Board Meeting Outcome: 5:9 Bonus Issue Recommended, Q2 FY27 Results Approved, Internal Auditor Replaced
Board approved and recommended a bonus issue in the ratio 5:9 — 5 new fully paid-up equity shares for every 9 held — by capitalising free reserves and/or securities premium and/or capital redemption reserve.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Total income | 127.65 | 105.18 | +21.4% | 154.79 | −17.5% |
| Profit before tax | 8.97 | 8.35 | +7.4% | 75.37 | −88.1% |
| Profit after tax | 8.97 | 8.35 | +7.4% | 75.37 | −88.1% |
| Total comprehensive income | 5.99 | -63.13 | — | 112.00 | −94.7% |
| Basic EPS | 0.10 | 0.09 | +11.1% | 0.81 | −87.7% |
- Total Income YoY Change
- +21.4% (Year ago 105.18)
- Profit After Tax QoQ Change
- −88.1% (Prev qtr 75.37, Latest 8.97)
- Period
- Quarter ended 30.09.2026 Unaudited
Also decided at the meeting
- Approved and recommended bonus issue in ratio 5:9 (5 new ₹10 shares for every 9 held), up to 51,43,500 shares aggregating ₹514.35 lakhs, subject to Postal Ballot; record date to be intimated.
- Accepted resignation of M/s. Kailash Jain and Associates as Internal Auditor w.e.f. October 14, 2026, due to personal reasons.
- Appointed M/s. Vasudevan & Associates, Chartered Accountants, as Internal Auditor w.e.f. October 14, 2026, up to the conclusion of FY 2026-27.
Auditor's review
Conclusion: Unmodified
Notes to the results
- Exceptional and Extraordinary item of 12.03 (Amount in Lakhs) charged for the quarter ended 30.09.2026 (12.01 in Q1, 12.02 in Q2 FY26).
- The Company operates only in one segment; previous period figures regrouped wherever necessary.
Bonus shares: what the board approved and recommended
The board approved, and recommended to the members for their approval, the issue of bonus equity shares in the ratio 5:9 — 5 new fully paid-up equity shares for every 9 existing fully paid-up equity shares held on the Record Date. The bonus shares will be issued by capitalising free reserves and/or the securities premium account and/or the capital redemption reserve account (not revaluation reserve) as at March 31, 2026.
Because the proposal needs shareholders' approval, it will be placed before the members through a Postal Ballot. The Record Date that decides who is entitled to receive the bonus shares will be intimated in due course. The bonus shares are estimated to be credited or dispatched within 2 months from the date of Board approval.
- Bonus equity shares proposed: up to 51,43,500
- Paid-up equity share capital before the bonus: ₹925.83 lakhs; after the bonus, approximately ₹1440.18 lakhs
- Equity shares after the bonus, approximately: 1,44,01,800
In simple terms, a bonus issue gives existing shareholders extra shares free of cost in a fixed proportion, here 5 for every 9 they hold. The company's paid-up share capital rises from about ₹925.83 lakhs to about ₹1440.18 lakhs, funded from reserves it had built up earlier rather than from fresh money brought in by investors.
Quarter ended September 30, 2026 — standalone, unaudited
The board approved the unaudited standalone financial results for the quarter ended September 30, 2026, prepared under Indian Accounting Standards (Ind AS). The statutory auditors carried out a limited review of the results.
- 'Total Income': 127.65 for the quarter
- 'Net profit for the period': 8.97 for the quarter
These figures are as printed, in lakhs of Indian Rupees. The limited review report states that nothing has come to the auditors' attention that causes them to believe that the statement has not disclosed the information required, or that it contains any material misstatement.
Internal auditor: resignation and appointment
The board took note of and accepted the resignation of M/s. Kailash Jain and Associates, Chartered Accountants, from the position of Internal Auditor of the company with effect from October 14, 2026, due to personal reasons. On the recommendation of the Audit Committee, the board approved the appointment of M/s. Vasudevan & Associates, Chartered Accountants, as Internal Auditor with effect from October 14, 2026, in place of M/s. Kailash Jain and Associates, for the period up to the conclusion of the financial year 2026-27. The new firm is Chennai-based, established in January 1988.
Also from Indus Finance
Board meet on 14 October 2026 to consider Q2/H1 results and a bonus share proposal
7 Oct 2026
More numbers
- Bonus issue ratio (new shares for every 9 held)5:9
- Bonus equity shares proposed (up to)51,43,500
- Paid-up equity share capital before bonus₹925.83 lakhs
- Paid-up equity share capital after bonus (approx.)₹1440.18 lakhs
- Equity shares after bonus (approx.)1,44,01,800
- Estimated time to credit or dispatch bonus shares2 months
- Total income, latest quarter127.65 (Amount in Lakhs)
- Total income, year-ago quarter105.18 (Amount in Lakhs)
- Total income, previous quarter154.79 (Amount in Lakhs)
- Total comprehensive income, latest quarter5.99 (Amount in Lakhs)
- Total comprehensive income, year-ago quarter-63.13 (Amount in Lakhs)
- Total comprehensive income, previous quarter112.00 (Amount in Lakhs)
- Profit after tax, latest quarter8.97 (Amount in Lakhs)
- Profit after tax, year-ago quarter8.35 (Amount in Lakhs)
- Profit after tax, previous quarter75.37 (Amount in Lakhs)
- Profit before tax, latest quarter8.97 (Amount in Lakhs)
- Profit before tax, year-ago quarter8.35 (Amount in Lakhs)
- Profit before tax, previous quarter75.37 (Amount in Lakhs)
- bonus_shares_proposed51,43,500 equity shares
- bonus_issue_amount₹514.35 lakhs
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