Outcome of the Board Meeting held on Thursday, 22nd January, 2026 pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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The Board approved unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025. Standalone Q3 revenue came in at Rs. 2,794.78 lakhs, down from Rs. 3,279.23 lakhs in Q3 FY25. For 9M FY26, standalone revenue declined about 25% year-on-year to Rs. 8,152.22 lakhs, and standalone profit after tax fell roughly 43% to Rs. 1,104.81 lakhs. Consolidated 9M revenue dropped about 27% YoY to Rs. 8,235.47 lakhs, with consolidated profit after tax also nearly halving. The Board also approved acquiring a 25% stake in Nyati Holdings Private Limited from promoter Mrs. Anita Nyati for up to Rs. 25,000, turning it into an associate company. Two changes in the Merchant Banking Division were approved effective April 1, 2026: Mr. Mohit Goyal to be redesignated as Principal Officer, and Ms. Mansi Malviya appointed as Compliance Officer.
The steep year-on-year decline in both revenue and profit is a negative signal for shareholders, suggesting weakness in core broking and merchant banking income. The associate acquisition amount is token but indicates strategic intent to expand group entities.