Anjani Finance Limited has scheduled its 37th Annual General Meeting (AGM) for September 24, 2026, at 3:00 pm in hybrid mode at its Indore registered office. Key agenda items include the adoption of FY26 financial statements and approval of related party transactions (RPTs) up to ₹50 crore.

The company reported a sharp decline in total revenue to ₹5,213.35 thousand in FY26, down from ₹11,049.05 thousand in FY25. Despite the revenue contraction, net profit after tax rose to ₹1,592.39 thousand from ₹4,639.93 thousand in the previous year, driven largely by a write-back of earlier year tax provisions.

Meeting details

The AGM will be held at "The Agarwal Corporate House", Indore, allowing participation via video conferencing or in person. Shareholders can exercise remote e-voting between September 21–23, 2026.

Key agenda items

Shareholders will transact ordinary and special businesses during the meeting:

• Adoption of financial statements: Receipt and adoption of audited financials for the year ended March 31, 2026.
• Director reappointment: Reappointment of Mr. Sanjay Kumar Agarwal (DIN: 0023611), who retires by rotation as a Non-Executive, Non-Independent Director.
• Confirmation of independent director: Confirmation of Mr. Nilay Agrawal (DIN: 11252292) as a Non-Executive Independent Director for a five-year term from June 30, 2026, to June 29, 2031.

Related party transactions and loans

The company seeks shareholder approval for two major financial resolutions:

1. Related party transactions (RPTs): Approval under Regulation 23 of SEBI (LODR) Regulations for transactions up to ₹50 crore with related parties between the 37th and 38th AGMs. These include loans and advances on an arm's length basis.
2. Loans and guarantees: Approval under Section 186 of the Companies Act, 2013, for the Board to provide loans, guarantees, or securities up to an aggregate outstanding amount of ₹50 crore at any point in time.

Proposed related party transaction details

Key proposed transactions involve entities connected to promoters and directors:

All proposed loans are unsecured, repayable on demand, and have a tenure of one year. The transactions are justified as mutually beneficial, enabling related parties to meet funding requirements while allowing Anjani Finance to deploy resources efficiently.

What the numbers show

The divergence between revenue decline and profit growth warrants attention. While interest income fell to ₹5,208.89 thousand from ₹6,380.04 thousand, other income dropped significantly to ₹4.46 thousand from ₹2,048.41 thousand. However, the net profit increase was primarily fuelled by a ₹621.28 thousand write-back of earlier year excess tax provision and a ₹66.88 thousand deferred tax write-back, offsetting lower operational earnings. This suggests the profit growth is non-operational in nature, driven by tax adjustments rather than core business expansion.

Shareholder instructions

Electronic copies of the AGM notice and Annual Report for FY26 were dispatched starting August 31, 2026. Physical shareholders must submit KYC details using Form ISR-1. Failure to update these details may restrict access to services such as dividend payments, which will be processed only electronically from April 1, 2024 onwards.

In compliance with Regulation 36(1)(b) of SEBI (LODR) Regulations, 2015, letters have been dispatched to shareholders who have not registered their email addresses. These letters contain web-links where the complete details of the 37th Annual Report are available. Shareholders wishing to receive a physical copy may contact the company directly.

Anjani Finance Limited reported a standalone net loss of ₹0.61 lakh for the quarter ended June 30, 2026, driven by operating expenses exceeding interest income. The company’s Board of Directors approved the unaudited financial results on August 5, 2026, alongside a significant strategic shift: the surrender of its Non-Banking Financial Company (NBFC) license to apply for an Unregistered Core Investment Company (CIC) license from the Reserve Bank of India. This transition marks a structural change in Anjani Finance 's regulatory status, subject to final approval from relevant authorities, potentially refocusing operations toward holding group investments rather than direct lending.

The financial performance for Q1FY27 reflects a decline in profitability compared to the previous year. Total revenue from operations stood at ₹11.38 lakh, primarily derived from interest income, which was marginally higher than the ₹11.13 lakh recorded in the corresponding quarter of FY26. However, total expenses rose to ₹12.21 lakh from ₹14.67 lakh in the same period last year, yet remained higher than revenue due to specific cost structures. The profit before tax was a loss of ₹0.61 lakh, resulting in a basic earnings per share of ₹(0.006).

Financial Performance Breakdown

The following table details the key financial metrics for the quarter ended June 30, 2026, compared to prior periods:

Interest income remained relatively stable at ₹11.38 lakh, showing a slight increase from ₹11.13 lakh in the preceding quarter but a decrease from ₹13.22 lakh in Q1FY26. Other income contributed a minor ₹0.22 lakh. On the expenditure side, finance costs decreased significantly to ₹0.16 lakh from ₹0.90 lakh in Q4FY26. However, other expenses surged to ₹8.44 lakh, up from ₹1.44 lakh in the previous quarter, contributing to the overall loss despite lower employee benefit expenses of ₹3.61 lakh.

Strategic Regulatory Shift

The Board’s decision to surrender the NBFC license is a pivotal development. The move aims to obtain an Unregistered CIC license, which typically allows companies to hold equity shares in their group entities without engaging in traditional lending activities. This change suggests a potential refocusing of the company’s core business away from direct financing operations toward holding investments within its corporate group. The filing notes that this action is subject to regulatory approval, with no specific timeline provided for implementation.

What the Numbers Show

The divergence between stable interest income and volatile other expenses highlights operational inefficiencies in the current quarter. While finance costs have reduced, the spike in other expenses to ₹8.44 lakh—significantly higher than the ₹1.44 lakh in Q4FY26—eroded margins. This expense pattern contrasts with the full-year FY26 net profit of ₹15.92 lakh, indicating that Q1FY27’s loss may be an anomaly or part of a transitional phase linked to the upcoming regulatory shift. Investors should monitor whether the Unregistered CIC status will streamline operations and reduce such discretionary costs in future quarters.

Compliance and Governance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors on August 5, 2026. The Statutory Auditors, SAP Jain & Associates, issued a Limited Review Report confirming that the statement complies with Ind AS 34 and SEBI (LODR) Regulations. The CEO and CFO certificate affirmed the accuracy of the financial statements and the effectiveness of internal controls. The company published the results in widely circulated English and Hindi newspapers and hosted them on its website.