Garbi Finvest has provided a weblink for shareholders to access its Annual Report for FY26. The disclosure comes ahead of the company's 44th Annual General Meeting scheduled for September 29, 2026.

The company notified the BSE and CSE on September 3, 2026, regarding the intimation sent to shareholders who do not have registered email addresses. In compliance with Regulation 36(1)(b) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Garbi Finvest issued letters containing the web link to access the report from its website.

AGM Details

The 44th AGM will be held at the company's registered office in Mumbai at 10:00 am on September 29, 2026. The meeting aims to transact ordinary business, including the adoption of financial statements for the fiscal year ended March 31, 2026.

Shareholders will vote on two primary resolutions:

• Adoption of Financial Statements for FY26
• Re-appointment of retiring director Mr. Kripa Shankar Mahawar

Mr. Mahawar, the Managing Director, retires by rotation and offers himself for re-appointment. The Board recommends his re-appointment to continue in his current role.

E-Voting and Record Date

Central Depository Services (India) Limited (CDSL) will facilitate remote e-voting. The voting window opens on September 26, 2026, at 9:00 am and closes on September 28, 2026, at 5:00 pm.

The register of members will remain closed from September 23, 2026, to September 29, 2026, to determine dividend eligibility. Mr. Vivek Gupta, a practicing Chartered Accountant, has been appointed as the scrutinizer.

Garbi Finvest Limited reported a net loss of ₹81.53 lakh for the quarter ended June 30, 2026, marking a significant deterioration from the profit of ₹118.78 lakh recorded in the same period of the previous fiscal year. The company’s revenue from operations also contracted sharply, falling 28% year-on-year to ₹45.65 lakh, compared to ₹63.36 lakh in Q1FY26.

The Board of Directors approved the unaudited financial results during a meeting held on August 13, 2026. The results were reviewed by statutory auditors Kushal S Poonia & Co., who issued a limited review report with specific qualifications regarding compliance and accounting practices.

Financial Performance

The company’s total income for the quarter stood at ₹98.69 lakh, down from ₹118.62 lakh in Q1FY25. This decline was driven by lower operational revenue and the absence of dividend income, which had contributed ₹5.33 lakh in the prior year. While profit on the sale of investments remained relatively stable at ₹53.04 lakh (versus ₹49.93 lakh previously), it was insufficient to offset the drop in core operations.

Expenses rose significantly to ₹200.18 lakh from ₹77.92 lakh in the previous year’s quarter. The primary driver was depreciation and amortization, which jumped to ₹189.90 lakh from just ₹13.58 lakh. Impairment on financial instruments also increased slightly to ₹9.41 lakh from ₹8.38 lakh.

Auditor Qualifications

The independent auditor’s report highlighted critical non-compliances. Kushal S Poonia & Co. noted that Garbi Finvest has not followed the Expected Credit Loss (ECL) model mandated under Ind AS 109 for financial instruments. Furthermore, the firm stated that the company failed to implement Internal Financial Controls (IFC) as required by the Companies Act, 2013, and lacked necessary control design documentation.

Additionally, the auditors flagged that the company did not account for interest on all loan accounts, raising concerns about the completeness and accuracy of recorded revenue.

What the Numbers Show

The divergence between stable investment gains and collapsing operational revenue highlights a structural weakness in the company’s core business model. With profit on sale of investments contributing over half of total income (₹53.04 lakh against ₹98.69 lakh), the company appears increasingly dependent on capital markets activity rather than its primary non-banking financial activities. This dependency is exacerbated by the sharp rise in depreciation costs, which now consume nearly 95% of total expenses, severely eroding profitability despite modest impairment charges.