DhanSafal Finserve Limited has scheduled its 45th Annual General Meeting (AGM) for September 23, 2026. The meeting will address ordinary business, including the adoption of FY26 financial statements, and special business concerning the approval of material related-party transactions.

The company filed its annual report for FY26 and the AGM notice on September 1, 2026, pursuant to Regulation 34(1) of the SEBI (LODR) Regulations, 2015. The event will be conducted exclusively through video conferencing or other audio-visual means (VC/OAVM).

Meeting Logistics

Shareholders can attend the meeting only through the VC/OAVM facility provided by National Securities Depository Limited. No physical attendance is permitted. Members participating remotely will be counted toward the quorum under Section 103 of the Companies Act, 2013.

The e-copy of the AGM notice and the Annual Report for FY26 are available on the company’s website and on the NSDL e-voting portal. Hard copies will not be dispatched unless specifically requested by shareholders.

E-Voting Process

Investors may cast their votes electronically during the remote e-voting period before the AGM or during the meeting itself. The remote e-voting period commences on Sunday, September 20, 2026, at 9:00 am and ends on Tuesday, September 22, 2026, at 5:00 pm.

Members holding shares either in physical form or in dematerialised form as on Wednesday, September 16, 2026 (the cut-off date), are eligible to vote. Detailed instructions for demat and physical shareholders are included in the official notice.

Shareholders holding physical shares must register their email addresses with the Registrar and Share Transfer Agent, Adroit Corporate Services Private Limited. Demat holders should update their contact details through their Depository Participants.

Agenda Items

The AGM will transact the following businesses:

Ordinary Business

1. To receive, consider and adopt the Audited Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon.
2. To appoint a director in place of Mrs. Apeksha Kadam (DIN: 08878724), who retires by rotation and being eligible, offers herself for re-appointment.

Special Business

The primary special business item is the approval of Material Related Party Transactions. Shareholders will be asked to pass a Special Resolution to approve transactions entered into or to be entered into by the Company during FY2026-27 and onwards with related parties on an arm’s length basis.

Related Party Transactions

The resolution seeks approval for inter-corporate loans, deposits, guarantees, securities, and business advances with specific related parties. The monetary values for these arrangements for FY2026-27 and onwards are detailed below:

The nature of relationships is primarily through common directors or promoter group membership. All transactions are intended to be conducted in the ordinary course of business on an arm’s length basis.

Shareholder Communication and KYC Updates

Pursuant to Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has sent letters to shareholders whose email addresses are not registered with the Registrar and Share Transfer Agent or Depository Participant. These letters provide the web link to access the complete details of the Annual Report for the financial year 2025-26 and the Notice of the 45th Annual General Meeting.

The communication is also available on the company’s website at www.dhansafal.com under Investor Relations > Annual Reports > 2025-26.

The company reminds shareholders to update their KYC details pursuant to SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. This circular mandates listed companies to record PAN, address with PIN code, mobile number, bank account details, specimen signature, and nomination choice for security holders holding securities in physical mode.

Security holders holding in physical mode whose folios do not have these details updated shall be eligible to receive any payment, such as dividend, interest, and redemption, only through electronic mode with effect from April 1, 2024.

While updating email addresses is optional, the company encourages shareholders to do so to avail of online services and continue receiving important communications electronically. This initiative supports the Green Initiative.

Formats for choice of Nomination and Updating KYC details, including Forms ISR-1, ISR-2, ISR-3, SH-13, SH-14, and relevant SEBI circulars, are available on the company’s and RTA’s websites.

Dhansafal Finserve reported a net profit of ₹57.97 lakh for the quarter ended June 30, 2026, up from ₹14.93 lakh in the same period of FY25. The Mumbai-based non-banking financial company (NBFC) saw its revenue from operations grow 61% year-on-year to ₹374.32 lakh, driven primarily by higher interest income. Assets under management (AUM) expanded by 59% to ₹8,761 lakh from ₹5,495 lakh in the prior year quarter, reflecting accelerated geographic penetration and disbursement growth.

