First Fintec Limited informed the Bombay Stock Exchange that it is not required to submit related party transaction (RPT) disclosures under Regulation 23(9) of the SEBI (LODR) Regulations, 2015. The company cited the absence of any related party transactions on a standalone basis as the primary reason for this non-applicability.

The communication, dated October 9, 2026, clarified that First Fintec’s financial statements are prepared solely on a standalone basis. Consequently, the consolidated disclosure requirements mandated for annual results do not apply to the entity.

Basis for Non-Applicability

The company detailed its corporate structure to substantiate the claim. First Fintec confirmed that it does not hold any subsidiary, joint venture, or holding company relationships that would trigger consolidation or related party transaction reporting obligations. The absence of such entities ensures that all financial activities remain within the standalone framework of the company.

Key factors supporting the non-applicability include:

• No related party transactions occurred on a standalone basis during the reporting period.
• The company does not have any holding, subsidiary, or joint venture entities.
• Financial statements are reported exclusively on a standalone basis, excluding consolidated formats.

Regulatory Compliance and Prior Disclosures

Regulation 23(9) requires listed entities to disclose RPTs on a consolidated basis in the format specified by relevant accounting standards. However, First Fintec stated that since its operations do not involve related parties, this specific regulatory provision is inapplicable.

The company further noted that it had already disclosed the non-applicability of related party transactions in its Corporate Governance report for the quarter ended September 30, 2026. This prior disclosure aligns with the current notification to the stock exchange, ensuring transparency regarding its compliance status.

V.S.R. Sastry, Director, COO, and Compliance Officer, signed the letter addressed to the Department of Corporate Services at BSE, Dalal Street, Mumbai. The submission requests the exchange to record the clarification regarding the exemption from RPT disclosures.

First Fintec Limited shareholders approved the audited financial statements for the financial year ended March 31, 2026, and appointed new statutory auditors during the 26th Annual General Meeting held on September 29, 2026. The resolutions passed with a 99.34% majority in favor.

The meeting, conducted via Video Conferencing/Other Audio-Visual Means from 3:00 pm to 3:30 pm, saw the adoption of the company's annual accounts and the appointment of M/s PC Surana & Co, Chartered Accountants (Firm Registration No: 110631W) as statutory auditors. This appointment fills the casual vacancy created by the conclusion of the tenure of M/s JMT & Associates. The resolutions were scrutinized by Advocate Ms. Pranali Salunke, with voting facilitated through NSDL for both remote e-voting and e-voting at the AGM.

Financial performance overview

The company reported total revenue of ₹27.41 million for FY26, up from ₹22.16 million in the previous year. The net loss narrowed to ₹0.53 million from ₹0.94 million in FY25.

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

Balance sheet highlights

The company's total assets stood at ₹12,39,68,737 as at March 31, 2026, compared to ₹12,39,03,867 as at March 31, 2025.

The authorised share capital remains at ₹25,00,00,000 comprising 2,50,00,000 equity shares of face value ₹10 each. The issued, subscribed and paid-up capital is unchanged at ₹10,40,27,550 comprising 1,04,02,755 equity shares of ₹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 ₹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 ₹10,000. Total remuneration paid to key managerial personnel was ₹12,48,000, comprising ₹7,20,000 to the CEO/COO, ₹2,40,000 to the Company Secretary, and ₹2,88,000 to the CFO.

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.