Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company ....
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The Board approved standalone unaudited results for Q2/H1 FY26 ended 30 Sep 2025, reporting net profit of ₹49.32 lakh for the quarter and ₹81.75 lakh for the half year, on total income of ₹183.27 lakh (H1), with EPS of ₹0.98 for the quarter. Mr. Ashish Jain resigned as CFO and Mr. Atul Jain (DIN: 06608095) was appointed as new CFO, while Independent Director Mr. Rajender Agarwal stepped down citing personal reasons. Secretarial auditor M/s. C. Gaur & Associates resigned (pre-occupation) and was replaced by M/s. Akash & Co. The Board approved raising authorised share capital from ₹5.5 crore to ₹10 crore and issuing up to 49.5 lakh convertible warrants at ₹11.20 each (total ~₹5.54 crore) on a preferential basis to promoter Prem Kumar Jain and several non-promoter allottees, subject to EGM approval. Two acquisitions were cleared: 100% of Karma Fiintech Private Limited (a related-party loan facilitation NBFC, cost ₹25 lakh) and 51% of Accredit Marketplace Private Limited (financial consultancy, cost ₹5,100), both expected to close within 30 days of signing the SPAs.
The company is pivoting sharply — bringing in a new CFO, diluting equity via warrants (promoter holding rises to ~43.65% post-issue), and acquiring fintech/consultancy subsidiaries to diversify away from core NBFC/leasing. While the moves signal growth ambition, the small acquisition sizes and multiple simultaneous changes add execution risk and could keep the stock volatile pending EGM and completion of the deals.