India Finsec Limited held its Board of Directors meeting on Thursday, May 14, 2026, at its registered office in New Delhi. The board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The results were prepared in accordance with Indian Accounting Standards (Ind AS) and were accompanied by unmodified audit reports from statutory auditors M/s Ajay Rattan & Co., Chartered Accountants.

Key Corporate Developments

The board approved several corporate actions. M/s Himanshu Sunil & Associates, Chartered Accountants (FRN: 032799N), was appointed as the Internal Auditor for the financial year 2026-27. Additionally, upon the recommendation of the Nomination and Remuneration Committee, Ms. Prachi Bansal (ICSI Membership No. A73238) was appointed as Company Secretary cum Compliance Officer effective May 14, 2026.

The company also noted a structural change during the year: India Finsec became an unregistered Core Investment Company (CIC), having previously been registered with the Reserve Bank of India as an NBFC-ICC. Separately, its subsidiary, IFL Finance Limited (formerly IFL Housing Finance Limited), was converted into an NBFC-ICC effective June 26, 2025.

Standalone Financial Performance

The standalone financial performance for the year ended March 31, 2026, showed a Profit After Tax (PAT) of ₹3.76 lakhs, compared to ₹0.11 lakhs in the previous year. Total income for the year stood at ₹41.05 lakhs, while total expenses were ₹35.99 lakhs. The balance sheet as of March 31, 2026, reflected total assets of ₹7,876.60 lakhs, with equity share capital at ₹2,919.17 lakhs and other equity at ₹4,947.36 lakhs.

Consolidated Financial Performance

The consolidated results include the financials of subsidiary IFL Finance Limited. For the year ended March 31, 2026, the company reported a Profit After Tax of Rs. 2,16,658.37 thousands, an increase from Rs. 1,81,286.84 thousands in the previous year. Total revenue from operations rose to Rs. 8,46,084.60 thousands from Rs. 7,11,510.21 thousands. Consolidated total assets stood at Rs. 59,02,714.96 thousands as of March 31, 2026, compared to Rs. 36,30,385.52 thousands in the prior year.

Subsidiary NCD Issuances

During the year, the subsidiary issued redeemable non-convertible debentures (NCDs) listed on the National Stock Exchange. The issuances totaled Rs. 14,15,427.00 thousands, with coupon rates ranging from 11.75% to 12.25%.

Source: None/Company/INE474O01010/d2812ccb-ae4a-4b9f-b685-79864aeb8cc8.pdf

India Finsec Limited has successfully concluded its Extraordinary General Meeting held on April 24, 2026, with shareholders demonstrating strong support for key corporate initiatives. The meeting, conducted through video conferencing from 11:30 AM to 11:58 AM, resulted in the approval of two significant resolutions with requisite majority.

Meeting Overview and Participation

The EGM was held in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, under Regulation 44. M/s Sarita Singh & Associates, Practicing Company Secretary, served as the scrutinizer for both remote e-voting and e-voting during the meeting.

Resolution Details and Voting Results

Both resolutions were classified as Special Resolutions and received identical voting patterns, demonstrating unified shareholder support.

Resolution 1: Subsidiary IPO Approval

Shareholders approved the Initial Public Offering of equity shares of IFL Finance Limited (formerly known as IFL Housing Finance Limited), a subsidiary of India Finsec Limited.

Resolution 2: Independent Director Reappointment

The re-appointment of Mr. Devi Dass Agarwal (DIN: 09152596) as an independent director received identical voting results, reflecting consistent shareholder confidence.

E-Voting Process and Compliance

The company facilitated comprehensive voting mechanisms to ensure maximum shareholder participation. Remote e-voting commenced on April 21, 2026, at 9:00 AM and concluded on April 23, 2026, at 5:00 PM. Additional e-voting facilities were provided during the EGM for shareholders who had not previously cast their votes.

The scrutinizer's report confirmed that 43.4963% of outstanding shares participated in the voting process, with votes being unblocked on April 24, 2026, around 12:00 PM in the presence of designated witnesses.

Regulatory Compliance and Documentation

India Finsec Limited has submitted the complete voting results and scrutinizer's report to BSE Limited in the prescribed format under Regulation 44(3) of the Listing Regulations. The company's scrip code 535667 trades on BSE, and all regulatory requirements have been fulfilled as per the scrutinizer's consolidated report in Form MGT-13.

The successful completion of the EGM with overwhelming shareholder support positions India Finsec Limited to proceed with its subsidiary's IPO plans and maintain strong corporate governance through the reappointment of its independent director.