Dharani Finance Limited has scheduled its 36th Annual General Meeting for September 23, 2026. The meeting will commence at 11:00 am and will be conducted through video conferencing or other audio-visual means.

Meeting Details

The company notified the Bombay Stock Exchange on August 29, 2026, regarding the upcoming shareholder meeting. In compliance with Regulation 36(1)(b) of the SEBI (LODR) Regulations, 2015, the company issued a notice to shareholders who do not have registered email addresses.

Shareholders with registered email IDs received the notice of the AGM and the Annual Report for the financial year 2025-26 electronically. For those without registered emails, the company provided a web link to access these documents on its official website.

Key Dates and Logistics

The record date for determining eligibility to attend the meeting was August 21, 2026. Murugavel Ramasamy, the Managing Director, signed the intimation letter to the exchange.

Investor Guidance

The company urged shareholders to update their KYC details if missing. Forms for updating records are available on the company's website and that of its Registrar and Transfer Agent, Cameo Corporate Services Limited.

Investors seeking clarification can use the WISDOM portal developed by Cameo Corporate Services Limited for redressal of queries.

Dharani Finance reported a 33.8% year-on-year decline in net profit after tax (PAT) to ₹55.46 lakh for the fiscal year ended March 31, 2026. The Chennai-based NBFC scheduled its 36th Annual General Meeting for September 23, 2026.

The decline in profitability coincided with a contraction in core operating income. Total revenue from operations fell 1.8% to ₹139.81 lakh from ₹142.43 lakh in FY25. Interest income, the primary revenue driver, decreased by ₹3.19 lakh to ₹78.99 lakh, offsetting a marginal rise in lease income which stood at ₹51.65 lakh.

Financial Performance

The company’s profit before tax dropped 4.1% to ₹81.07 lakh from ₹84.54 lakh in the previous fiscal. While employee benefit expenses rose significantly to ₹21.60 lakh from ₹16.91 lakh, other administrative expenses declined to ₹22.41 lakh from ₹25.57 lakh.

The sharp divergence between pre-tax profit and net profit was driven by tax provisions. Current tax expense increased to ₹19.28 lakh from ₹17.85 lakh. More critically, deferred tax moved from a credit of ₹17.10 lakh in FY25 to a charge of ₹6.33 lakh in FY26, reflecting changes in temporary differences related to asset valuations.

Balance Sheet & Audit Qualification

Total assets expanded to ₹1,124.24 lakh from ₹1,018.78 lakh, largely due to an increase in loans given, which rose to ₹896.00 lakh from ₹838.44 lakh. The loan book is heavily concentrated in related-party exposures, which account for 63.39% of total credit exposure.

Statutory auditors Srivatsan & Associates issued a qualified opinion on the financial statements. The qualification centers on an inter-corporate deposit (ICD) of ₹200 lakh made to M/s. Aryav Exports Private Limited in July 2017, for which no interest has been accrued or received since. The auditors noted that if a provision were made for this outstanding balance, the company’s net owned funds would fall below the limits prescribed under Section 45-IA of the RBI Act. This casts significant doubt on the company’s ability to continue as a going concern without further capital infusion.

What the Numbers Show

The financial data reveals a structural dependency on related-party transactions that poses regulatory risk. With ₹568 lakh in loans extended to related parties constituting nearly two-thirds of the loan book, the NBFC’s asset quality is intrinsically linked to the performance of its promoter group entities. This concentration amplifies the impact of the auditor’s qualification regarding the Aryav Exports ICD, as the potential write-down directly threatens the minimum capital requirements needed to maintain its RBI registration.

Corporate Actions

The Board did not recommend any dividend for FY26, opting to retain earnings to fund future investments and strengthen the capital base. Mrs. Visalakshi Periasamy retires by rotation at the upcoming AGM and offers herself for re-appointment as a director.

Shareholders holding equity shares as on the book closure period from September 17, 2026, to September 23, 2026, will be eligible to attend the meeting.