We hereby submit the outcome of Board meeting dated 09th February, 2026.
Awaiting price reaction for this filing.
Pasupati Fincap Ltd's board approved standalone unaudited results for Q3 FY26 (quarter ended Dec 31, 2025), reporting revenue from operations of Rs 3.62 lakhs, down from Rs 5.33 lakhs in the previous quarter, and a net loss of Rs 8.05 lakhs, widening from Rs 6.86 lakhs loss in Q2. Cumulative losses for 9M FY26 stood at Rs 22.21 lakhs, while accumulated losses on the balance sheet reached approximately Rs 5.30 crore against a paid-up capital of Rs 4.70 crore. The board recommended a scheme to reduce share capital by cancelling 44.65 lakh of 47 lakh equity shares on a pro-rata basis, writing off Rs 4.65 crore of accumulated losses. The company also proposed changing its name to 'Harmanshi Appliances Co Limited', indicating a pivot in business identity following a change in promoter (Mr. Dinesh Parekh) last year.
Shareholders should note this is a significant restructuring move — the proposed 95% reduction in share count (with no consideration paid) is aimed at cleaning up a balance sheet where losses exceed capital, but existing shareholding percentages remain unchanged so no shareholder is cashed out. The name change and new promoter signal a possible business pivot, though the company continues to post losses with minimal revenue, making near-term stock performance uncertain.