The Board of Directors at their meeting held on August 08, 2025, inter alia, approved appointment of Mr. Nitin Jaiswal (DIN: 11148525) as Additional Director (Non-Executive and Independent) ....
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The Board of Directors of Niyogin Fintech Ltd met on August 8, 2025 and approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, the company reported a profit after tax of Rs. 59.83 lakhs compared to a loss of Rs. 246.54 lakhs in the same quarter last year, with total income rising to Rs. 2,640.35 lakhs from Rs. 1,609.76 lakhs. On a consolidated basis, total revenue from operations jumped to Rs. 8,175.48 lakhs from Rs. 5,039.36 lakhs, though the company still posted a consolidated loss of Rs. 185.26 lakhs (down from a Rs. 984.34 lakh loss). The Board appointed Mr. Nitin Jaiswal, a former 27-year Bloomberg Asia-Pacific senior leader, as an Additional Independent Director for five years and named M/s. Mitesh Shah & Co. as Secretarial Auditors for five years. It also approved raising the borrowing limit secured by company assets to Rs. 300 crores and set September 17, 2025 as the date for the 37th AGM.
A swing back to standalone profitability after multiple loss-making quarters is a positive signal for shareholders, though the consolidated entity remains in the red. The new borrowing headroom of Rs. 300 crores suggests possible future expansion or refinancing plans, while strengthening the board with an experienced independent director should be viewed favorably from a governance standpoint.