Kumbhat Financial Services has scheduled its 33rd Annual General Meeting (AGM) for Thursday, September 24, 2026, at 11:00 am. The meeting will be conducted through Video Conferencing or Other Audio Visual Means in compliance with the Companies Act, 2013, and SEBI Listing Regulations.

The company’s Board of Directors approved the convening of the meeting to transact business as outlined in the official notice. The Annual Report for FY26, including financial statements for the year ended March 31, 2026, has been dispatched electronically to registered members.

E-voting and Book Closure Details

Remote e-voting facility is available through Central Depository Services (India) Limited. Members holding shares as of the cut-off date can cast their votes during the specified window.

Members who have already voted remotely may attend the AGM but are not entitled to vote again. Those who have not voted remotely can do so during the meeting.

Accessing the Notice and Annual Report

The notice and annual report are available on the company’s website and the BSE Limited portal. Members holding physical shares who have not registered email addresses can request login details by sending scanned copies of their share certificates, PAN cards, and address proof to the company secretary.

Members with dematerialised shares are advised to update their KYC details with respective Depository Participants to ensure seamless participation.

Kumbhat Financial Services reported a 39.23% year-on-year decline in profit after tax (PAT) for the financial year ended March 31, 2026, driven by a sharp rise in operating and finance costs.

The NBFC posted a PAT of ₹82.55 lakh for FY26, down from ₹135.85 lakh in the previous fiscal. Total income, however, surged 245.44% to ₹710.00 lakh from ₹205.54 lakh, reflecting significant expansion in lending operations.

Financial Performance

The company's profit before tax (PBT) fell 59.04% to ₹66.85 lakh against ₹163.20 lakh in FY25. Total expenditure skyrocketed 1,419.82% to ₹643.15 lakh from ₹42.34 lakh, primarily attributable to increased finance costs and fees associated with business expansion.

Basic earnings per share (EPS) declined 45.80% to ₹1.55 from ₹2.86.

What the Numbers Show

The divergence between revenue growth and profitability highlights the cost intensity of scaling lending operations. While interest income grew significantly, finance costs rose to ₹203.01 lakh from ₹73.25 lakh, and fees and commission expenses jumped to ₹357.69 lakh from ₹88.94 lakh. These expense increases outpaced revenue generation, compressing margins despite higher top-line figures.

Balance Sheet and Capital

Loans and advances stood at ₹2,689.51 lakh as of March 31, 2026, up from ₹1,773.44 lakh in the previous year. The company maintained an unsecured loan portfolio with provisions for credit-impaired assets totaling ₹29.50 lakh.

Net debt increased to ₹1,948.23 lakh from ₹1,119.01 lakh, as borrowings rose to ₹1,962.50 lakh against cash and cash equivalents of ₹14.27 lakh. The net owned fund (NOF) was ₹612.21 lakh, meeting the current RBI requirement of ₹5 crore.

Corporate Actions

The Board did not recommend any dividend for FY26. The company has scheduled its 33rd Annual General Meeting for September 24, 2026, to approve audited financials and seek shareholder consent for enhancing borrowing limits to ₹43 crore.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE795E01019/85f2e167-b6fc-4614-9d09-06c3dab2d142.pdf