Esaar (India) Ltd appointed Mr. Dipesh B. Mistri as its Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective June 10, 2026. The Board of Directors also approved a proposal to raise funds by issuing equity shares on a rights basis for an amount not exceeding ₹6000 lakh. The meeting was convened under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Dipesh B. Mistri brings over 10 years of experience in finance, accounts, taxation, and corporate law. His expertise includes financial planning, budgeting, forecasting, and statutory audits. The appointment was based on the recommendation of the Nomination and Remuneration Committee.

The board approved the Draft Letter of Offer for submission to the Securities and Exchange Board of India (SEBI) and the stock exchanges. A Rights Issue Committee was constituted to oversee the process. The committee includes Bipin Dinesh Varma as Chairman, and Dipti Shashank Yelve and Rajesh Kumar Amarnath Pandey as members.

The rights issue will involve fully paid-up equity shares of face value ₹10 each. The record date for determining eligibility will be intimated separately in accordance with Regulation 42 of the SEBI Listing Regulations. The company also approved the appointment of necessary intermediaries for the issue.

Rights Issue Committee Composition

The trading window for dealing in the company's securities remains closed until 48 hours after the board declares the outcome of the meeting. The information was submitted by Bipin D Varma, Whole-Time Director.

Esaar (India) Ltd returned to profitability for the financial year ended March 31, 2026, reporting a net profit of ₹1,113.69 lakh compared to a loss in the prior year. The company's Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026. The statutory auditor, M/s. B L Dasharda & Associates, Chartered Accountants (Firm Registration No. 112615W), issued an audit report with an unmodified opinion on the results. The results were reviewed and recommended by the Audit Committee prior to board approval.

Financial Performance

Revenue from operations for the year ended March 31, 2026, stood at ₹4,070.88 lakh, a significant increase from ₹252.03 lakh in the quarter ended March 31, 2025. Total income for FY26 reached ₹4,178.61 lakh. For the quarter ended March 31, 2026, the company posted a net profit of ₹2,501.19 lakh on a total income of ₹3,482.83 lakh. The following table presents the key financial metrics across reporting periods:

Expense Breakdown

The company's total expenses for FY26 stood at ₹2,617.26 lakh. The key components of expenses for the year are detailed below:

Operational Highlights

The revenue from operations comprises income from trading in shares and NBFC activities. Due to a substantial increase in the volume of transactions in shares, the management decided to show income from share trading as net gain or loss on trading of shares in the Statement of Profit & Loss, with the closing stock of such shares classified under the head Inventories. The company is classified under the "Base Layer" pursuant to the Reserve Bank of India's Scale Based Regulations for NBFCs. The paid-up equity share capital stood at ₹2,044.25 lakh, while reserves excluding revaluation reserves were ₹1,911.35 lakh for FY26.

Assets and Liabilities

The company's balance sheet reflected improved financial health as of March 31, 2026. Total assets stood at ₹11,973.26 lakh, up from ₹10,872.56 lakh in the previous year. Total equity rose significantly to ₹3,955.56 lakh from ₹2,339.92 lakh, driven by an increase in other equity from ₹295.67 lakh to ₹1,911.31 lakh. Borrowings decreased to ₹4,688.28 lakh from ₹5,433.22 lakh in the prior year.

Cash Flow Summary

For the year ended March 31, 2026, the company generated net cash from operating activities of ₹21.78 lakh, compared to a net cash outflow of ₹182.22 lakh in the prior year. Net cash from investing activities was ₹712.74 lakh, supported by sale of shares worth ₹712.74 lakh. Financing activities resulted in a net cash outflow of ₹744.95 lakh, primarily due to repayment of short-term borrowings. Cash and cash equivalents at the end of the year stood at ₹18.76 lakh, compared to ₹29.18 lakh at the beginning of the year.