Banas Finance Limited reported a standalone net profit of ₹66.25 crore for the fiscal year ended March 31, 2026, marking a significant turnaround from the net loss of ₹59.84 crore recorded in FY25. The company’s total revenue increased by 36.8% year-on-year to ₹594.97 crore, reflecting robust performance across its core finance activities and share trading segments.

The Mumbai-based non-banking financial company (NBFC) scheduled its 43rd Annual General Meeting (AGM) for September 24, 2026, to adopt these financial results. The meeting will also address key governance matters, including the reappointment of directors and approval of related party transactions.

Financial Performance Highlights

The company's operational revenue stood at ₹572.32 crore, up from ₹432.27 crore in the previous year. This growth was primarily driven by income from finance activities, which surged to ₹221.08 crore from ₹79.97 crore in FY25. Income from share trading remained stable at ₹351.24 crore.

Other income contributed ₹22.65 crore to the total revenue, a sharp increase from ₹2.55 crore in FY25. This boost was largely due to a profit on the sale of investments amounting to ₹18.27 crore. The company recorded a profit before tax of ₹123.99 crore, compared to a loss before tax of ₹175.91 crore in the prior year.

Balance Sheet and Capital Structure

As of March 31, 2026, Banas Finance’s total assets decreased to ₹1,361.66 crore from ₹1,707.62 crore in FY25. This reduction was driven by a decline in investments, which fell to ₹976.47 crore from ₹1,249.83 crore. Cash and cash equivalents also declined to ₹25.51 crore from ₹46.07 crore.

The company’s equity share capital remained unchanged at ₹895.78 crore. However, the authorized share capital was increased during the year from ₹103.30 crore to ₹203.30 crore. Borrowings decreased marginally to ₹5.87 crore from ₹8.60 crore. The net owned fund for the NBFC was reported at ₹656.68 crore.

Corporate Governance and AGM Agenda

The AGM will convene via Video Conferencing or Other Audio Visual Means. Shareholders will vote on the adoption of the Standalone and Consolidated Audited Financial Statements for FY26. Key resolutions include:

• Reappointment of Mr. Girraj Kishor Agrawal as a Director.
• Reappointment of Mr. Vikash Kulhriya as an Independent Director for a second term.
• Appointment of M/s Jay Bhatt & Associates as Secretarial Auditor for five years.
• Approval of related party transactions with entities including Tilak Ventures Limited and Kayaguru Jewels Limited, with borrowing limits capped at ₹5.90 crore per entity.

Remote e-voting will be available from September 21 to September 23, 2026. The cut-off date for voting rights is September 17, 2026.

What the Numbers Show

The turnaround in profitability is largely attributable to improved operational efficiency and gains from investment sales rather than just core lending growth. While finance activity income more than doubled, the significant contribution from other income (₹22.65 crore) indicates that non-operational factors played a crucial role in the bottom-line recovery. The reduction in total assets suggests a consolidation phase or deleveraging strategy, with the company maintaining a healthy net owned fund position relative to its liabilities.

Banas Finance Limited submitted a revised Independent Auditor's Report on its Consolidated Financial Results for the financial year ended 31 March 2026 to BSE following a query regarding a formatting discrepancy. The company stated that the original report did not include the name of the listed entity, a requirement under SEBI Circular No. CIR/CFD/CMD1/80/2019 dated July 19, 2019. The revised report rectifies this omission, though the company confirmed that the audited Consolidated Financial Results approved by the Board on 27 May 2026 remain unchanged.

The Board of Directors, in its meeting held on 27 May 2026, had approved the Audited Standalone and Consolidated Financial Results for the fourth quarter and year ended 31 March 2026. The meeting also noted the resignation of Mr. Amit Mehta from the position of Chief Financial Officer effective 31 March 2026. The statutory auditors, A K Kocchar & Associates, issued an unmodified opinion on the financial results.

For the financial year ended 31 March 2026, Banas Finance reported a Total Revenue From Operations of ₹5,723.158 lakh, compared to ₹4,322.733 lakh in the previous year. The company recorded a Net Profit for the period from continuing operations of ₹662.528 lakh, a turnaround from the net loss of ₹598.366 lakh reported in FY25. The Total Comprehensive Income for the period stood at ₹(3,427.398) lakh for FY26.

The company operates in two business segments: Finance Business Activities and Commodity Trading Business. During the year, the company changed its accounting policy for the classification of certain investments from Fair Value Through Profit or Loss (FVTPL) to Fair Value Through Other Comprehensive Income (FVOCI) in compliance with Ind AS 109. The financial results were reviewed by the Audit Committee and approved by the Board.

The following table summarizes the key financial metrics for the year ended 31 March 2026:

On the balance sheet date, the company's Total Assets stood at ₹13,616.614 lakh, comprising Total Financial Assets of ₹12,085.154 lakh and Total Non-financial Assets of ₹1,531.462 lakh. The Total Equity was recorded at ₹13,553.011 lakh, while Total Financial Liabilities were ₹63.603 lakh. The company reported no investor complaints for the quarter ended 31 March 2026.