Finbud Financial Services rectifies SDD recording delays for FY26

1 min read     Updated on 01 Jun 2026, 09:23 PM
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Finbud Financial Services Limited submitted its SDD compliance certificate for FY26, confirming all five UPSI events were captured despite initial recording delays. The delays were remedied on May 30, 2026, with auditors confirming full compliance and the implementation of stronger internal controls.

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Finbud Financial Services Limited has addressed recording delays in its Structured Digital Database (SDD) for the financial year ended March 31, 2026, confirming the capture of all five required Unpublished Price Sensitive Information (UPSI) events. The company submitted the compliance certificate to the National Stock Exchange of India Limited on May 30, 2026, following a review by M/s Anubhuti Akshay & Associates, Practising Company Secretaries. The certification confirms that the internal database is non-temperable, maintains an audit trail, and is capable of preserving records for eight years.

The compliance certificate, filed under Regulation 3(5) and 3(6) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, validated the existence of access controls and the comprehensive capture of UPSI nature, date, and time. However, the auditors reported that certain entries were not recorded within the mandated timelines during the period under review. This resulted in a temporary non-compliance with regulatory requirements regarding the immediate recording of sensitive information.

Compliance Parameter Status
SDD Implementation In place
Access Controls Established
UPSI Events Captured 5 out of 5
Audit Trail Maintained
Record Retention Capability 8 years
Recording Timelines Initially delayed, later remedied

The company remedied the non-compliance by recording all pending entries in the SDD on May 30, 2026. M/s Anubhuti Akshay & Associates certified that, based on verification of records and information provided, all pending entries were duly recorded as of the certificate date. The firm further confirmed that the specific non-compliance regarding timelines had been fully rectified.

To prevent recurrence, Finbud Financial Services has undertaken corrective measures focused on strengthening internal controls and compliance monitoring processes. These steps are designed to ensure the timely recording of future SDD entries. The submission was signed by Vivekananda Bhandarkar, Company Secretary & Compliance Officer, and addressed to the Listing Compliance Department of the exchange.

Historical Stock Returns for Finbud Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
+0.83%-10.53%-7.72%-17.14%-29.63%-29.63%

What specific operational changes has Finbud Financial Services implemented to ensure immediate recording of UPSI events going forward?

Will the temporary non-compliance with recording timelines trigger any regulatory penalties or scrutiny from SEBI?

How might this disclosure regarding internal control lapses impact investor confidence in Finbud's governance standards?

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Finbud Financial reports FY26 net profit of ₹1,164.56 lakh

1 min read     Updated on 28 May 2026, 01:09 PM
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Finbud Financial Services reported a consolidated net profit of ₹1,164.56 lakh for FY26, up from ₹837.57 lakh in FY25, driven by a rise in revenue from operations to ₹31,610.28 lakh. The board approved the audited financial results and a private placement in subsidiary LTCV Credit Private Limited, reducing its stake to 66.77%. Statutory auditors B B S K and Associates issued an unmodified opinion on the results.

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Finbud Financial Services reported a consolidated net profit of ₹1,164.56 lakh for the financial year ended March 31, 2026, an increase from ₹837.57 lakh in the previous year. Revenue from operations rose to ₹31,610.28 lakh from ₹22,328.28 lakh in FY25. The board approved the audited financial results for the standalone and consolidated entities during a meeting held on May 27, 2026.

Financial Performance

The company's total income for the year stood at ₹31,787.96 lakh, compared to ₹22,350.41 lakh in the prior year. Total expenses increased to ₹30,254.83 lakh from ₹21,170.97 lakh. Profit before tax for the year was ₹1,533.13 lakh, up from ₹1,179.44 lakh in FY25. Basic earnings per share (EPS) improved to ₹7.30 from ₹5.98 in the previous year.

Metric FY26 (₹ in lakh) FY25 (₹ in lakh)
Revenue from Operations 31,610.28 22,328.28
Total Income 31,787.96 22,350.41
Total Expenses 30,254.83 21,170.97
Net Profit 1,164.56 837.57
Basic EPS 7.30 5.98

Board Decisions and Subsidiary Update

The board approved the appointment of Mr. Ajay Vikram Singh as Director and CEO of LTCV Credit Private Limited, a wholly owned subsidiary. Additionally, the board approved a private placement of equity shares by LTCV Credit Private Limited to Mr. Singh. This will dilute Finbud Financial Services' shareholding in the subsidiary from 100% to 66.77%, causing it to cease to be a wholly owned subsidiary while remaining a subsidiary.

Auditor's Report

B B S K and Associates, Chartered Accountants, audited the financial results and issued an unmodified opinion. The consolidated financial results include the figures of LTCV Credit Private Limited, which reported an income of ₹130.87 lakhs and net profit before tax of ₹2.95 lakhs for the year ended March 31, 2026. The statutory auditors confirmed that the financial results present a true and fair view of the company's financial position.

Historical Stock Returns for Finbud Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
+0.83%-10.53%-7.72%-17.14%-29.63%-29.63%

What strategic rationale drove the decision to dilute ownership in LTCV Credit Private Limited?

How will the change in LTCV Credit's status impact the consolidated financials in the next fiscal year?

Can the current revenue growth rate be sustained given the significant rise in total expenses?

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