Goenka Business & Finance Ltd has been barred from accessing the securities market for five years and penalised ₹1 crore by the Securities and Exchange Board of India (SEBI). The regulator passed a final order on June 30, 2026, against 226 entities, including the non-banking financial company, for violations under the SEBI Act, 1992. The company received the order on July 1, 2026.

Regulatory Action and Penalties

Under Sections 11(1), 11(4), 11(4A), 11B(1), and 11B(2) of the SEBI Act, 1992, the company is prohibited from buying, selling, or dealing in securities directly or indirectly. The restraint from accessing the securities market and the prohibition on association with the market in any manner will remain in force for a period of five years from the date of the final order.

Financial Impact and Legal Response

Goenka Business & Finance Ltd disclosed that the order will impact its financial strength in monetary terms, based on its assessment and legal counsel's advice. The company has reserved its right to prefer an appeal before the Securities Appellate Tribunal under Sections 15T and 15Z of the SEBI Act, 1992. It further stated that it may approach the Supreme Court of India thereafter, depending on the applicability.

Goenka Business & Finance Ltd reported a net profit of ₹460.65 lakh for the financial year ended March 31, 2026, reversing the net loss of ₹58.38 lakh recorded in the previous year. The company’s total income for FY26 surged to ₹15,738.42 lakh, a significant increase from ₹1,742.10 lakh in FY25, driven primarily by a rise in income from the sale of shares and profit-loss from F&O segments. The Board of Directors approved the audited standalone financial results for the quarter and year ended March 31, 2026, at its meeting held on May 26, 2026.

For the quarter ended March 31, 2026, the company posted a net profit of ₹424.59 lakh, compared to ₹9.71 lakh in the same period of the previous year. Total income for the quarter stood at ₹3,612.38 lakh. M/s. MAAK & Associates, Chartered Accountants, the statutory auditors, issued an unmodified opinion on the audited financial results. The auditor's report included an emphasis of matter paragraph noting that interest rates on loans and the valuation of stock-in-trade, comprising shares and securities, are determined and represented by the management.

The company submitted the newspaper advertisement regarding these audited financial results to the BSE Limited, Metropolitan Stock Exchange of India Limited, and The Calcutta Stock Exchange Limited on May 27, 2026. The advertisement was published in the Financial Express (English) and Sukhabar (Bengali) on the same day, in compliance with Regulation 47 of the SEBI (LODR) Regulations, 2015.

Board Appointments and Resignations

During the meeting, the Board approved the appointment of Mr. Atul Jashwantrai Sheth as an Independent Director for a term of five consecutive years commencing from May 26, 2026, subject to shareholder approval. Additionally, M/s. Harsh Prajapati & Co, Chartered Accountants, were re-appointed as Internal Auditors for the financial year 2026-27.

The Board also accepted the resignation of Mr. Dharmik Solanki from the position of Company Secretary & Compliance Officer, effective from the close of business hours on May 26, 2026. Solanki cited personal reasons and the decision to pursue opportunities outside the organization for his departure.

Financial Performance Summary

The following table details the key financial metrics for the year and quarter ended March 31, 2026:

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE997C01015/ce195efc-49b4-46c9-ac66-322537435d2d.pdf