Outcome of Board Meeting held on November 13, 2025
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Smart Finsec Ltd's board, which met on November 13, 2025, approved the unaudited standalone financial results for the quarter and half year ended September 30, 2025. Total income for Q2 FY26 stood at Rs. 40.69 lakhs, down from Rs. 73.27 lakhs in Q2 FY25, while H1 FY26 total income came in at Rs. 95.66 lakhs versus Rs. 134.68 lakhs a year ago. Net profit after tax for H1 FY26 was Rs. 48.87 lakhs (down from Rs. 66.75 lakhs), translating to an EPS of Rs. 0.16. The NBFC segment remains the dominant contributor, accounting for about Rs. 80.87 lakhs of H1 revenue. Additionally, Executive Director Mr. Rajinder Kumar Arora (DIN: 10797869) resigned citing personal reasons, effective November 14, 2025.
The sharp decline in quarterly and half-yearly revenue and profits, driven mainly by weaker NBFC and investment-related income, is a negative signal for shareholders. The exit of an Executive Director is a routine KMP change, but investors should watch for any further board-level changes or clarity on succession.