Avon Mercantile Limited has disclosed its shareholding pattern for the quarter ended June 30, 2026, revealing that public shareholders hold the majority stake in the company. The total equity share capital stands at 7,477,390 shares, with the public holding 73.79% and promoters retaining 26.21%.

The filing, submitted to the Bombay Stock Exchange, confirms that the listed entity has no outstanding partly paid-up shares, convertible securities, warrants, or employee stock options (ESOPs). Additionally, the company reported that no shares held by promoters are encumbered under pledge, non-disposal undertaking, or other categories. The document also notes the presence of a significant beneficial owner.

Shareholding Breakdown

The shareholding distribution indicates a concentration of ownership among specific bodies corporate within the promoter group and a broad base of public shareholders. The following table details the category-wise holding:

Promoter and Public Details

Within the promoter group, Smart Bharat Private Limited and Oasis Cineplex Private Limited are the major shareholders, holding 19.67% and 6.54% of the equity respectively. The remaining promoter holding is distributed among seven individuals, each holding 10 shares. The company noted that the PAN details for these individual promoters are not available or updated with the company, resulting in their physical share certificates being kept under lock-in or stop transfer until the details are submitted.

Public shareholding is primarily categorized under "Any Other," which accounts for 66.62% of the total equity held by 185 shareholders. Resident individuals holding up to ₹2 lakhs comprise 6.77% of the public shareholding, while those holding more than ₹2 lakhs account for 0.4%.

Significant Beneficial Ownership

The disclosure identified two significant beneficial owners associated with Smart Bharat Private Limited. Dr. Bhupendra Kumar Modi holds 13.82% of the shares, while Dilip Kumar Modi holds 6.44% through the registered owner.

Avon Mercantile Limited has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the outcomes during a meeting held on May 20, 2026. The company reported a significant turnaround in its financial performance for the fiscal year, returning to profitability compared to the previous year. In accordance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published these audited financial results in the Financial Express and Jansatta newspapers on May 21, 2026.

Financial Performance Overview

For the year ended March 31, 2026, Avon Mercantile Limited posted a net profit of ₹91.62 lakh. This marks a reversal from the net loss of ₹1.41 lakh recorded in the previous fiscal year ended March 31, 2025. Total income for the year rose to ₹485.62 lakh, up from ₹256.95 lakh in the prior year. Revenue from operations, primarily driven by interest income, increased to ₹484.21 lakh from ₹255.22 lakh.

Quarterly Results

In the quarter ended March 31, 2026, the company reported a net profit of ₹26.47 lakh. This compares to a net loss of ₹0.95 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter stood at ₹123.84 lakh, compared to ₹102.86 lakh in the same period last year. Total expenses for the quarter were managed at ₹98.78 lakh, slightly lower than the ₹103.81 lakh reported in the corresponding quarter of the previous year.

Key Metrics and Segment Information

The company operates as a single segment loan company. Earnings per equity share (basic and diluted) for the year ended March 31, 2026, were recorded at ₹1.23, improving from a loss of ₹0.02 per share in the previous year. For the quarter ended March 31, 2026, earnings per share were ₹0.35. The independent auditors, Gupta Garg & Agarwal, have provided an unqualified opinion on the financial results, confirming they are presented in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Position

As of March 31, 2026, the company's total assets stood at ₹4,570.66 lakh, an increase from ₹3,973.15 lakh in the previous year. Borrowings amounted to ₹3,599.75 lakh, while equity share capital remained unchanged at ₹747.74 lakh. Cash and cash equivalents improved to ₹10.75 lakh as of March 31, 2026, compared to ₹6.18 lakh a year earlier.