Kalyan Capitals reported a consolidated net profit of ₹553.57 lakh for FY26, marking an 80.33% increase from the previous year's ₹306.98 lakh. The growth was underpinned by a 33.44% rise in consolidated revenue to ₹3,511.16 lakh.

Despite the strong group performance, the parent company's standalone net profit declined 36% to ₹102.42 lakh from ₹160.12 lakh in FY25. This divergence highlights the significant contribution of its subsidiary, Anmol Financial Services Limited, which saw its profit more than triple to ₹451.16 lakh.

Financial Performance

The NBFC-ICC expanded its loan book by approximately 45% to ₹23,614.59 lakh on a standalone basis. However, this aggressive asset growth was funded by a sharp increase in borrowings, which rose to ₹22,800.39 lakh from ₹17,243.76 lakh.

Consolidated revenue grew to ₹3,517.48 lakh, supported by interest income and gains from fair value changes in investments. The group's consolidated loan portfolio increased to ₹27,847.43 lakh.

What the Numbers Show

The financial data reveals a distinct operational split between the holding company and its subsidiary. While Kalyan Capitals' standalone finance costs surged 51.48% to ₹2,350.47 lakh—compressing margins—the subsidiary operated with significantly lower finance costs of ₹130.60 lakh. This cost structure allowed the subsidiary to generate the majority of the group's bottom line, illustrating a reliance on the subsidiary's efficiency to drive overall profitability despite the parent entity's rising funding expenses.

Governance and Compliance

The Board recommended no dividend for FY26 to strengthen the financial position. The company also appointed Mrs. Sandhya Kohli as an Independent Director effective June 23, 2026, replacing Mrs. Mamta Gupta who resigned.

Regulatory filings noted a delay in submitting the shareholding pattern for Q3 FY26, resulting in a penalty of ₹4,720 imposed by BSE Limited, which was subsequently paid.

Kalyan Capitals has scheduled its 42nd Annual General Meeting for September 28, 2026, to transact ordinary and special business. The meeting will be conducted through video conferencing or other audio-visual means in compliance with the Companies Act, 2013.

The primary focus of the special business is the approval of material related-party transactions proposed for FY27. The company seeks shareholder authorization for arrangements with promoter and promoter-group entities, including loans, credit facilities, and service agreements.

Related-Party Transaction Details

The board is seeking approval for transactions that may individually or collectively exceed ₹1,000 crore or 10% of the annual consolidated turnover, whichever is lower. As per the explanatory statement, the company’s annual consolidated turnover for the financial year ended March 31, 2026, was ₹3511.16 lakh.

Proposed transactions involve various entities linked to directors and promoters, such as Sunil Kumar Malik and Rajesh Gupta. These include inter-corporate loans, fund-based facilities, and common cost allocations. The company states these transactions are entered into on an arm’s length basis in the ordinary course of business.

Board Appointments

Shareholders will also vote on the re-appointment of Mr. Sunil Kumar Malik (DIN: 00143453) as a director, who retires by rotation. Additionally, a special resolution will be passed to appoint Mrs. Sandhya Kohli (DIN: 10527387) as an independent director for a term of five years, from June 23, 2026, to June 22, 2031.

Mrs. Kohli holds an MBA in Finance and has over 20 years of experience in the stock market. She currently serves as an independent director in several other listed entities, including Gem Enviro Management Limited and Alps Industries Limited.

Auditor Appointment

The meeting will also see the appointment of M/s. SVP & Associates, Chartered Accountants (FRN: 003838N), as the statutory auditor. Their tenure will span five years, from FY27 to FY31, succeeding the previous audit firm.

What the Numbers Show

The disclosure highlights a significant concentration of related-party exposure relative to the company's size. With a consolidated turnover of just over ₹35 crore in FY26, the proposed ceiling for transactions with Share India Securities Limited alone stands at ₹150 crore—approximately 4.2 times the prior year's total turnover. This suggests the company intends to substantially scale its funding and operational support within its promoter group ecosystem in the coming fiscal year.