USHAKIRAN FINANCE LTD.

Operates as a non-banking financial company (NBFC) listed on BSE and based in Hyderabad, with a lending book that has produced non-performing assets. FY26 total income was Rs 47.23 lakh, down from Rs 55.40 lakh in FY25, against total assets of Rs 13.54 crore. The company is pursuing recovery on its loan book through SARFAESI Act notices, including one to a borrower (Sri Venkateswara Traders) for an outstanding of Rs 4.55 crore classified as NPA, and three smaller notices from Centrum Housing Finance. The company swung to a net loss of Rs 4.36 lakh in FY26 from a profit of Rs 24.38 lakh in FY25, with total expenses nearly doubling to Rs 45.53 lakh. It also booked a large other comprehensive loss of Rs 343.55 lakh from fair-value changes on investments, dragging total comprehensive income to Rs -298.78 lakh. Employee cost is the largest operating expense at 27.2% of revenue, with other opex at 25.9% and depreciation at 4.4%. The company has not issued any non-convertible debt securities, NCRPS, or commercial papers, and is exempt from several SEBI corporate governance rules due to its small size (paid-up equity Rs 2.55 crore, net worth Rs 16.50 crore).