Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the Board of Directors of the Company, ....
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The Board approved unaudited standalone results for Q2/H1 FY26 ended Sep 30, 2025, with H1 net profit of ₹81.75 lakh (vs ₹38.30 lakh in H1 FY25, more than doubling) and total income of ₹183.27 lakh (vs ₹68.87 lakh). CFO Mr. Ashish Jain resigned and was replaced by Mr. Atul Jain effective Nov 11, 2025, while Independent Director Mr. Rajender Agarwal also stepped down citing personal reasons and Secretarial Auditor M/s C. Gaur and Associates was replaced by M/s Akash & Co. to fill the casual vacancy. The Board approved raising the Authorised Share Capital from ₹5.5 crore to ₹10 crore and a preferential issue of up to 49.50 lakh warrants at ₹11.20 each (₹5.54 crore total) to promoter Prem Kumar Jain, family members and associates, lifting the promoter's stake from 40.46% to 43.65%. The company also approved a 100% cash acquisition of Karma Fiintech Private Limited (a related-party fintech, ₹25 lakh consideration) and a 51% stake buy in Accredit Marketplace Private Limited (₹5,100), subject to shareholder/EGM approval.
Strong operational growth (revenue and net profit more than doubled YoY) is a clear positive, but the preferential issue to promoter and related parties will dilute non-participating shareholders while consolidating promoter control. Concurrent exits of the CFO and an Independent Director create short-term governance churn, though both positions were filled on the same day, and the two small acquisitions (related-party in particular) will need shareholder scrutiny at the upcoming EGM.