Poonawalla Fincorp Limited has informed the Exchange regarding 'Annual General Meeting'.
POONAWALLA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Poonawalla Fincorp reported strong FY2026 results with total income of Rs 6,796 crores, up 61% from Rs 4,223 crores in FY2025. The company returned to profitability with PAT of Rs 542 crores compared to a loss of Rs 98 crores in the previous year. The Board did not declare any dividend for FY2025-26, citing the need to conserve capital for future growth. The company raised Rs 2,500 crores via a QIP on April 13, 2026, following an earlier preferential issue of Rs 1,500 crores. Joint statutory auditors Kirtane & Pandit LLP will complete their term at the 46th AGM on July 24, 2026, and will be replaced by B.K. Khare & Co. Auditors issued an unmodified (clean) opinion on the financial statements.
The company showed a remarkable turnaround with 62% revenue growth and return to profitability from a loss position. No dividend may disappoint short-term investors, but the substantial capital raise of Rs 4,000 crore through QIP and preferential issue signals strong institutional confidence and provides resources for growth. The auditor change is routine compliance.