Laxmi India Finance promoters hold 60.3% stake in FY26

Promoters of Laxmi India Finance Ltd collectively hold 60.3% of the total shareholding as on March 31, 2026. Deepak Baid, a promoter, disclosed this in a filing submitted to the stock exchanges under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure confirms that the promoters, along with the promoter group and Persons Acting in Concert (PAC), hold 3,15,23,468 equity shares.

The filing further confirms that neither the promoters nor any member of the promoter group, along with any Person Acting in Concert, created any encumbrance directly or indirectly on the shares of the company during the financial year ended March 31, 2026. This declaration was made by Deepak Baid on behalf of the promoters, promoter group, and Persons Acting in Concert.

Shareholding Breakdown

The detailed shareholding pattern reveals the distribution of shares among the promoters and the promoter group. M/s. Hirak Vinimay Private Limited holds the largest stake within the promoter group at 41.61%, followed by Mr. Deepak Baid with an 8.23% holding.

Name of Shareholder	Category	No. of Shares	% of Shareholding
Mr. Deepak Baid	Promoter	43,00,000	8.23
Mrs. Aneesha Baid	Promoter	10,00,000	1.91
Mrs. Prem Devi Baid	Promoter	5,00,000	0.95
M/s. Hirak Vinimay Private Limited	Promoter	2,17,48,484	41.61
M/s. Deepak Hitech Motors Private Limited	Promoter	26,21,082	5.01
M/s. Prem Dealers Private Limited	Promoter	9,89,114	1.89
M/s. Vivan Baid Family Trust	Promoter	14,400	0.03
Mrs. Rashmi Giria	Promoter Group	2,64,876	0.51
Mrs. Preeti Chopra	Promoter Group	84,612	0.16
Mr. Shanti Prasad Chhajer	Promoter Group	900	0.00
Total		3,15,23,468	60.3

The disclosure was addressed to the Listing Compliance Departments of BSE Limited and National Stock Exchange of India Limited. The company, formerly known as Laxmi India Finance Private Limited, is based in Jaipur, Rajasthan.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.27%	-11.83%	-13.25%	-20.78%	-25.86%	-25.86%

Laxmi India Finance Limited has released the transcript of its earnings call held on May 14, 2026, discussing the audited standalone financial results for the quarter and financial year ended March 31, 2026. The disclosure was made pursuant to Regulation 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance for FY26

The company reported a strong financial performance for FY26, with Profit After Tax (PAT) increasing by over 38% to INR 49.7 crores. Net Interest Income (NII) grew by nearly 39% year-on-year to INR 161 crores, driven by healthy portfolio growth and improved branch productivity. The Net Interest Margin (NIM) expanded to 11.26%, while the average cost of borrowing reduced to 10.8% from 11.48% in the previous financial year.

Asset Quality and Capital Adequacy

Asset Under Management (AUM) reached INR 1,626 crores as of March 26, reflecting a year-on-year growth of over 27%. The on-book AUM stood at approximately INR 1,519 crores. The company maintained a healthy asset quality profile with Gross NPA at 2.13% and Net NPA at 1.09%. The capital position strengthened significantly, with Net Worth increasing to approximately INR 465 crores and the Capital Adequacy Ratio improving to over 26%.

Operational Metrics

Disbursements during the year stood at INR 821 crores, and the customer base expanded to more than 42,800. The branch network grew to 176 branches across six states, including recent expansions into Maharashtra and Uttar Pradesh. The company secured a credit rating upgrade from Acuite Ratings to 'Acuite A/Stable outlook' and maintains relationships with over 40 lenders.

Key Metric	FY26 Value
AUM	INR 1,626 crores
Net Profit	INR 49.7 crores
Net Interest Income	INR 161 crores
Net Interest Margin	11.26%
Gross NPA	2.13%
Net NPA	1.09%
Capital Adequacy Ratio	> 26%

Future Outlook

Management expects AUM to compound at around 30% to 35% annually over the medium term. With improving operating leverage, PAT growth is projected to be stronger at around 40% to 45% in the current year. The company remains focused on calibrated growth, geographical expansion, and strengthening its liability franchise to reduce borrowing costs further.