Ajcon Global Services reported a standalone net profit of ₹17.21 lakh for the quarter ended June 30, 2026 (Q1FY26), rising 4.2% year-on-year from ₹16.52 lakh. Consolidated net profit after minority interest increased to ₹21.42 lakh, up from ₹18.53 lakh in the corresponding period of FY25. The results reflect stable profitability despite modest revenue growth, driven by controlled expenditure and consistent fee income.

The Board of Directors approved the unaudited financial results on August 12, 2026, alongside a Limited Review Report issued by statutory auditors Bhatter & Company. The company also announced the forfeiture of 10,00,000 convertible warrants allotted on January 21, 2025, to non-promoter public allottees Shri Subhash P. Rathod, Shri Saajan S. Rathod, and Shri Mayank S. Rathod. The warrants were forfeited due to the non-receipt of the balance 75% consideration of ₹4,95,00,000 within the 18-month deadline ending July 20, 2026. Consequently, the upfront payment of ₹1,65,00,000 has been transferred to the Capital Reserve Account.

Financial Performance Highlights

Standalone revenue from operations stood at ₹254.19 lakh, up from ₹232.64 lakh in Q1FY25. This growth was primarily supported by a significant increase in sale of products, which rose to ₹113.58 lakh from ₹80.07 lakh in the prior year. Fees and brokerage income remained relatively stable at ₹119.22 lakh, compared to ₹128.80 lakh previously. Other operating income increased to ₹9.90 lakh from ₹6.76 lakh.

Consolidated revenue reached ₹297.56 lakh, benefiting from higher interest income of ₹33.68 lakh compared to ₹28.01 lakh in the previous quarter. However, consolidated cost of sales increased significantly to ₹77.37 lakh from ₹51.65 lakh, impacting overall margins. Employee benefit expenses declined slightly to ₹88.19 lakh from ₹93.06 lakh, while finance costs remained contained at ₹18.60 lakh.

The consolidated results include unaudited financial results of subsidiaries Ajcon Finance Limited, Ajcon Comtrade Private Limited, and Kanchanmanik Securities Private Limited. The figures for the quarter ended March 31, 2026, represent the balancing figures between audited financials for the full financial year and those published till the third quarter.

What the Numbers Show

The divergence between standalone and consolidated performance highlights the impact of subsidiary activities on the group’s bottom line. While standalone operations maintained steady profitability with minimal variance in key expense lines, the consolidated figures show a larger contribution from interest income but also higher cost of sales. This suggests that the group’s financial services or trading arms (likely through subsidiaries Ajcon Finance Limited and Kanchanmanik Securities Private Limited) are driving volume growth, albeit with associated costs that require monitoring. The forfeiture of warrants adds a one-time capital reserve boost but does not impact current period operating profits.

Ajcon Global Services Limited adopted its audited financial statements for the financial year ended March 31, 2026, and re-appointed a director at its 39th Annual General Meeting (AGM) held on July 21, 2026. Shareholders approved both resolutions with over 99.99% of the votes cast, ensuring the continuity of the board and the formal acceptance of the annual accounts. The meeting was conducted via video conferencing in compliance with Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) regulations.

The remote e-voting facility was available from July 17, 2026, to July 20, 2026, with an additional window during the AGM. M/s. Abhishek Shukla & Associates, Practicing Company Secretaries, served as the scrutinizer to oversee the process. The cut-off date for determining voting rights was July 14, 2026. A total of 50 members participated, casting 43,393,188 valid votes across the two resolutions.

Business Transacted

Shareholders voted on two ordinary resolutions concerning the adoption of financial statements and the re-appointment of a director.

Voting Results

The resolutions received overwhelming support from shareholders. The detailed voting figures for the adoption of financial accounts and the re-appointment of Mr. Ankit Ajmera were identical, with 99.9997% of votes in favour.

Board and Attendance

The meeting was chaired by Mr. Ashok Ajmera, Managing Director & CEO. Six directors were present, including Mr. Ankit Ajmera, Mr. Anuj Ajmera, Mrs. Sangeeta Vijay Kumar, Mr. Rahul Atal, and Mrs. Beverly S.N. Avalani. Representatives of statutory auditors, secretarial auditors, and scrutinizers were also in attendance. The Chairman provided an overview of the company's performance and noted the impact of geopolitical situations on financial markets.