Promoters Akshat Jain and Avni Jain acquired a combined 151,600 equity shares in Brilliant Portfolios through an off-market transaction on August 25, 2026.

The acquisition increases the promoters' aggregate holding to 17,63,640 shares, representing 56.85% of the total voting capital. The transaction was disclosed to the Bombay Stock Exchange on August 26, 2026, under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, and Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Transaction Details

Akshat Jain purchased 57,800 shares valued at ₹4,88,988, raising his individual stake from 73,600 shares (2.37%) to 1,31,400 shares (4.23%).

Avni Jain acquired 93,800 shares valued at ₹7,93,548, increasing her holding from 73,600 shares (2.37%) to 1,67,400 shares (5.39%).

The total equity share capital of Brilliant Portfolios remains at 31,01,800 equity shares of ₹10 each, fully paid up. There were no changes in pledged shares or voting rights otherwise than by shares.

What the Numbers Show

The promoters' acquisition consolidates their control within the promoter group. Including Persons Acting in Concert (PACs), who hold 14,64,840 shares (47.23%), the promoter group's total stake stands at 56.85%. This indicates a stable ownership structure with no dilution from external investors during this period.

Brilliant Portfolios Limited reported a significant turnaround in profitability for the first quarter of FY27, with net profit surging 94% year-on-year to ₹23.55 lakh. The Non-Banking Financial Company (NBFC) saw its revenue from operations rise 33% to ₹97.08 lakh, driven primarily by an increase in interest income. This performance marks a strong start to the fiscal year, contrasting with the lower profit base of ₹12.12 lakh recorded in the same period last year.

The Board of Directors approved the unaudited financial results on August 12, 2026, in compliance with Regulation 30 and 33 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. The results were reviewed by V.P. Jain & Associates, Chartered Accountants, who issued a limited review report confirming that the statement does not contain any material misstatement and adheres to Indian Accounting Standard 34 (Ind AS 34) and RBI prudential norms applicable to NBFCs.

Financial Performance Highlights

The company’s total income stood at ₹97.29 lakh, up from ₹73.70 lakh in Q1FY26. Interest income, the primary revenue driver, increased to ₹97.68 lakh from ₹73.55 lakh in the corresponding period last year. Other income contributed marginally at ₹0.21 lakh, including interest on fixed deposits and reversals of provisions for standard assets.

Expenses were well-controlled, totaling ₹55.84 lakh, a slight decrease from ₹57.50 lakh in Q1FY26. Fees and commission expenses accounted for the largest share at ₹49.99 lakh, while finance costs remained stable at ₹3.00 lakh. The company incurred a net loss on fair value changes of ₹0.96 lakh, compared to ₹3.84 lakh in the previous year, indicating improved asset valuation dynamics.

What the Numbers Show

The most notable aspect of this quarter’s performance is the divergence between revenue growth and expense management. While revenue grew by over 30%, total expenses declined nearly 3%. This operational efficiency significantly amplified the bottom-line impact, turning a modest top-line gain into a near-doubling of net profits. The reduction in fair value losses further contributed to this margin expansion, suggesting better risk-adjusted returns on the company’s portfolio. With earnings per share rising to ₹0.76 from ₹0.39, shareholders are likely to view this quarter as a positive indicator of the NBFC’s improving operational health.