Inventure Growth & Securities reported a consolidated net profit of ₹4.61 crore for the quarter ended June 30, 2026 (Q1FY26), reversing a loss of ₹5.34 crore in the preceding quarter. The Board of Directors approved the unaudited financial results on August 03, 2026. A significant corporate development disclosed in the filing is the lapse of the company’s composite Scheme of Arrangement, which involved amalgamation and demerger activities, as requisite regulatory approvals were not received within prescribed timelines.

The financial statements were reviewed by statutory auditors CGCA & Associates LLP in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The review report confirms compliance with Indian Accounting Standard 34 (Ind AS 34). On a standalone basis, net profit declined to ₹1.75 crore from ₹4.31 crore in Q1FY25, reflecting divergent performance between consolidated and standalone entities.

Financial Performance Highlights

Consolidated revenue from operations rose to ₹1,316.01 lakh in Q1FY26, compared to ₹1,061.10 lakh in Q4FY25 but down from ₹1,731.10 lakh in Q1FY25. Fees and commission income, a key driver, stood at ₹547.47 lakh. Interest income remained stable at ₹578.60 lakh. Total expenses decreased significantly to ₹795.30 lakh from ₹1,904.95 lakh in the previous quarter, primarily due to the absence of large fair value losses and impairment charges that had impacted Q4FY25.

Standalone revenue from operations was ₹1,067.11 lakh, down from ₹1,460.04 lakh in Q1FY25. Standalone profit before tax was ₹234.79 lakh, compared to ₹588.09 lakh in the prior year quarter. Earnings per share were ₹0.044 on a consolidated basis and ₹0.017 on a standalone basis.

Segment-wise Performance

The Group’s operations are divided into three reportable segments: Equity/Commodity Broking, Financing, and Merchant Banking. The Equity/Commodity Broking segment generated revenue of ₹809.89 lakh with a segment result of ₹265.13 lakh. The Financing segment contributed ₹372.25 lakh in revenue and ₹346.43 lakh in segment profit. Merchant Banking activities recorded a negative segment result of ₹22.33 lakh against revenue of ₹17.53 lakh.

Key Disclosures and Developments

The filing highlights that the composite Scheme of Arrangement filed on May 01, 2025, has lapsed. The scheme had proposed the amalgamation of four wholly-owned subsidiaries — Inventure Finance Private Limited, Inventure Commodities Limited, Inventure Insurance Broking Private Limited, and Inventure Developers Private Limited — followed by the demerger of the lending business undertaking into Inventure Wealth Management Limited. No accounting effect has been given to this lapsed scheme in the current financial results.

Additionally, the company incurred an exceptional expense of ₹6.72 lakh pertaining to alleged fraudulent transactions committed by a former employee. Regarding the utilization of rights issue proceeds, the company reported an unutilized amount of ₹85.14 lakh as of June 30, 2026. Shareholders had previously approved variations in the objects for utilization of these proceeds, reallocating funds towards Margin Trading Facility, computer hardware acquisition, and additional working capital.

Inventure Growth & Securities Ltd (IGSL) has withdrawn its proposed Scheme of Arrangement, halting plans to amalgamate four subsidiaries and demerge its lending business. The Board of Directors approved the withdrawal on August 3, 2026, stating that the scheme cannot proceed without the requisite approval from the Reserve Bank of India (RBI). This regulatory block prevents the implementation of the restructuring plan, which had previously received no-objection letters from both the BSE and NSE.

The withdrawn scheme involved the amalgamation of Inventure Finance Private Limited, Inventure Commodities Limited, Inventure Insurance Broking Private Limited, and Inventure Developers Private Limited into IGSL. Following this amalgamation, the 'Lending Business Undertaking' was scheduled to be demerged into Inventure Wealth Management Limited (IWPL), a wholly-owned subsidiary. The appointed date for these transactions was set for April 1, 2025.

Regulatory Hurdles

The primary obstacle to the scheme’s implementation was the requirement for RBI approval, applicable to both the transferor companies and the resulting NBFC, IWPL. Despite securing initial clearances from stock exchanges, the absence of RBI consent rendered the scheme unviable. Consequently, the Board decided not to pursue the arrangement further. No proceedings related to the scheme were filed before the National Company Law Tribunal (NCLT), meaning no legal actions are pending before the tribunal regarding this matter.

Transaction Details

The following table outlines the key entities and actions involved in the withdrawn scheme:

Financial Impact

Inventure Growth & Securities Ltd explicitly stated that the withdrawal of the scheme has no financial impact on the company. The decision was communicated pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The intimation was signed by Kamlesh S. Limbachiya, Whole-Time Director, and made available on the company’s website.

What the Numbers Show

The withdrawal highlights the critical dependency of financial sector restructuring on central bank approval in India. While exchange clearances were secured, the RBI’s role as the regulator for NBFCs proved decisive. The lack of financial impact suggests that significant costs had not yet been incurred or that the restructuring was not yet reflected in the consolidated balance sheet, allowing for a clean exit without material loss.