Inventure Growth & Securities has scheduled its 31st Annual General Meeting for September 29, 2026. The meeting will be held via video conferencing at 11:30 am to address ordinary and special business items.

The primary agenda includes the adoption of audited financial statements for FY26 and the reappointment of key board members. Shareholders will vote on the reappointment of Mr. Kanji B. Rita as Chairman and Managing Director and Mr. Surji D. Chheda as an Independent Director.

Financial Performance Context

The meeting coincides with the approval of financial results for the fiscal year ended March 31, 2026. The company reported a decline in total income compared to the previous year.

Total income fell to ₹3,451.48 lakh in FY26 from ₹4,289.76 lakh in FY25. Profit before tax declined to ₹98.68 lakh from ₹178.17 lakh. However, profit after tax rose significantly to ₹153.62 lakh from ₹15.11 lakh in the prior year.

What the Numbers Show

Profit after tax grew nearly tenfold despite a contraction in operating profits. This divergence suggests that factors other than core operational earnings, such as tax adjustments or other income, drove the bottom-line improvement in FY26.

Board Reappointments

Shareholders will consider the reappointment of Mr. Kanji B. Rita as Chairman and Managing Director for a three-year term ending August 12, 2030. His proposed basic salary is up to ₹6,00,000 per month, with additional perquisites and allowances as per company rules.

Mr. Surji D. Chheda will be reappointed as an Independent Director for a five-year term from October 1, 2027, to September 30, 2032. He brings over 27 years of experience as a practicing Chartered Accountant.

Meeting Logistics

The AGM will be conducted through video conferencing or other audio-visual means. The deemed venue is the registered office in Mumbai. Remote e-voting will commence on September 24, 2026, at 10:00 am and end on September 28, 2026, at 5:00 pm. Members holding shares as on September 22, 2026, are eligible to vote.

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.