Ashirwad Capital Limited reported a 22% year-on-year increase in net profit for the fiscal year ended March 31, 2026, driven by higher revenue from operations and gains on investments.

The Mumbai-based non-banking financial company (NBFC) posted a net profit of ₹104 lakh for FY26, compared to ₹85 lakh in the previous year. Total revenue rose 38% to ₹170 lakh, with revenue from operations reaching ₹145 lakh from ₹103 lakh in FY25.

Financial Performance

The company’s profitability was supported by strong investment returns. Revenue from operations included ₹136 lakh from profit on sale of investments, up significantly from ₹96 lakh in FY25. Other income also grew to ₹25 lakh from ₹20 lakh, primarily due to dividend income rising to ₹23 lakh.

Total expenditure increased to ₹51 lakh from ₹25 lakh, largely due to finance costs rising to ₹29 lakh from ₹8 lakh. Despite the higher expenses, the net profit margin remained robust at 60.91%, though slightly lower than the 68.40% recorded in FY25.

What the Numbers Show

Investment activities remain the core driver of Ashirwad Capital’s earnings. With ₹136 lakh in profits from the sale of investments contributing to a total operating revenue of just ₹145 lakh, the company’s bottom line is heavily dependent on capital markets performance rather than traditional lending or fee-based income. This concentration highlights the volatility inherent in its business model, where market fluctuations directly impact profitability.

Balance Sheet and Reserves

As of March 31, 2026, the company’s total assets stood at ₹2,228 lakh, marginally down from ₹2,238 lakh in the previous year. Non-current investments accounted for the bulk of assets at ₹2,202 lakh. Short-term borrowings increased to ₹297 lakh from ₹277 lakh, secured against investments held by the company.

The board did not recommend a dividend for FY26, citing limited profits. Instead, ₹21 lakh was transferred to the statutory reserve as required under Section 45-IC of the RBI Act, and ₹50 lakh was moved to the general reserve. The debt-equity ratio improved slightly to 0.16 times from 0.14 times.

Corporate Governance

The 40th Annual General Meeting is scheduled for September 28, 2026, to be conducted via video conference. Shareholders will vote on the re-appointment of directors Aryan Rajesh Poddar and Rhea Dinesh Poddar, who retire by rotation. The company has appointed Sanjay Raja Jain & Co. as statutory auditors and Sandeep Dar & Co. for secretarial audit, both of whom issued clean reports without qualifications.

Ashirwad Capital Limited board of directors approved the notice for its 40th Annual General Meeting (AGM) on August 21, 2026. The meeting is scheduled for September 28, 2026.

The company will conduct the AGM through Video Conferencing or Other Audio-Visual Means. This format applies to the financial year ended March 31, 2026.

Corporate Action Details

The Board also approved the closure of the Register of Members and Share Transfer Books. The closure period runs from September 22, 2026, to September 28, 2026, both days inclusive.

The cutoff date for determining members entitled to vote via remote e-voting is September 21, 2026. Shareholders must be on record by this date to exercise voting rights.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 3:00 pm and concluded at 3:45 pm at the company's registered office in Mumbai.

The Board also approved the Board's Report for the financial year 2025-26.