Book Closure for AGM 2025 from 13.09.2025 to 19.09.2025
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Glance Finance's board, at its meeting on 7 August 2025, approved the unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). Total income stood at Rs 328.16 lacs versus Rs 352.08 lacs in Q1 FY25, a decline of about 7%. Profit before tax fell sharply to Rs 87.11 lacs from Rs 150.40 lacs, and net profit after tax dropped to Rs 19.80 lacs from Rs 91.40 lacs, an almost 78% YoY fall. EPS for the quarter came in at Rs 0.88 versus Rs 4.05 in the same quarter last year. The statutory auditor (JM T & Associates) issued a qualified limited review report, flagging that gratuity and leave encashment provisions were not made per actuarial valuation under Ind AS 19, with the impact on profit not ascertainable. The board also fixed 19 September 2025 as the date for the 31st AGM (via video conferencing), with the cut-off date for e-voting on 12 September and the register of members closed from 13 to 19 September 2025.
Shareholders should note the steep drop in quarterly profit and the qualified auditor remark on employee benefit provisioning, which together raise minor governance concerns despite the positive PAT. The AGM book closure window (13–19 September) means no share transfers will be processed during that period, and the 12 September cut-off date determines e-voting eligibility.