Approval of DhanSafal Finserve Limited - Employee Stock Option Scheme, subject to the approval of the shareholders at the ensuring Annual General Meeting.
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The Board of Dhansafal Finserve approved audited financial results for Q4 and FY ended March 31, 2025, along with an Employee Stock Option Scheme 2025 (subject to shareholder approval at the AGM), and shifted the Books of Accounts to its Goregaon East corporate office. Total Revenue from Operations tripled to Rs. 485.91 lakhs in FY25 from Rs. 162.77 lakhs in FY24, driven by a sharp rise in Interest Income (Rs. 460.32 lakhs vs Rs. 151.52 lakhs) as the loan book expanded over 100% quarter-on-quarter. However, Profit After Tax fell to Rs. 37.14 lakhs from Rs. 60.59 lakhs due to a steep rise in employee costs, depreciation, and other expenses. The auditor (RSRV & Associates) issued an unmodified opinion. The company raised Rs. 2,811.60 lakhs via a rights issue and allotted 8.66 crore convertible warrants at Rs. 24.31 each on a preferential basis.
Strong top-line growth signals aggressive expansion in the NBFC/lending business, but the PAT decline and negative operating cash flow (Rs. -3,397.71 lakhs) suggest rising costs and heavy deployment of funds into loans. Existing shareholders face potential dilution from the ESOP scheme and large convertible warrant issuance, though the capital raise supports the lending growth strategy.