OUTCOME OF THE BOARD MEETING DATED 22.01.2026
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The board approved the unaudited financial results for Q3 FY26 (quarter ended Dec 31, 2025) along with limited review reports from auditor SK Agrawal and Co. On a standalone basis, total income fell sharply to Rs. 172.84 lakhs in Q3 FY26 from Rs. 899.89 lakhs in the previous quarter and Rs. 821.75 lakhs in Q3 FY25, resulting in a net loss of Rs. 96.41 lakhs (vs profit of Rs. 133.43 lakhs in Q2 FY26). On a consolidated basis, the company reported a net loss of Rs. 100.02 lakhs for the quarter. However, the 9-month FY26 picture remains positive with standalone PAT of Rs. 164.96 lakhs (up from Rs. 88.52 lakhs in 9M FY25). The company has recognised an expected credit loss on a loan given to a party and a fair value loss on its investment portfolio, while continuing efforts to recover the outstanding loan. The board also reconstituted the Rights Issue Committee and disclosed the incorporation of a new wholly-owned subsidiary, Nexome Wealth Management Limited, along with voluntary delisting from the Calcutta Stock Exchange.
Sharp quarter-on-quarter and year-on-year revenue decline, coupled with a swing to a quarterly net loss, may weigh on short-term sentiment. However, the 9-month profitability remains positive, and structural moves (new wealth management subsidiary, CSE delisting) signal strategic consolidation. Investors should watch recovery of the impaired loan and performance of the new subsidiary.