Board approves unaudited H1 FY27 results, appoints internal auditor; authorised share capital increased
Board on 23 October 2026 approved unaudited standalone results for Q2/H1 FY27 and appointed M/s. Parikh & Associates, Chartered Accountants (FRN 146545W) as Internal Auditors for FY 2026-27.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | Prev qtr | QoQ |
|---|---|---|---|---|
| Total income | 26.42 | — | 20.14 | +31.2% |
| Profit before tax | (42.40) | (2.40) | 5.50 | — |
| Profit after tax | (42.40) | (2.40) | 5.50 | — |
| Total comprehensive income | (42.40) | (2.40) | 5.50 | — |
| Basic EPS | (0.03) | (0.00) | 0.00 | — |
- Total income (prev qtr)
- 20.14 (+31.2%)
- Period
- 30.09.2026 (Unaudited)
Also decided at the meeting
- Appointed M/s. Parikh & Associates, Chartered Accountants (FRN: 146545W), as Internal Auditors of the Company for the Financial Year 2026-27.
Auditor's review
Conclusion: Unmodified
Notes to the results
- During the quarter, authorized share capital increased from 1,550.00 Lakhs shares to 7,000 Lakhs shares of ₹1 each; ROC update fees of ₹45.72 Lakhs fully expensed under Other Expenses.
- The Company operates in only one business segment i.e. Non Banking Financial Services.
What the board approved
- Unaudited standalone financial results of the company for the quarter and half year ended 30 September 2026.
- Appointment of M/s. Parikh & Associates, Chartered Accountants, as Internal Auditors of the company for the Financial Year 2026-27.
Results at a glance (standalone, unaudited; figures as printed, Rs. in lakh)
- Revenue from operations: 26.32 for the quarter ended 30 September 2026 and 46.46 for the half year.
- Other Expenses: 58.33 for the quarter.
- Net profit for the period: (42.40) for the quarter and (36.90) for the half year. The brackets in the statement denote a loss, so the company reported a net loss in both periods.
- The company operates in a single business segment, Non Banking Financial Services, as stated in the notes to the results.
Why the quarter's expenses are high
Note 5 to the results states that during the quarter ended 30 September 2026 the company increased its authorised share capital from 1,550.00 lakh shares of face value Rs. 1 each to 7,000 lakh shares of face value Rs. 1 each. In connection with this increase, the company incurred expenses of Rs. 45.72 lakh as ROC update fees, fully recognised and included under "Other Expenses" in the Statement of Profit and Loss for the quarter. That single item is larger than the quarter's net loss of Rs. 42.40 lakh, and it sits inside Other Expenses of 58.33 for the quarter.
Auditor's review conclusion
Arun Jain & Associates, Chartered Accountants, reviewed the statement. Their limited review report states that nothing has come to their attention that causes them to believe the statement has not disclosed the information required under Regulation 33, or that it contains any material misstatement, or that it has not been prepared in accordance with the relevant RBI master directions on income recognition, asset classification, provisioning and related matters. A review gives moderate assurance and is not an audit, so no audit opinion is expressed.
The new internal auditor
The board approved Parikh & Associates (firm registration number 146545W) as internal auditor for FY 2026-27. The update describes the firm as a chartered accountancy practice offering statutory audits, internal audits, risk management, due diligence, financial reporting, tax planning, regulatory compliance, valuation and management consultancy, with clients across banking and financial services, manufacturing, real estate, pharmaceuticals, infrastructure, information technology, hospitality, chemicals, retail, shipping, logistics and energy.
What stands out
- The half year shows a net loss of (36.90) and the September quarter alone accounts for a net loss of (42.40).
- A ROC update fee of Rs. 45.72 lakh, connected to the authorised capital increase, is included in the quarter's Other Expenses of 58.33.
- The limited review by the statutory auditor carries no qualification, and the board has fixed the internal auditor for FY 2026-27.
Also from RGF Capital Markets
Board approved internal auditor for FY 2026-27; unaudited H1 net loss at Rs. 36.90 lakh
23 Oct 2026
Board meeting on 23 Oct 2026 to consider, approve standalone unaudited results for quarter, half year ended 30 Sep 2026
16 Oct 2026
Pre-offer advertisement and corrigendum submitted for open offer of up to 3,90,06,240 shares (26%)
12 Oct 2026
More numbers
- Revenue from operations, half year ended 30.09.2026 (Rs. in lakh)46.46
- Net profit for the period, half year ended 30.09.2026 (loss) (Rs. in lakh)(36.90)
- Revenue from operations, quarter ended 30.09.2026 (Rs. in lakh)26.32
- Other Expenses, quarter ended 30.09.2026 (Rs. in lakh)58.33
- ROC update fees on increase in authorised share capital (Rs. in lakh)45.72
- Authorised share capital before increase (face value Rs. 1 each)1,550.00 lakh shares
- Authorised share capital after increase (face value Rs. 1 each)7,000 lakh shares
- Total income, latest quarter26.42 (₹ in Lacs)
- Total income, previous quarter20.14 (₹ in Lacs)
- Total comprehensive income, latest quarter(42.40) (₹ in Lacs)
- Total comprehensive income, year-ago quarter(2.40) (₹ in Lacs)
- Total comprehensive income, previous quarter5.50 (₹ in Lacs)
- Profit after tax, latest quarter(42.40) (₹ in Lacs)
- Profit after tax, year-ago quarter(2.40) (₹ in Lacs)
- Profit after tax, previous quarter5.50 (₹ in Lacs)
- Profit before tax, latest quarter(42.40) (₹ in Lacs)
- Profit before tax, year-ago quarter(2.40) (₹ in Lacs)
- Profit before tax, previous quarter5.50 (₹ in Lacs)
- Total income, year-ago quarter-
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