Gaja Alternative Asset Management reported a consolidated net profit of ₹272.2 crore for the quarter ended June 30, 2026, marking a 36% year-on-year increase from ₹200.9 crore in the same period last year.

The Mumbai-based alternative investment fund manager also proposed a final dividend of ₹0.75 per equity share for FY26 during its board meeting held on September 10, 2026.

Financial Performance

Consolidated revenue from operations fell 49% YoY to ₹156.4 crore, down from ₹307.6 crore in Q1FY26. However, total income rose 26% to ₹518.3 crore, driven by a significant jump in other income.

Standalone net profit surged 142% YoY to ₹140.1 crore, compared to ₹58.0 crore in the prior year period. Standalone revenue from operations declined 8% to ₹140.9 crore.

What the Numbers Show

Other income constituted 70% of total consolidated income in Q1FY27, rising sharply to ₹361.9 crore from ₹104.6 crore a year ago. This non-operating component was the primary driver of the profit growth, offsetting the nearly 50% decline in core operating revenue. The divergence between falling operational revenue and surging other income highlights a reliance on non-recurring or investment-linked gains rather than fee-based business expansion for this quarter's bottom line.

Key Developments

• The company completed its initial public offering, listing on BSE and NSE on August 26, 2026.
• Nangia & Co LLP served as the independent auditor for the limited review of the unaudited financial results.
• The trading window for designated persons remains closed until September 12, 2026.

Gaja Alternative Asset Management Limited has scheduled its 27th Annual General Meeting for September 26, 2026, to transact ordinary and special business for FY26.

The Board of Directors approved the agenda in its meeting held on June 4, 2026, and fixed September 19, 2026, as the record date in a subsequent meeting on September 3, 2026. The meeting will be conducted via video conferencing or other audio-visual means.

Dividend and Payment Timeline

Shareholders will vote to confirm a final dividend of ₹0.75 per equity share of face value ₹5 each (15%) for FY26. If approved, payments will be dispatched within 30 days of the AGM, on or before October 25, 2026.

Dividend income is taxable in the hands of shareholders. The company will deduct tax at source (TDS) at prescribed rates. Resident individuals not liable to pay income tax can submit Form No. 121 by September 30, 2026, to avail non-deduction benefits. Non-resident members must provide relevant documents to claim beneficial tax rates under Double Tax Avoidance Agreements.

E-Voting and Register Closure

The e-voting period commences at 9:00 am on Wednesday, September 23, 2026, and concludes at 5:00 pm on Friday, September 25, 2026. Shareholders holding shares as on the cut-off date may cast votes electronically.

In accordance with Section 91 of the Companies Act, 2013, and Regulation 42 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, the Register of Members and Share Transfer Books will remain closed from Sunday, September 20, 2026, to Saturday, September 26, 2026.

Auditor and Governance Updates

The board approved the appointment of M/s Price Waterhouse Chartered Accountants LLP as statutory auditors for a five-year tenure, effective from the conclusion of the 27th AGM. This follows the resignation of M/s Nangia & Co. LLP due to statutory rotation requirements. The proposed remuneration for FY27 is ₹40 lakh plus applicable taxes.

Additionally, shareholders will vote on the re-appointment of Mr. Prithvi Pal Singh Haldea and Mr. Upendra Kumar Sinha, who retire by rotation. A special resolution seeks approval for Mr. Upendra Kumar Sinha to continue as a non-executive non-independent director beyond the age of 75 years, pending shareholder approval pursuant to Regulation 17(1A) of the SEBI LODR Regulations, 2015.