Longspur International Venture

Operates as a BSE-listed financial services entity with a substantial loan book and a recently approved pivot into solar energy. As of FY26, non-current loans stood at ₹3,47,327 lakhs against total assets of ₹4,10,153 lakhs, indicating that lending is the principal activity generating revenue. FY26 revenue from operations surged to ₹41,286 lakhs from ₹939.89 lakhs in FY25, though profit after tax eased to ₹52.91 lakhs from ₹60.48 lakhs, leaving an EBITDA margin of 27.3%. The cost mix of 0% materials, 6.6% employees, 23.5% other operating expenses and 7.5% depreciation fits a services-led financial profile rather than a manufacturing one. In April 2026 shareholders approved a change in the main object clause to add solar energy activities, covering manufacturing, supply, installation and maintenance of off-grid DC solar photovoltaic water pumping systems and broader renewable energy projects. The company is funding this transition through a preferential issue of up to 2,03,50,000 equity shares of ₹10 each, equivalent to about ₹20.35 crore, with phased allotments already completed in June 2026. Q1 FY27 (quarter ended 30 June 2026) reported revenue from operations of ₹75 lacs and a profit of ₹15.68 lacs, versus a loss of ₹9.37 lacs a year earlier.