DhanSafal Finserve Limited has successfully completed the conversion of 1,25,00,000 share warrants into equity shares through preferential allotment, following a Board of Directors resolution passed by circulation on March 30, 2026. The conversion represents a significant capital expansion for the financial services company, formerly known as Luharuka Media & Infra Limited.

Board Resolution and Regulatory Compliance

The Board of Directors approved the conversion through a circular resolution under reference number DFL/SEC/2025-26/60. The resolution was executed in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Director Ankur Agrawal, with DIN 06408167, digitally signed the official disclosure documents, ensuring proper corporate governance standards.

Share Warrant Conversion Details

The company converted 1,25,00,000 share warrants into an equal number of equity shares with a face value of Rs. 1 each. The company received the remaining 75% payment amounting to Rs. 4,04,06,250 at the rate of Rs. 3.2325 per warrant from the warrant holders. The conversion was executed as a preferential allotment in accordance with SEBI ICDR Regulations 2018 and the Companies Act 2013.

Capital Structure Transformation

The warrant conversion has resulted in a substantial increase in the company's paid-up equity capital. Following the conversion, the company's capital structure has been strengthened, reflecting its growth trajectory and capital expansion strategy.

Investor Participation and Shareholding

Luharuka Exports Private Limited was the sole participant in this warrant conversion exercise. The entity's shareholding position has been significantly strengthened following the conversion, with its stake increasing to 20.13% of the total shareholding.

Corporate Disclosure and Transparency

The newly allotted equity shares rank pari-passu with existing equity shares of the company in all respects, ensuring equal rights and privileges for all shareholders. The company has made all required disclosures available on its website at www.dhansafal.com , maintaining transparency with stakeholders and regulatory authorities. The conversion complies with all applicable regulations including SEBI ICDR Regulations 2018 and the Companies Act 2013.

DhanSafal Finserve Limited , formerly known as Luharuka Media & Infra Limited, announced strong financial and operational results for the quarter ended December 31, 2025. The Reserve Bank of India-registered Non-Banking Financial Company reported exceptional growth across key performance metrics, driven by sustained demand for secured retail MSME loans and disciplined underwriting standards.

Financial Performance Highlights

The company delivered robust financial performance during Q3 FY26, with significant growth across all major metrics compared to the corresponding period in the previous year.

Assets Under Management reached ₹80.46 crore, reflecting exceptional 141% growth from ₹33.20 crore in the previous year. This substantial increase was driven by strong demand for secured Loans Against Property among MSMEs, traders, and self-employed borrowers. Revenue from operations demonstrated remarkable growth of 185%, rising to ₹8.59 crore from ₹3.01 crore, supported by portfolio expansion and improved yields.

Operational Expansion and Market Presence

DhanSafal Finserve has established a strong operational footprint across four key states, demonstrating strategic market expansion. The company operates from nine strategic locations spanning Maharashtra, Rajasthan, Madhya Pradesh, and Uttar Pradesh.

The company now serves over 700 active customers, predominantly from the MSME and retail self-employed segments. Loan disbursements increased significantly during the period, reflecting strong customer demand and efficient operational execution across its network.

Strategic Growth Initiatives

The management has outlined comprehensive growth strategies focused on expansion, technology enhancement, and market penetration. Key strategic priorities include:

• Expanding the branch network to key upcoming locations
• Launching smaller-ticket and tenure loan products for mass-market customer segments
• Advancing Loan Origination System and Loan Management System automation
• Strengthening the capital base with greater focus on debt financing
• Enhancing brand visibility and marketing efforts to attract quality leads

Company Profile and Market Position

DhanSafal Finserve Limited positions itself strategically between organized banking institutions and informal lenders, providing accessible, transparent, and customer-centric credit solutions. The company specializes in retail financial services with strong focus on MSME lending, including Loans Against Property for business expansion and working capital requirements. Through ethical practices, innovative digital platforms, and customer-first approach, the company aims to promote financial inclusion and economic empowerment across India.