The Motor & General Finance Limited has informed the Exchange regarding Board meeting held on August 11, 2025.
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The Motor & General Finance Limited held its board meeting on August 11, 2025 and approved several key items. The 95th Annual General Meeting will be held on September 25, 2025 via video conferencing. The board approved re-appointment of Rajiv Gupta as Chairman & Managing Director & CEO, Arti Gupta as Joint Managing Director, and Arun Mitter as Executive Director, each for three years (Aug 13, 2025 to Aug 12, 2028) with gross salary not exceeding Rs. 30 lakhs per year, subject to shareholder approval. Anjali Yadav & Associates was appointed as Secretarial Auditor for 5 years (FY26-FY30) and Sudhir Kumar Agarwal was re-appointed as Internal Auditor for FY26. For Q1 FY26, standalone total income stood at Rs. 236.33 lakhs versus Rs. 244.36 lakhs in Q1 FY25, while standalone net profit declined to Rs. 24.74 lakhs from Rs. 32.89 lakhs. Consolidated net profit fell to Rs. 23.01 lakhs from Rs. 31.11 lakhs. Standalone EPS was Rs. 0.06 versus Rs. 0.08 in the year-ago quarter.
Q1 FY26 results show a decline in both standalone and consolidated net profit on a year-on-year basis, indicating weak operational performance for the quarter. The re-appointment of existing management without a leadership change suggests continuity rather than transformation. The going concern issue at associate Jayabharat Credit Limited (negative net worth of Rs. 6,112.60 lakhs) remains a watch item, though its impact is already fully impaired. Shareholders may view this as routine governance activity with marginal financial softness.