Please find attached Outcome of Board Meeting held on May 21, 2026.
CENTRUM · price
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Centrum Capital reported audited consolidated results for FY2026 with total revenue of Rs. 3,76,296.81 lakhs (up 7.7% from Rs. 3,49,340.01 lakhs in FY2025). However, the company swung to a consolidated loss before tax of Rs. 45,416.39 lakhs (vs. loss of Rs. 18,847.83 lakhs), with loss after tax of Rs. 28,134.66 lakhs (vs. loss of Rs. 14,868.28 lakhs). The significant loss was driven by impairment on financial instruments of Rs. 84,932.21 lakhs. Exceptional items of Rs. 20,104.07 lakhs included profit on sale of Centrum Housing Finance (Rs. 22,769.79 lakhs) net of transaction costs and loss on Centrum Alternatives LLP. The Board approved fund-raising of up to Rs. 1,000 crore via NCDs and another Rs. 1,000 crore via rights issue/private placement/QIP. Statutory auditors Sharp & Tannan were reappointed for a second term of 5 years. The auditor issued an unmodified (clean) opinion with no going concern issues.
The stock faces pressure due to significantly widened losses and high impairment charges, despite modest revenue growth. The Rs. 2,000 crore fundraising authorization signals capital needs, possibly to support the banking subsidiary (Unity Small Finance Bank) given its large contribution to losses at Rs. 3,062.53 lakhs. The clean audit opinion provides some comfort.