Futuristic Securities reported a net loss of ₹25.82 lakh for the financial year ended March 31, 2026, reversing a net profit of ₹67.37 lakh in the previous year. The company submitted its 55th annual report and notice for the Annual General Meeting (AGM) scheduled for September 30, 2026.

The shift from profit to loss was driven by a rise in total expenses, which increased to ₹11.43 lakh from ₹10.35 lakh in FY25, while total revenue remained flat at ₹11.26 lakh. Operating expenses saw a notable increase, with employee benefit costs rising to ₹3.03 lakh from ₹2.29 lakh, and other expenses climbing to ₹8.40 lakh from ₹8.06 lakh.

Financial Performance Overview

Revenue from operations remained stable at ₹6.32 lakh, primarily derived from interest on loans. Other income contributed ₹4.94 lakh, largely supported by dividend receipts of ₹4.87 lakh. Despite stable revenue streams, the inability to contain operational costs led to a pre-tax loss of ₹1.72 lakh, compared to a pre-tax profit of ₹90,070 in the prior year.

Balance Sheet and Cash Position

As of March 31, 2026, the company’s total assets stood at ₹139.03 lakh, a slight decline from ₹139.44 lakh in the previous year. Cash and cash equivalents decreased significantly to ₹6.19 lakh from ₹21.64 lakh, reflecting the cash outflow from operations. The company holds unquoted equity investments worth ₹40.29 lakh and has advanced loans amounting to ₹79 lakh. Shareholders’ funds include a special capital incentive reserve of ₹20 lakh, offsetting accumulated losses in retained earnings.

What the Numbers Show

The company’s revenue structure is heavily reliant on non-operational income sources. Dividend income alone constituted approximately 43% of total revenue, while interest income made up another 56%. This leaves minimal room for error in cost management; the rise in employee and other operational expenses directly eroded the thin operating margin, turning a profitable year into a loss-making one despite stable top-line figures.

Corporate Governance and AGM Details

The Board of Directors will seek shareholder approval for the re-appointment of Mr. Pradeep Jatwala, who retires by rotation. Additionally, shareholders will vote to appoint M/s. MKPS & Associates LLP as the new statutory auditors for a five-year term, replacing M/s. MAKK & Co., who resigned in August 2026. M/s. Roy Jacob & Co. will be appointed as the secretarial auditor for five years. No dividend is recommended for FY26.

Futuristic Securities reported a net loss of ₹25.82 lakh for the fiscal year ended March 31, 2026, marking a reversal from the ₹67.37 lakh profit recorded in FY25. The company has scheduled its 55th Annual General Meeting for September 30, 2026, to approve these results and appoint new statutory auditors.

Financial Performance

Total revenue remained largely flat at ₹11.26 lakh, up marginally from ₹11.25 lakh in the previous year. However, total expenses rose to ₹11.43 lakh from ₹10.35 lakh, driven by higher employee benefit costs and other operational expenditures. Consequently, the company posted a pre-tax loss of ₹1.72 lakh, compared to a pre-tax profit of ₹9.01 lakh in FY25.

Revenue from operations stood at ₹6.32 lakh, unchanged from the prior year, primarily comprising interest income. Other income increased slightly to ₹4.94 lakh from ₹4.93 lakh, supported by dividend receipts.

Expense Breakdown

Employee benefit expenses jumped to ₹3.03 lakh from ₹2.29 lakh. Other expenses also climbed to ₹8.40 lakh from ₹8.06 lakh, with significant contributions from listing fees (₹3.84 lakh) and legal/professional fees (₹1.90 lakh).

What the Numbers Show

The company’s profitability is heavily dependent on non-operational income streams. Dividend income alone accounted for ₹4.87 lakh of the ₹4.94 lakh other income, while operating revenue contributed only ₹6.32 lakh. This structure highlights that core operational activities generated insufficient margins to cover rising administrative and employee costs, leading to the net loss despite stable top-line figures.

Balance Sheet and Cash Position

Cash and cash equivalents declined significantly to ₹6.19 lakh from ₹21.64 lakh at the end of FY25. The company holds ₹79.00 lakh in loans and advances, which remained constant year-over-year. Total assets decreased slightly to ₹139.03 lakh from ₹139.44 lakh.

Corporate Governance Updates

The Board recommended the re-appointment of Mr. Pradeep Jatwala as a director retiring by rotation. Additionally, shareholders will vote to appoint M/s. MKPS & Associates LLP as the new statutory auditors for a five-year term, replacing M/s. MAKK & Co., who resigned effective August 11, 2026. M/s. Roy Jacob & Co. will be appointed as the secretarial auditor for five years starting FY27.

No dividend was declared for FY26 as the directors opted to conserve resources. The promoter holding remains unchanged at 62.77%, with Anand Kumar Thirani holding 1,223,934 shares.