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.

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.

Finbud Financial Services has filed its Monitoring Agency Report for the quarter ended March 31, 2026, confirming that there has been no deviation from the objects of its Initial Public Offer (IPO). The report, submitted to the National Stock Exchange of India Limited, was prepared by Infomerics Valuation and Rating Limited.

The company had raised an aggregate amount of ₹71.68 crore through its public issue of equity shares in November 2025. After deducting issue-related expenses estimated at ₹4.46 crore, the net proceeds available for utilization towards the objects of the issue stood at ₹67.22 crore. The monitoring agency verified that the utilization of proceeds has been made in accordance with the disclosures in the Offer Document.

Utilization of Proceeds

As of March 31, 2026, the company has utilized a total of ₹10.97 crore from the net proceeds. The deployment of funds across various objects during the quarter is detailed below:

Under the Working Capital Requirement, ₹2.28 crore was utilized through commission payments made to agents. The General Corporate Purposes allocation of ₹1.60 crore was used for the repayment or foreclosure of corporate loans. Additionally, the company invested ₹1.00 crore as a loan to its wholly-owned subsidiary, LTCV Credit Private Limited, in line with the object of the issue.

Deployment of Unutilized Funds

Pending further utilization, the company had deployed IPO proceeds aggregating to ₹60.71 crore as of March 31, 2026. These funds were primarily held in fixed deposits and monitoring accounts. The specific deployment of unutilized proceeds is as follows:

The report noted that the amount of ₹7.94 crore held in the company's Overdraft (OD) account was subsequently deployed into fixed deposits with HDFC Bank on May 16, 2026, to ensure compliance with applicable SEBI ICDR guidelines.

Timeline Extension

Pursuant to a Special Resolution passed by members at an Extra-Ordinary General Meeting on March 16, 2026, the company extended the timeline for utilizing unutilized IPO proceeds under the objects “Working Capital” and “Business Development & Marketing”. The deadline for these objects has been moved from the original timeline disclosed in the Prospectus to March 31, 2027. The company confirmed that there is no change in the total amount allocated towards these objects.