Greencrest Financial Services Limited has filed a regulatory intimation with BSE Limited regarding the non-applicability of certificate requirements under SEBI LODR Regulation 57(4) for the first quarter of Financial Year 2027. The communication, dated March 25, 2026, was submitted to ensure compliance with mandatory disclosure obligations.

Regulatory Compliance Details

The company confirmed that it has not issued any non-convertible securities, which makes the provisions of Regulation 57(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 inapplicable for the quarter ended June 30, 2026.

Non-Convertible Securities Status

The intimation specifically addressed the company's position regarding non-convertible securities and related obligations. Greencrest Financial Services Limited confirmed that since no non-convertible securities have been issued, the detailed schedule requirements for payment of interest, dividend, or principal obligations do not apply to the company.

The company also confirmed that there were no unpaid interest, dividend, or principal obligations in relation to non-convertible securities during the specified period.

Management Authorization

The regulatory filing was authorized and digitally signed by Sushil Parakh, Managing Director of the company, bearing DIN 02596801. The digital signature was executed on March 25, 2026, at 10:02:19 IST, ensuring proper authentication of the document submitted to the stock exchange.

This proactive disclosure demonstrates the company's commitment to maintaining transparency and adhering to regulatory requirements, even when specific provisions may not be applicable to its current business structure and securities profile.

Greencrest Financial Services Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, showing mixed performance compared to the previous year. The company, formerly known as Marigold Glass Industries Limited, operates in the finance and investments segment.

Financial Performance Overview

The company's financial performance for Q3FY26 showed a decline in both revenue and profitability compared to the corresponding quarter of the previous year.

Revenue Composition and Analysis

The company's revenue streams showed varied performance across different segments. Interest income increased substantially to ₹240.98 lakhs from ₹116.00 lakhs in Q3FY24. However, revenue from sale of shares, which forms a significant portion of total revenue, declined dramatically to ₹1,027.80 lakhs from ₹2,239.98 lakhs in the corresponding quarter of the previous year.

Nine-Month Performance

For the nine-month period ended December 31, 2025, the company reported total revenue of ₹2,370.71 lakhs compared to ₹5,928.86 lakhs in the corresponding period of FY24. Net profit for the nine-month period stood at ₹276.42 lakhs, significantly lower than ₹541.96 lakhs achieved in the same period of the previous year.

Expense Management

Total expenses for Q3FY26 decreased to ₹1,163.47 lakhs from ₹2,107.94 lakhs in Q3FY24. Notable changes in the expense structure included an increase in finance costs to ₹163.25 lakhs from ₹78.50 lakhs. The company also recorded bad debts written off of ₹135.13 lakhs during the quarter, compared to a write-back of ₹0.30 lakhs in the previous year.

Corporate Governance and Compliance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on February 11, 2026. The meeting commenced at 13:00 hours and concluded at 13:40 hours. The results have been prepared in accordance with Indian Accounting Standards (Ind AS) 34 and have undergone a limited review by the company's statutory auditors, Rajesh Kumar Gokul Chandra & Associates, Chartered Accountants.

The company maintains a paid-up equity share capital of ₹3,655.08 lakhs with a face value of ₹1.00 per share. Other equity stood at ₹2,133.74 lakhs as of December 31, 2025, compared to ₹2,260.68 lakhs in the corresponding period of the previous year.