Avonmore Capital & Management Services returned to profitability in Q1FY26, reporting a consolidated net profit of ₹11.39 crore, a substantial improvement over the net loss of ₹9.52 crore recorded in Q4FY26. The company’s total income from operations climbed to ₹49.52 crore, up from ₹36.32 crore in Q1FY25, driven by stronger business performance across its portfolio. This result marks a clear reversal from the previous quarter’s deficit, signaling stabilised operations and improved cost management.

The financial results were approved by the Board of Directors on July 31, 2026, and filed with the stock exchanges pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The figures are unaudited and prepared in accordance with Ind AS as prescribed under Section 133 of the Companies Act, 2013. The consolidated results include contributions from associate company M's Premier Green Innovations Private Limited and joint ventures AGICL & AGSL WASH JV, Almondz Global Infra-Consultant JV with Ayoleeza Consultants, and Ayoleeza Consultants Private Limited.

Financial Performance Highlights

On a standalone basis, the company reported a modest net profit of ₹24 lakh for Q1FY26, compared to a loss of ₹63 lakh in Q4FY26 and a profit of ₹77 lakh in Q1FY25. Standalone income from operations stood at ₹23.30 lakh, down from ₹25.80 lakh in the previous quarter but higher than the ₹30.70 lakh recorded in Q1FY25. The divergence between consolidated and standalone performance highlights the significant contribution of subsidiaries and joint ventures to the group’s overall profitability.

What the Numbers Show

The most notable aspect of Q1FY26 is the sharp swing from a consolidated net loss of ₹9.52 crore in Q4FY26 to a profit of ₹11.39 crore in the current quarter. This turnaround suggests that the losses incurred in the preceding quarter were likely due to one-time or seasonal factors rather than structural issues. Additionally, while total income decreased slightly from Q4FY26 (₹61.79 crore) to Q1FY26 (₹49.52 crore), profitability improved dramatically, indicating better margin control or reduced exceptional expenses. Investors should monitor whether this margin expansion is sustainable as revenue trends evolve in subsequent quarters.

The Board of Directors of Avonmore Capital & Management Services Limited convened a meeting on Friday, July 31, 2026, commencing at 12:30 p.m. and concluding at 1:35 p.m., at which it approved a Draft Scheme of Amalgamation. The scheme involves the merger of four wholly-owned subsidiaries — referred to as transferor companies — with Avonmore Capital & Management Services Limited as the transferee company, pursuant to Sections 230 to 232 of the Companies Act, 2013 and rules made thereunder. The approval is subject to requisite approvals and consents as may be required.

Entities Involved in the Amalgamation

The scheme encompasses four transferor companies merging into the transferee company. The following table presents the paid-up share capital and standalone turnover for the year ended March 31, 2026, for each entity involved:

Business Profile of the Transferee Company

Avonmore Capital & Management Services Limited is a non-deposit taking Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India as an NBFC — Non-Deposit taking — Non-Systematically Important under Section 45 IA of the Reserve Bank of India Act, 1934. The company is involved in making long-term strategic investments, specifically in group companies and Non-Banking Finance Activities (Non-Deposit). It functions as a primary holding and investment company, focusing on new business opportunities.

Rationale and Key Terms of the Scheme

The transferor companies and the transferee company are entities within the same group. The key details and terms of the proposed amalgamation are outlined below:

• Rationale: The proposed amalgamation is intended to result in simplification of the corporate structure and reduction in cost from more focused operational efforts, rationalization, standardization, and simplification of business processes.
• Share Exchange / Cash Consideration: Since the transferor companies are wholly-owned subsidiaries of the transferee company, no shares of the transferee company shall be allotted in lieu of or in exchange of its holding in the transferor companies. Upon the scheme becoming effective, the entire issued, subscribed, and paid-up share capital of the transferor companies shall stand cancelled and extinguished without any further application, act, or deed.
• Shareholding Pattern: There will be no change in the shareholding pattern of the listed entity pursuant to this Scheme of Amalgamation.
• Related Party Transactions: The transferor companies are wholly-owned subsidiaries and are thus related parties. However, in accordance with General Circular No. 30/2014 dated July 17, 2014 issued by the Ministry of Corporate Affairs, transactions arising out of compromises, arrangements, and amalgamations under specific provisions of the Companies Act, 2013 are not subject to the requirements of Section 188 of the Companies Act, 2013. The scheme is also exempt as per Regulation 23(5)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and from the provisions of SEBI Master Circular No. SEBI/HO/CFD/POD-2/P/CIR/2023/93 dated June 20, 2023.

Regulatory Compliance

The disclosure has been made pursuant to Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company has stated that the scheme is subject to requisite approvals and consents as may be required, and the relevant details have been made available on the company's website.