Daulat Securities has announced that the book closure for its equity shares will be from September 11, 2026, to September 14, 2026. Shareholders registered in the company’s records during this period will be eligible to attend and vote at the upcoming Annual General Meeting (AGM). The announcement outlines detailed login procedures for e-voting via CDSL and NSDL depositories, ensuring remote participation for individual shareholders holding securities in demat mode.

The corporate action follows the company's disclosure of its financial results for the fiscal year ended March 31, 2026. Daulat Securities reported a net profit of ₹174.6 lakh for FY26, marking a sharp decline from the ₹16.18 crore profit recorded in FY25. The Kolkata-based share broking firm posted a loss before tax of ₹19.6 crore, reversing the profit before tax of ₹15.9 crore achieved in the prior year. The Board of Directors approved the standalone financial statements on May 29, 2026.

Financial Performance

The company’s total income for FY26 stood at ₹50.1 lakh, down significantly from ₹29.2 crore in FY25. This contraction was driven by a reversal in operating revenues and a decline in other income. Revenue from operations turned negative at ₹-14.28 crore, compared to positive revenue of ₹16.63 crore in FY25.

Other income contributed ₹65.19 lakh in FY26, down from ₹12.63 crore in FY25. Interest income on financial assets carried at cost was ₹24.23 lakh, while income from the sale of investments amounted to ₹21.36 lakh. Total expenses decreased slightly to ₹61.9 lakh from ₹68.3 lakh in the previous year.

Balance Sheet Position

As on March 31, 2026, total assets stood at ₹210.96 crore, compared to ₹234.8 crore as on March 31, 2025. Non-current assets included investments valued at ₹88.74 crore and property, plant, and equipment worth ₹77.66 crore. Current assets comprised trade receivables of ₹39.96 crore and cash and cash equivalents of ₹1.99 crore.

Total equity remained robust at ₹193.34 crore, comprising share capital of ₹50.00 crore and other equity reserves of ₹143.34 crore. The company reported no long-term borrowings or current liabilities related to bank loans. Trade payables stood at ₹98.05 lakh, while other current liabilities were ₹60.84 lakh.

What the Numbers Show

A critical observation from the filing is the divergence between operational performance and bottom-line profitability. While revenue from operations turned negative at ₹-14.28 crore, the company still reported a net profit of ₹174.6 lakh. This outcome was primarily driven by deferred tax benefits. The tax expense line shows a deferred tax credit of ₹17.70 lakh against a current tax provision of nil, effectively offsetting a portion of the pre-tax loss. Without this non-operational tax benefit, the net loss would have been significantly higher, highlighting that the core broking business faced substantial margin pressure during the period.

Auditor Observations

P. D. Randar & Co., the statutory auditors, issued an unqualified opinion on the standalone financial statements. However, they noted a reservation regarding internal controls, stating that the company has not used accounting software with an audit trail facility during the year. The auditors also highlighted that the company incurred cash losses during the financial year but had not incurred losses in the immediately preceding year.

Daulat Securities Limited reported robust financial performance for the first quarter of FY27, with revenue from operations rising 67% year-on-year to ₹246.30 lakh. The Kolkata-based share broking and depository services firm saw its net profit surge by 73% to ₹226.97 lakh, reflecting strong top-line growth and effective cost management.

The results were approved by the Board of Directors on August 14, 2026. Statutory auditors M/s L. P. D. G. and Company carried out the audit of the unaudited financial results.

Financial Highlights

Revenue from operations more than doubled compared to the same quarter last year, growing from ₹148.10 lakh to ₹246.30 lakh. However, other income declined by 45% to ₹3.22 lakh from ₹5.90 lakh in Q1FY26. Despite this drop in non-operating income, total income expanded by 58% to ₹254.49 lakh.

Expenses contracted significantly, falling 25% to ₹22.57 lakh from ₹30.04 lakh in the corresponding period last year. Employee benefits expense remained relatively stable at ₹11.45 lakh, while finance costs decreased to ₹6.57 lakh from ₹7.75 lakh. Depreciation and amortization expense stood at ₹6.56 lakh.

What the Numbers Show

The divergence between revenue growth and expense contraction highlights improved operational leverage. While revenue grew by over 66%, total expenses fell by nearly 25%, resulting in a pre-tax profit margin expansion from approximately 81% in Q1FY26 to roughly 89% in Q1FY27. This indicates that the company is generating significantly higher returns on each rupee of revenue without a proportional increase in operational costs.

Earnings per share (basic) rose to ₹4.54 from ₹2.62 in Q1FY26. The company’s paid-up equity share capital remained unchanged at ₹500.00 lakh.

As per the filing, the nature of the capital market is highly competitive, and the quarterly results may not be indicative of likely annual results. The figures for the previous quarter ended March 31, 2026, are balancing figures between audited results for FY26 and unaudited published year-to-date figures up to the third quarter ended December 31, 2025.