Joindre Capital Services reported a standalone net profit of ₹212.00 lakh for the quarter ended June 30, 2026, up 6.9% year-on-year from ₹198.22 lakh in Q1FY26. Revenue from operations rose 5.6% YoY to ₹1,071.18 lakh, driven by growth in interest income and fees and commission income. The Board of Directors approved the unaudited financial results at a meeting held on August 12, 2026.

Financial Performance

The company’s total revenue from operations stood at ₹1,071.18 lakh for Q1FY27, compared to ₹1,014.00 lakh in the same quarter last year. Interest income increased 10.8% YoY to ₹298.75 lakh, while fees and commission income grew 4.2% to ₹718.49 lakh. Dividend income declined to ₹2.64 lakh from ₹5.59 lakh in the prior year period.

Total expenses decreased 4.4% YoY to ₹781.47 lakh from ₹745.33 lakh in Q1FY26. This reduction was primarily due to lower other expenses, which fell to ₹150.49 lakh from ₹141.66 lakh, and reduced employee benefits expenses at ₹162.71 lakh against ₹178.47 lakh previously. Finance costs rose to ₹12.77 lakh from ₹7.84 lakh, while impairment on financial instruments was recorded at ₹1.02 lakh, compared to a reversal of ₹0.15 lakh in the prior year.

Profit before tax increased 7.8% YoY to ₹289.71 lakh. Total tax expenses amounted to ₹77.71 lakh, including current tax of ₹78.00 lakh. Earnings per share (basic and diluted) were ₹1.53, up from ₹1.43 in Q1FY26.

Comprehensive Income

Total comprehensive income for the quarter was ₹327.54 lakh, significantly higher than the net profit due to positive other comprehensive income items. This included an unrealized gain of ₹125.97 lakh on the remeasurement of equity instruments designated as fair value through other comprehensive income (FVTOCI), up from ₹116.82 lakh in Q1FY26. Gains on the sale of equity instruments contributed ₹6.21 lakh.

Regulatory and Operational Notes

The financial results have been reviewed by Banshi Jain & Associates, the statutory auditors, who issued a limited review report pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company operates under Division III applicable to Non-Banking Financial Companies (NBFCs) under Schedule III of the Companies Act, 2013, although it is not required to be registered under Section 45-1A of the RBI Act, 1934, as it is a SEBI-registered stock broker.

Management noted that the four Labour Codes notified by the Ministry of Labour and Employment came into force on November 21, 2025. The company is assessing the impact on gratuity, employee benefits, and compliance frameworks. Initial provisions have been recognized for higher employee benefit liabilities where required, with management stating the final impact is not expected to be material.

Joindre Capital Services shareholders approved all ordinary and special business resolutions at the company’s 31st Annual General Meeting (AGM) held on August 01, 2026. The meeting, conducted via video conferencing from Mumbai, resulted in the declaration of a dividend of Re 2 per equity share (20% of face value) for FY26 and approval to accept deposits from members under Section 73 of the Companies Act, 2013. The revised dividend payout reflects the company's financial performance for the year ended March 31, 2026.

The AGM was convened in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Members who did not vote through remote e-voting were provided the opportunity to cast their votes using InstaVote during the meeting. All resolutions were passed with the requisite majority and are deemed passed on August 01, 2026.

Key Resolutions Passed

The following items of business were considered and approved by the members:

Dinesh Khandelwal (DIN: 00052077), who retired by rotation, offered himself for re-appointment and was subsequently appointed as a Director. The Board of Directors’ report and the Auditors’ report for the financial year ended March 31, 2026, were also adopted.

Voting Results Breakdown

The scrutinizer’s report indicates overwhelming support for all resolutions. A total of 89,02,333 votes were polled on outstanding shares across all resolutions. In every case, 89,02,329 votes were cast in favor, while only 4 votes were cast against. This translates to 100% support in terms of vote count, with dissenting votes representing 0.00% of the total polled. Among members, 48 voted in favor while 2 voted against.

Regulatory Compliance and Next Steps

The voting results and the Scrutinizer’s Report have been submitted in accordance with Regulation 44(3) of the Listing Regulations. The recorded proceedings of the AGM are available on the company’s website. Sweta Jain, Company Secretary, signed the disclosure submitted to BSE Limited.