BampsL Securities Limited held its Thirty First Annual General Meeting on Tuesday, September 29, 2026. The meeting, conducted via video conferencing from 4:00 pm to 4:30 pm, focused on the adoption of financial statements for the year ended March 31, 2026, and key board appointments.

The proceedings were chaired by Managing Director Bhisham Kumar Gupta. The quorum was present throughout the meeting, and the statutory auditors, M/s G.C Aggarwal & Associates, were represented by an authorized representative. Internal auditors were represented by Manoj Kumar Gupta.

Resolutions passed

Shareholders approved two ordinary resolutions and one special resolution during the session. Remote e-voting facilities were provided pursuant to Section 108 of the Companies Act, 2013, with voting windows open from September 26 to September 28, 2026.

Director reappointments

Sheela Gupta retired by rotation and was re-appointed following her eligibility confirmation. Separately, Sachin Singhal was re-appointed as an Independent Director for a second term of five consecutive years. This term is effective from June 19, 2026, in compliance with Sections 149 and 152 of the Companies Act, 2013.

The meeting also allowed members to inspect registers of members, directors, and director shareholding, alongside the Board and Auditor reports.

Bampsl Securities reported a 70% year-on-year decline in net profit for FY26, driven by a significant provision for bad debts that offset growth in interest income.

The NBFC posted a net profit of ₹40.07 lakh for the financial year ended March 31, 2026, compared to ₹135.10 lakh in FY25. While total revenue rose 4.6% to ₹2,522.47 lakh, operating expenses surged 10.4% to ₹2,461.02 lakh, compressing the gross profit margin significantly.

Financial Performance

Revenue from operations increased from ₹2,361.86 lakh in FY25 to ₹2,522.45 lakh in FY26. This growth was primarily fueled by a sharp rise in interest income, which jumped to ₹348.66 lakh from ₹18.86 lakh in the previous year. Conversely, sales of stock-in-trade declined 7.2% to ₹2,173.79 lakh.

Other income fell drastically to ₹0.02 lakh from ₹48.55 lakh in FY25, as the company recorded no recovery of bad debts this year compared to ₹48.53 lakh in the prior period.

What the Numbers Show

A critical divergence exists between top-line growth and bottom-line profitability. Although revenue expanded, the company booked a ₹250 lakh provision for bad debts under other expenses in FY26, whereas no such provision was made in FY25. This single expense item alone exceeded the gross profit for the year (₹61.45 lakh), directly causing the sharp contraction in net earnings despite higher interest yields.

Balance Sheet and Governance

Total assets remained relatively stable at ₹4,005.30 lakh, with long-term loans and advances increasing slightly to ₹3,258.13 lakh. Trade receivables rose 38.4% to ₹390.82 lakh, indicating an expansion in credit exposure. The board recommended no dividend for FY26, citing liquidity needs for business expansion plans.

The company will hold its 31st Annual General Meeting on September 29, 2026, via video conferencing. Shareholders will vote on the reappointment of Ms. Sheela Gupta and Mr. Sachin Singhal as directors.