apex capital & finance has notified the BSE that M/s S. Behera & Co. has resigned from its role as secretarial auditor, effective August 06, 2026. The resignation, communicated via a letter dated August 06, 2026, was attributed to pre-occupation and personal reasons by Shesadev Behera, the proprietor of the firm. This change in statutory oversight requires the company to appoint a replacement to ensure continued compliance with corporate governance norms.

The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was submitted to the Head – Listing Compliance at BSE Limited on August 07, 2026, by Shekhar Singh, Managing Director of Apex Capital and Finance Limited. The filing also included Annexure-I as mandated by SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Resignation Details

M/s S. Behera & Co., a firm of Practicing Company Secretaries based in New Delhi (CP No.: 5980), served as the secretarial auditor for the company. In its resignation letter addressed to the Board of Directors, the firm confirmed that there are no material reasons for the resignation other than those explicitly stated. Shesadev Behera further affirmed that no circumstances exist which materially affect the interest of stakeholders due to this resignation.

Compliance and Transition

The resignation was submitted in accordance with the applicable provisions of the Companies Act, 2013, and Regulation 24A of the SEBI Listing Regulations. S. Behera & Co. has conveyed no objection to the appointment of any other secretarial auditor as a replacement. The firm committed to extending reasonable assistance for an orderly transition and handing over all relevant records, papers, and documents relating to the audit assignment upon request.

All information and records made available during the engagement will remain confidential, subject to professional ethics requirements under the Company Secretaries Act, 1980, and the code of conduct issued by the Institute of Company Secretaries of India (ICSI).

Apex Capital and Finance Limited reported a net profit of ₹373.26 lakh for the financial year ended March 31, 2026, marking a substantial increase from ₹52.51 lakh in the previous year. Revenue from operations surged to ₹713.36 lakh for FY26, compared to ₹277.65 lakh in FY25, driven by the company's core financing activities. The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, during a meeting held on May 26, 2026.

The company’s profit before tax for FY26 stood at ₹498.08 lakh, up from ₹79.91 lakh in the prior year. For the quarter ended March 31, 2026, net profit was recorded at ₹95.40 lakh, with revenue from operations reaching ₹204.66 lakh. Total expenses for the year were reported at ₹215.28 lakh, slightly higher than the ₹197.74 lakh incurred in FY25. The statutory auditors, M/s Mahesh Kumar & Company, issued an unmodified opinion on the results. The management confirmed there were no significant changes in internal control over financial reporting or accounting policies during the period, and no instances of significant fraud involving management or employees were identified.

Financial Performance

The company’s earnings per share (EPS) for the full year improved significantly. Basic and diluted EPS for FY26 were reported at ₹6.31, compared to ₹0.89 in the previous year. For the quarter ended March 31, 2026, basic and diluted EPS stood at ₹0.16. The total comprehensive income for the year was ₹373.26 lakh, matching the net profit for the period as there was no other comprehensive income.

Key Financial Metrics

Assets and Liabilities

As of March 31, 2026, the company’s total assets stood at ₹10,769.40 lakh, an increase from ₹7,914.18 lakh in the previous year. Financial assets, which include loans and investments, constituted the majority of the assets, totaling ₹10,677.91 lakh. Total equity was reported at ₹10,626.49 lakh, while total liabilities amounted to ₹142.91 lakh, comprising both financial and non-financial obligations.

Cash Flow Statement

The net cash generated from operating activities for FY26 was negative at ₹2,373.44 lakh, compared to a negative ₹4,770.67 lakh in the previous year. The company raised ₹2,375.00 lakh through proceeds from unsecured borrowings or issuance of share warrants during the year. Consequently, the net increase in cash and cash equivalents was ₹1.56 lakh, bringing the closing balance to ₹15.40 lakh.

Corporate Governance

In addition to the financial results, the Board approved the appointment of M/s Vandana Tarika & Associates, Chartered Accountants, as internal auditors for the financial year 2026-27. The meeting, which commenced at 4:15 PM and concluded at 5:05 PM on May 26, 2026, also took note of the Statutory Auditors' Report. The company confirmed that all members of the Board and Senior Management Personnel have affirmed compliance with the Code of Conduct.