CSL Finance Limited recorded a 24% year-on-year increase in its on-book portfolio, reaching ₹1,596 crore as of September 30, 2026. The NBFC’s disbursements for the quarter stood at ₹384 crore, reflecting sustained demand across its lending segments.

The company maintained a robust liquidity position with a surplus of approximately ₹277 crore. This includes undrawn sanctions worth ₹210 crore, of which ₹90 crore is allocated to NCD funding. The strong capital base is evidenced by a Capital Adequacy Ratio (CAR) of approximately 41%.

Portfolio and Disbursement Trends

The growth in the on-book portfolio contrasts with a contraction in the Direct Assignment segment. The following table summarizes the key operational metrics for the quarter ended September 30, 2026:

Fresh sanctions totaling ₹285.50 crore were received from eleven lenders, including one new partner, Anand Rathi Global Finance Limited. Additionally, the company secured a co-lending sanction of ₹100 crore from SIDBI specifically for the SME segment.

Portfolio Mix and Network

The portfolio composition remained largely stable, shifting slightly to 72:28 between Wholesale Small Loan (WSL) and SME segments as of September 2026, compared to 70:30 in June 2026. The company operated through 37 branches with a workforce of 439 employees.

What the Numbers Show

A divergence exists between the overall portfolio expansion and the Direct Assignment book. While the core on-book portfolio grew by 24%, the Direct Assignment portfolio contracted significantly from ₹88 crore to ₹51 crore. This suggests a strategic shift or reduced reliance on assignment-based liquidity, potentially offset by the new co-lending facility from SIDBI and increased direct disbursements of ₹384 crore against collections of ₹321 crore. The net positive spread between disbursements and collections supports the observed portfolio growth.

CSL Finance shareholders ratified all six resolutions proposed at the company's 34th Annual General Meeting held on September 19, 2026. The approvals included the re-appointment of Rohit Gupta as Managing Director for a five-year term effective August 10, 2027, and the declaration of a final dividend.

The meeting, conducted via video conference and concluded at 1:31 pm, saw the adoption of audited financial statements for FY26. Company Secretary Preeti Gupta confirmed that 125 members were present via VC, satisfying the quorum requirement under the Companies Act, 2013 and SEBI Listing Regulations. The scrutinizer’s report was submitted to exchanges on September 22, 2026.

Key Resolutions Passed

Shareholders voted on six ordinary resolutions and one special resolution. The approvals included the re-appointment of key management personnel and alterations to the Articles of Association. The voting results indicate strong support for management decisions, with minimal dissent recorded across all items.

Voting Details and Scrutinizer Report

The e-voting process was administered by NSDL, with M/s. Jasvinder Kaur & Co., Company Secretaries, serving as the Scrutinizer. The report confirms that no invalid votes were cast for any resolution. For the re-appointment of Rohit Gupta, promoters abstained from voting due to their interest in the matter, while public shareholders voted overwhelmingly in favor.

Managing Director Profile and Term

Rohit Gupta (DIN: 00045077) will serve as Managing Director from August 10, 2027, to August 9, 2032. He is a qualified Chartered Accountant with over two decades of experience in merchant banking, corporate finance, financial restructuring, project finance, capital markets, and structured lending.

Gupta has advised several small and mid-size organizations on turnaround and growth strategies, helping them raise equity and debt through various instruments. He is credited as the prime driving force behind CSL Finance's structured lending model and its foray into SME lending. Additionally, he holds a directorship in CSL Capital Private Limited.

Governance and Relationships

The disclosure notes that Rohit Gupta and Whole Time Director Rachita Gupta are related, being father and daughter. The company confirmed that Gupta is not debarred from holding the office of Director by any order of SEBI or other authorities.

The following board members and senior management attended the meeting:

• Rohit Gupta, Managing Director
• Rachita Gupta, Whole Time Director
• Ashok Kumar Kathuria, Director
• Parmod Bindal, Independent Director
• Anirudha Kumar, Independent Director
• Subhash Chand Kwatra, Independent Director
• Alaktika Banerjee, Independent Director
• Atul Agrawal, President-Finance & Treasury
• Naresh Chandra Varshney, Chief Financial Officer
• Ayuss Mittaal, President-Internal Audit

What the Numbers Show

The voting pattern reveals a clear distinction between resolutions where promoters had an interest and those where they did not. For the re-appointment of directors (Guptas) and material related party transactions with CSL Capital Private Limited, promoter votes were excluded from the tally. Consequently, these resolutions passed solely on the basis of public shareholder votes, which constituted approximately 10.55% of the total outstanding shares polled. In contrast, non-related party matters like the adoption of financial statements and dividend declaration saw near-total participation from both promoter and public categories, resulting in over 54% of outstanding shares being polled.