First Fintec Limited reported a 23.7% increase in total revenue to ₹274.1 million for the financial year ended March 31, 2026. The company’s net loss narrowed significantly to ₹5.4 million, down from ₹9.4 million in the previous year, driven by higher operating income and improved operational efficiency.

The company has scheduled its 26th Annual General Meeting (AGM) for Tuesday, September 29, 2026. The meeting will convene via video conferencing to adopt the audited financial statements for FY26 and appoint new statutory auditors.

Financial Performance

Revenue from operations rose to ₹252.9 million from ₹183.1 million in FY25. Total expenditure increased to ₹256.0 million from ₹202.1 million, reflecting higher employee benefit expenses and operating costs. Profit before tax stood at ₹1.5 million, compared to ₹2.1 million in the prior year.

What the Numbers Show

The narrowing net loss was primarily driven by a significant decline in deferred tax liability recognition. While profit before tax decreased by approximately 28%, the provision for deferred tax fell sharply from ₹11.2 million in FY25 to ₹6.7 million in FY26. This reduction in non-cash tax charges offset the lower pre-tax profit, resulting in a substantially smaller bottom-line loss.

Auditor Appointment Details

The board approved the appointment of M/s PC Surana & Co to fill the vacancy caused by the expiry of the term of M/s JMT & Associates. The new auditors will hold office from the conclusion of the 26th AGM until the conclusion of the AGM for FY31.

M/s PC Surana & Co confirmed it satisfies eligibility criteria under Section 141 of the Companies Act, 2013, and holds a valid Peer Review Certificate from the Institute of Chartered Accountants of India (ICAI).

Management Changes

Mr. U.J. Rao, who was acting as CFO, has been redesignated as CFO & COO. The company appointed Ms. Pranali Salunke of R.K. Associates as the scrutinizer for the upcoming AGM.

AGM Logistics

Remote e-voting will be facilitated by National Securities Depository Limited (NSDL), beginning on September 26, 2026, at 9:00 am and ending on September 28, 2026, at 5:00 pm. Shareholders on record as of September 22, 2026, will be eligible to vote. The register of members and share transfer books will remain closed from September 23, 2026, to September 29, 2026. The Annual Report for FY26 is being sent only by email to members with registered email addresses.

First Fintec Limited will hold its Board of Directors meeting on August 29, 2026, primarily to address governance matters including the appointment of statutory auditors and the scheduling of its upcoming Annual General Meeting (AGM). The company, formerly known as Firstobject Technologies Limited, disclosed that the board intends to fix the date, time, and venue for the AGM while approving the draft notice and annual report.

Auditor Appointment

The board plans to appoint M/s P C Surana & Co, Chartered Accountants, as the statutory auditors of the company. Mr. P.C. Surana, a partner at the firm, will lead the engagement. This appointment is intended to fill a casual vacancy created by the departure of M/s JMT & Associates, Chartered Accountants.

The source indicates that the term of M/s JMT & Associates concludes with the ensuing AGM. Consequently, M/s P C Surana & Co will hold office until the conclusion of the annual general meeting to be held for the financial year 2030-31. The remuneration and out-of-pocket expenses for the new auditors will be determined by the Board of Directors.

AGM Logistics

In addition to the auditor appointment, the board will decide on the date for book closure required for the AGM. The company also plans to appoint a scrutinizer to conduct the e-voting or ballot process in a fair and transparent manner for the ensuing annual general meeting.

The meeting was convened pursuant to Regulation 29 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. V.S.R. Sastry, Director, COO, and Compliance Officer, issued the notice from Mumbai.