Announcement under regulation 30 (LODR) - Change in Management.
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The board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, the company swung back to a profit of Rs. 60.08 lakhs from a loss of Rs. 22.11 lakhs in the same quarter last year, with total income rising to Rs. 103.69 lakhs. Consolidated profit after tax stood at Rs. 62.88 lakhs. The 42nd Annual General Meeting is scheduled for September 20, 2025 via video conferencing. The board accepted the resignation of Independent Director Mr. Vijay Kumar Jain (DIN: 08208856) citing personal reasons, and appointed Mr. Vivek Awasthi (DIN: 06961442), a Chartered Accountant, as a new Independent Director for a five-year term. Mrs. Seema Mittal was re-appointed as a director retiring by rotation. The statutory auditor M/s Ranjit Jain & Co. issued an unmodified limited review report on both standalone and consolidated results.
The director change appears routine board refreshment – one independent director resigned for personal reasons and a qualified CA was appointed to replace him. The financial turnaround from loss to profit in Q1 is a positive signal, though absolute numbers remain small for this NBFC.