Easy Fincorp Limited reported a net loss of ₹17.67 lakh for the financial year ended March 31, 2026 (FY26), widening from a loss of ₹10.76 lakh in FY25. The Kolkata-based investment company recorded total income of ₹9.56 lakh, down slightly from ₹9.66 lakh in the prior year, as operating revenues remained nil. Rising finance costs and employee benefit expenses drove the increase in losses, impacting the company’s equity position.

The Board of Directors submitted the annual report pursuant to Regulations 30 and 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory auditors M/s Ray & Ray expressed an unmodified opinion on the financial statements. The company’s 41st Annual General Meeting is scheduled for September 28, 2026, at its registered office in Kolkata.

Financial Performance

Total expenses increased to ₹31.18 lakh in FY26 from ₹27.35 lakh in FY25. Finance costs rose to ₹15.69 lakh from ₹14.55 lakh, primarily due to interest on preference share financial liabilities. Employee benefit expenses also climbed to ₹6.51 lakh from ₹4.73 lakh. Other expenses stood at ₹8.98 lakh.

Basic and diluted earnings per share were negative ₹7.21 in FY26, compared to negative ₹4.39 in FY25. Total comprehensive loss for the year amounted to ₹256.40 lakh, driven by a decrease in fair value of investments through other comprehensive income.

Balance Sheet Highlights

Total assets declined to ₹2,855.00 lakh from ₹3,138.52 lakh in the previous year. Non-current assets, primarily investments in unquoted equity shares of Spotboy Tracom Private Limited, stood at ₹2,708.70 lakh, down from ₹2,987.24 lakh. Current assets totaled ₹146.30 lakh, including cash and cash equivalents of ₹1.53 lakh and bank balances of ₹143.69 lakh.

Equity reduced to ₹2,188.78 lakh from ₹2,445.18 lakh. Borrowings, classified as the liability component of redeemable preference shares, increased to ₹211.87 lakh from ₹196.17 lakh. Deferred tax liabilities stood at ₹452.17 lakh.

What the Numbers Show

The widening loss reflects the structural cost burden relative to minimal income generation. With no operating revenue, the company relies entirely on interest income from fixed deposits (₹9.51 lakh) and other minor sources. However, this income is insufficient to cover finance costs alone, which exceeded total income by ₹6.13 lakh. This dynamic suggests that without significant changes in investment yields or cost structures, the erosion of equity will continue. The return on net worth deteriorated sharply to -72.12% from -43.92% in the prior year.

Governance and Compliance

The Board recommended the reappointment of Mr. Raj Karan Daga as a Non-Executive Non-Independent Director. Ms. Bhawna Agarwal was appointed as an Additional Non-Executive Director earlier in the year. The company disclosed a contingent liability of ₹4.22 lakh related to fines imposed by BSE Limited for alleged non-compliances under SEBI Listing Regulations during historical periods. The company has applied for waivers regarding some of these allegations.

No dividend was declared for FY26. The remote e-voting period for the AGM begins on August 30, 2026, and ends on September 1, 2026.

Easy Fincorp Limited has scheduled its 41st Annual General Meeting (AGM) for Wednesday, September 2, 2026, at 10:00 A.M. (IST). The meeting will be held in physical mode at the company’s registered office in Kolkata, providing shareholders with the opportunity to approve resolutions related to the financial year ended March 31, 2026.

In compliance with Section 108 of the Companies Act, 2013 and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company is enabling remote e-voting for eligible members. Bigshare Services Private Limited has been engaged as the remote e-voting service provider. Shareholders holding shares in dematerialized form as of the cut-off date, August 26, 2026, are eligible to cast their votes electronically.

The schedule for remote e-voting is detailed below:

Members who do not participate in remote e-voting may cast their votes through a ballot or poll during the physical AGM. The Board of Directors has appointed M/s. Altab Kazi & Associates, Practicing Company Secretaries based in Kolkata, as the Scrutinizer to ensure the voting process is conducted fairly and transparently.

The Notice convening the 41st AGM, along with the Annual Report for FY26, is available electronically for members who have registered their email addresses with the company, its Registrar and Share Transfer Agent, or their Depository Participants. For members without registered email addresses, physical intimation letters containing web links to access these documents have been dispatched to their registered postal addresses, in accordance with Regulation 36(1)(b) of the SEBI Listing Regulations.

The Annual Report and AGM Notice are also accessible on the company’s website. This procedural update ensures that all stakeholders are aware of the timeline for exercising their voting rights ahead of the annual meeting.