Asia Capital Limited held its Board of Directors meeting on Monday, August 24, 2026, to approve corporate governance appointments and finalize logistics for its upcoming Annual General Meeting (AGM). The Board also sought shareholder approval for a significant borrowing facility and released its audited financial results for FY26.

The session began at 12:00 pm and concluded at 1:00 pm at the company’s registered office in Vile Parle (West), Mumbai.

Key Outcomes

The Board transacted several key matters during the session:

• AGM Date Fixed: The 42nd Annual General Meeting is scheduled for Saturday, September 19, 2026, at 9:00 am IST.
• Secretarial Auditor Appointed: Mr. Anand Khandelia, Practicing Company Secretary, was appointed as Secretarial Auditor for a five-year term commencing from FY27 till FY31.
• Director's Report Approved: The Board approved the Director's Report along with annexures, including the Corporate Governance Report, Secretarial Audit Report, and Compliance Certificates for the year ended March 31, 2026.
• Borrowings Approval: The Board approved borrowings exceeding the aggregate of paid-up capital and free reserves, with a ceiling of ₹100 crore at any one point in time. This requires shareholder approval via a special resolution under Section 180(1)(c) of the Companies Act, 2013.
• E-Voting Scrutinizer: Sanjay Kumar Lalit, Advocate, was appointed as scrutinizer for the e-voting process.
• Director Re-appointment: Mr. Devendrasingh Ramola retires by rotation and is eligible for re-appointment as a Director.

Financial Performance for FY26

Asia Capital Limited reported a net profit after tax of ₹13.58 lakh for the financial year ended March 31, 2026, down from ₹30.02 lakh in the previous year. Gross income fell to ₹43.67 lakh from ₹58.29 lakh in FY25. The company transferred ₹2.71 lakh to the Special Reserve (RBI) as required under Section 45-IC of the RBI Act, 1934.

Share Transfer Closure and E-Voting

The Register of Members & Share Transfer Books will remain closed from September 12, 2026, to September 19, 2026 (both days inclusive) for the purpose of the AGM. The cut-off date to record entitlement for voting is Friday, September 11, 2026.

The Board also finalized the dates for e-voting through the NSDL E-Voting Platform:

Annual Report Dispatch and Shareholder Communication

On August 25, 2026, the company intimated the BSE Limited that it has dispatched letters to shareholders who have not registered email addresses with the company, its Registrar and Transfer Agent (RTA), or their Depository Participants. These letters provide web links to access the Annual Report for FY26 and the Notice of the 42nd AGM.

In support of the Green Initiative, the Notice of the AGM and Annual Report are being sent electronically to shareholders with registered email addresses. Shareholders without registered emails can access these documents via the company website, BSE website, or NSDL e-voting platform. The company requested shareholders to update their KYC details, including PAN, email address, and mobile number, with their respective Depository Participants to ensure timely receipt of corporate communications.

For assistance regarding shareholding, shareholders may contact the RTA, M/s Indus Shareshree Private Limited.

The notice was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Prateek Sharma, Company Secretary and Compliance Officer, signed the communication.

Asia Capital Limited reported a net profit after tax (PAT) of ₹4.42 crore for the quarter ended June 30, 2026 (Q1FY27), marking a 418% year-on-year increase from ₹0.85 crore in the corresponding period of the previous year. The surge was primarily driven by a 403% jump in interest income to ₹8.91 crore. The Board of Directors approved the unaudited financial results on August 06, 2026, following a limited review by statutory auditors Shankarlal Jain & Associates LLP. The filing was made in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant circulars from BSE and NSE.

The company's total income rose 92% to ₹10.10 crore, while total expenses remained stable at ₹4.18 crore. This financial update coincides with the appointment of Mr. Anand Khandelia as Secretarial Auditor to fill a casual vacancy, reinforcing the company's governance framework during a period of strong financial performance. On August 07, 2026, Asia Capital Limited also published its unaudited financial results in Active Times (English) and Mumbai Lakshadeep (Marathi) newspapers, pursuant to Regulation 30 and 47 of the SEBI (LODR) Regulations, 2015.

Financial Performance Highlights

Interest income emerged as the key growth driver, rising from ₹1.77 crore in Q1FY26 to ₹8.91 crore in Q1FY27. Conversely, other income declined by 66% to ₹1.20 crore from ₹3.49 crore in the previous year. Employee benefit expenses increased to ₹1.93 crore from ₹1.25 crore, while other expenses decreased significantly to ₹2.25 crore from ₹2.88 crore. Depreciation charges were minimal at ₹0.95 thousand. The following table summarises the key financial metrics for the quarter:

Balance Sheet and Cash Flow Position

As of June 30, 2026, Asia Capital Limited's total assets stood at ₹533.58 crore, compared to ₹531.63 crore as of March 31, 2026. Cash and cash equivalents totaled ₹236.09 crore, comprising ₹234.15 crore in other bank balances and ₹1.94 crore in cash and equivalents. The company remains debt-free, with no borrowings recorded. Equity share capital remained unchanged at ₹309.20 crore, while other equity increased to ₹223.03 crore from ₹218.61 crore.

The cash flow statement revealed that operating activities generated ₹30.33 crore in cash for the quarter. Investing activities showed no cash outflow, and financing activities were nil. The net increase in cash and cash equivalents for the quarter was ₹30.33 crore. For the full year ended March 31, 2026, operating cash flows had been negative at ₹-254.09 crore, largely due to a decrease in short-term loans and advances.

Key Takeaways

The dramatic rise in net profit is almost entirely attributable to higher interest income, suggesting effective deployment of the company's substantial cash reserves. With ₹236.09 crore in cash and no debt, Asia Capital Limited is in a strong liquidity position. The stability in total expenses despite the revenue surge indicates operational efficiency. The simultaneous focus on governance, evidenced by the new secretarial auditor appointment, underscores management's commitment to regulatory compliance alongside financial growth.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE131Q01011/d4ad37a7-b508-417a-933c-f68f0c373dd7.pdf