First Fintec Ltd has confirmed to the Bombay Stock Exchange that Regulation 23(9) of the SEBI (LODR) Regulations, 2015, does not apply to its operations regarding the disclosure of related party transactions. The company stated in a filing that the requirement to disclose such transactions on a consolidated basis is not relevant as it does not engage in any related party transactions on a standalone basis. Furthermore, the entity operates solely on standalone financials and does not possess any holding, subsidiary, or joint venture structures.

The clarification was submitted to the exchange by V.S.R. Sastry, Director & COO & Compliance Officer, on July 8, 2026. The communication emphasized that the absence of a complex corporate structure and related party dealings exempts the company from the specific reporting mandates outlined in the latest amendments of the regulation. Consequently, First Fintec Ltd is not required to submit the Related Party Transaction disclosures as stipulated under the specified regulation.

The company noted that this status of non-applicability had already been recorded and disclosed in the Corporate Governance report filed for the quarter ended June 30, 2026. This prior disclosure ensures that the regulatory records reflect the company's compliance status concerning related party transactions. The filing serves as a formal intimation to the exchange to update its records based on the company's standalone operational structure.

Key Disclosures

First Fintec Limited narrowed its net loss to ₹0.54 million for the financial year ended March 31, 2026, compared to a net loss of ₹0.95 million in the previous year, as revenue from operations increased. The Board of Directors approved the audited results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026. The company operates in the Fintec/Edtec segment and submitted the results pursuant to Regulation 33 of the SEBI (LODR) Regulations, 2015. The audited standalone financial results were published on June 3, 2026, in the Free Press Journal (English edition) and Nav Shakti (Marathi edition) under Regulation 47 of SEBI (LODR) Regulations, 2015.

Revenue from operations for FY26 stood at ₹25.29 million, up from ₹18.31 million in the previous year. Total income for the year increased to ₹27.41 million from ₹22.16 million. The company reported a profit before tax of ₹0.15 million for the year, compared to ₹0.20 million in the prior year. Basic and diluted earnings per share for the year were reported at a loss of ₹0.05, improving from a loss of ₹0.09 in FY25.

For the quarter ended March 31, 2026, First Fintec Limited recorded a net loss of ₹3.25 million, widening from the net loss of ₹2.91 million in the corresponding quarter of the previous year. Revenue from operations for Q4FY26 was ₹4.28 million, slightly lower than the ₹4.34 million reported in Q4FY25. Total expenses for the quarter rose to ₹7.91 million from ₹7.74 million in the same period last year.

The company's balance sheet as of March 31, 2026, showed total assets of ₹123.97 million, marginally higher than ₹123.90 million in the previous year. Non-current assets, which include tangible assets and goodwill, stood at ₹109.67 million. Current assets decreased to ₹14.29 million from ₹14.21 million, with cash and cash equivalents dropping to ₹0.10 million from ₹0.27 million.

Equity and liabilities totaled ₹123.97 million. Equity share capital remained constant at ₹104.03 million, while reserves and surplus decreased to ₹1.19 million from ₹1.72 million. Deferred tax liabilities increased to ₹15.48 million from ₹14.82 million. Short-term borrowings reduced to ₹2.46 million from ₹2.54 million.

The cash flow statement for FY26 showed a net decrease in cash and cash equivalents of ₹0.17 million. Cash generated from operations was ₹1.56 million, compared to a negative cash flow of ₹0.88 million in the previous year. Cash used in investing activities was ₹1.64 million, while financing activities resulted in a net outflow of ₹0.09 million.

Financial Performance Summary

JMT & Associates, Chartered Accountants, issued an audit report with an unmodified opinion on the standalone financial results. The report confirmed that the results give a true and fair view in conformity with the Indian Accounting Standards. The notes to accounts indicate that the company foresees a large-scale contraction in demand, which could result in significant downsizing of its employee base.