First Fintec Limited reported total revenue of Rs.27.41 Million for the financial year ended March 31, 2026, up from Rs.22.16 Million in the previous year, while the net loss narrowed to Rs.0.53 Million from Rs.0.94 Million.

Financial performance overview

The company's audited standalone financial statements for FY26 reflect a modest improvement across key metrics. Total revenue grew on the back of higher revenue from operations, even as other income declined. The following table summarises the key financial results:

Revenue from operations stood at Rs.2,52,86,732 for FY26 compared to Rs.1,83,12,237 in FY25. Other income was Rs.21,26,471 against Rs.38,52,206 in the prior year. Employee benefit expenses rose to Rs.76,10,275 from Rs.52,40,039, while operating and other expenses increased to Rs.1,79,86,306 from Rs.1,49,65,159.

Balance sheet highlights

The company's total assets stood at Rs.12,39,68,737 as at March 31, 2026, compared to Rs.12,39,03,867 as at March 31, 2025. Key balance sheet items are presented below:

The authorised share capital remains at Rs.25,00,00,000 comprising 2,50,00,000 equity shares of face value Rs.10 each. The issued, subscribed and paid-up capital is unchanged at Rs.10,40,27,550 comprising 1,04,02,755 equity shares of Rs.10 each. As of March 31, 2026, 99.82% of shares are held in dematerialised form.

Key performance metrics

The company's performance at a glance over three years is summarised below:

Basic and diluted earnings per share for FY26 stood at (0.052) on a face value of Rs.10 per share, compared to (0.090) in FY25. The board has not recommended any dividend for FY26 due to losses during the year.

Shareholding and governance

Promoter shareholding remained unchanged at 47.40%, held entirely by First Call India Equity Advisors Pvt. Ltd with 49,31,374 shares. Public shareholding stood at 52.60% as at March 31, 2026. The board comprised three directors as at March 31, 2026: Abhishek Kotulkar (Chairman, Non-executive Director), V.S.R. Sastry (Non-executive Director), and Mrs. Urrinkala Saritha (Non-executive Director), who was appointed at the Annual General Meeting held on September 29, 2025, replacing Dr. Mrs. Leena Vivek who completed her second term.

The board met 8 times during FY26. Each director received sitting fees of Rs.10,000. Total remuneration paid to key managerial personnel was Rs.12,48,000, comprising Rs.7,20,000 to the CEO/COO, Rs.2,40,000 to the Company Secretary, and Rs.2,88,000 to the CFO.

Auditor transition and AGM

M/s JMT & Associates, Chartered Accountants (Firm Registration No: 104164W), concluded their tenure as statutory auditors at the close of the 26th AGM. The board, on the recommendation of the Audit Committee, proposed the appointment of M/s PC Surana & Co, Chartered Accountants (Firm Registration No: 110631W / Peer Review Certificate No.: 026012), to hold office from the conclusion of the 26th AGM until the conclusion of the AGM for financial year 2030-31. The statutory auditors reported no qualifications, reservations, or adverse remarks on the financial statements. The 26th Annual General Meeting is scheduled for September 29, 2026 at 3:00 pm via Video Conferencing / Other Audio-Visual Means.

Business segments and outlook

First Fintec operates across FinTech, EdTech, and Analytics verticals. The company's EdTech offerings cover K-10 digital learning content for CBSE and state board curricula across Maharashtra, Telangana, and Andhra Pradesh. The FinTech division includes Invest Tec, an investment advisory unit focused on venture capital and private equity, and Fin Research Analytics, an independent research provider. The company also operates a SPAC-related advisory practice. No material changes or commitments affecting the financial position occurred between the end of FY26 and the date of the board's report. The company has no subsidiaries, joint ventures, or associate companies.

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.