The Board of Directors approved the unaudited financial results on August 13, 2026. The company also appointed M/s. AHSP & Co. LLP as its Internal Auditor for the financial year 2026-27, a move recommended by the Audit Committee. Additionally, the Board approved convening the 45th Annual General Meeting (AGM) via video conferencing on September 23, 2026, where shareholders will be asked to approve authority for raising funds through private placement if required.

Financial Performance

Interest income, the primary revenue driver, rose to ₹342.59 lakh in Q1FY27 from ₹218.97 lakh in Q1FY25. Fees and commission income also increased to ₹31.73 lakh from ₹12.89 lakh during the same period. Total expenses stood at ₹309.94 lakh, compared to ₹219.46 lakh in the prior year quarter, with employee benefit expenses remaining relatively stable at ₹152.39 lakh. EBITDA surged 343% to ₹185 lakh from ₹42 lakh in the previous year.

The company’s basic earnings per share (EPS) were ₹0.03 for the quarter, unchanged from the previous year’s quarter but up from ₹0.02 in Q4FY26. Tax expenses for the quarter totaled ₹20.39 lakh, comprising current tax provisions.

What the Numbers Show

While revenue growth was robust at over 60%, expense growth at 41% lagged behind, indicating improved operating leverage. Interest income constituted approximately 91% of total revenue from operations, highlighting the company’s continued reliance on lending activities rather than fee-based services. The significant jump in profit before tax (335%) compared to revenue growth (61%) suggests that fixed costs such as employee benefits and depreciation did not scale proportionately with top-line growth. The surge in EBITDA (343%) outpaced PAT growth (288%), indicating a slight increase in effective tax burden or other non-operating adjustments relative to operational profits.

Balance Sheet and Regulatory Metrics

As per SEBI disclosures, Dhansafal Finserve maintained a debt-to-equity ratio of 0.43. The net worth of the company stood at ₹6,705.25 lakh. Key regulatory metrics for the NBFC include:

• Gross Non-Performing Assets (GNPA): 2.24%
• Net Non-Performing Assets (NNPA): 2.02%
• Capital to Risk-Weighted Assets Ratio (CRAR): 61.37%

The company disclosed two active co-lending arrangement (CLA) partners with a gross principal outstanding of ₹969.74 lakh as of June 30, 2026. These loans, primarily in the Loan Against Property sector, carried a weighted average interest rate of 18.00%, with no non-performing assets reported under these arrangements.

Business Operations and Expansion

Dhansafal Finserve is strategically positioned between the organized banking sector and local money lenders, offering retail financial services with a growing focus on MSME lending. The company’s product portfolio includes Safal Udyog Loans for short-term capital needs, Safal Sampati Loans for property-backed financing, and Safal MSME Loans.

Geographically, the company has expanded its presence from four branches across two states to nine branches across four states: Maharashtra, Madhya Pradesh, Rajasthan, and Uttar Pradesh. Maharashtra accounted for 54% of state-wise disbursements, followed by Madhya Pradesh at 34%, Rajasthan at 10%, and Uttar Pradesh at 2%. Total gross disbursement reached ₹98 crore, with a principal outstanding amount of ₹87 crore across 753 active loan accounts (681 direct and 72 co-lending).

Management Outlook

Ankur Agrawal, Chairperson and Managing Director, stated that the company began FY27 on a strong note with robust growth across key parameters. He highlighted that portfolio outstanding stood at approximately ₹87 crore as of June 30, 2026, reflecting approximately 91% year-on-year growth. Agrawal emphasized the company’s focus on scaling operations while maintaining disciplined portfolio management and prudent risk practices.

Looking ahead, Dhansafal Finserve outlined six strategic pillars for growth: accelerated geographic penetration into Tier 2 and Tier 3 cities; expanding co-lending and institutional tie-ups to boost disbursement capacity; strengthening digital lending and smart underwriting through mobile-first onboarding; introducing short-tenure loan products; diversifying the liability mix across NCDs and term loans to reduce cost of funds; and developing targeted products for women-led and rural MSMEs.

Corporate Actions

The trading window for securities of the company will open on August 16, 2026, following the conclusion of the board meeting. The statutory auditors, M/s. A R C K & Co., Chartered Accountants, issued a limited review report stating that nothing came to their attention to cause them to believe the financial results contained material misstatements.