Mefcom Capital Markets Limited reported a net loss of ₹185.13 lakh for the financial year ended March 31, 2026, an improvement from the net loss of ₹273.46 lakh recorded in the previous year. Total revenue for the year stood at ₹10,883.61 lakh, down from ₹20,669.86 lakh in FY25, primarily due to a diminution in the valuation of stock-in-trade. The company’s Board of Directors has recommended the adoption of the audited financial statements and sought shareholder approval for several key resolutions, including the sale of its subsidiary stake and the ratification of managerial remuneration paid in excess of statutory limits.

Financial Performance

The company’s standalone total revenue for FY26 was ₹10,883.61 lakh, compared to ₹20,669.86 lakh in the previous year. The reduction in revenue and the incurred loss were largely attributed to a diminution in the valuation of stock-in-trade amounting to ₹100.47 lakh. Despite the challenging market conditions, the company successfully resumed merchant banking activities, managing the IPO of Globe Civil Projects Limited, which raised ₹119 crore. The consolidated financial statements reflected a total revenue of ₹11,413.60 lakh and a net loss of ₹223.30 lakh for the group.

Sale of Subsidiary Stake

The Board has approved the sale of the company's entire 60% shareholding in its subsidiary, Mefcom Securities Limited, to Promoter and Managing Director Mr. Vijay Mehta. The transaction, valued based on an independent valuation report dated June 30, 2026, is intended to facilitate strategic business restructuring. The proposal has received no-objection letters from BSE Limited and the National Stock Exchange of India Limited. Mr. Vijay Mehta has already advanced ₹250 lakh to the company in connection with this transaction. Upon completion, Mefcom Securities Limited will cease to be a subsidiary of the company.

Managerial Remuneration

Shareholders will vote on resolutions to ratify the managerial remuneration paid to Executive Directors for FY26, which exceeded the limits prescribed under Section 197 of the Companies Act, 2013. The company is also seeking approval to pay remuneration that may exceed statutory limits for the upcoming financial year, FY27, citing inadequate profits. The remuneration details for the Executive Directors are as follows:

Other Agenda Items

The Annual General Meeting will also consider the re-appointment of Mr. Sameer Rajendra Purohit, who retires by rotation and is eligible for re-appointment. Additionally, shareholders will vote on a special resolution to approve the continuation of Dr. Shri Ram Khanna as a Non-Executive Independent Director beyond the age of 75 years. Dr. Khanna, who turns 75 on July 22, 2026, has a term ending on January 30, 2030.

Meeting Details

The 41st Annual General Meeting is scheduled for August 8, 2026, at 12:30 P.M. IST at E-15, Ansal Villas, Satbari, New Delhi-110030. Remote e-voting facilities will be available from August 5, 2026, at 9:00 am to August 7, 2026, at 5:00 pm. The record date for determining shareholder eligibility for e-voting is August 1, 2026.

Mefcom Capital Markets reported a consolidated net loss of ₹223.30 lakh for the financial year ended March 31, 2026, widening from a net loss of ₹211.19 lakh in the previous year. Revenue from operations fell significantly to ₹11,368.72 lakh in FY26 from ₹22,055.29 lakh in FY25. The company's Board of Directors approved these results at a meeting held on May 27, 2026.

The company submitted a revised filing to the BSE on July 10, 2026, to address a discrepancy regarding the format of the Auditor's Report accompanying the Consolidated Financial Results. The exchange had observed that the report did not comply with SEBI Circular No. CIR/CFD/CMD1/80/2019 dated July 19, 2019, as the list of entities included in the Consolidated Financial Statements was omitted. Mefcom Capital Markets clarified that the omission was inadvertent and clerical, and the revised submission includes the prescribed disclosure without any alteration to the financial figures.

The audited consolidated financial results include the financials of one subsidiary, Mefcom Securities Limited. The subsidiary reported total assets of ₹466.67 lakh, total revenue of ₹39.77 lakh for the quarter and ₹512.84 lakh for the year, and a net loss of ₹15.43 lakh for the quarter and ₹38.16 lakh for the year ended March 31, 2026. Satya Prakash Garg & Co., the statutory auditors, confirmed that there were no changes to the financial results approved by the Board.

Financial Performance

The total income for the year stood at ₹11,413.60 lakh, a sharp decrease from ₹22,087.33 lakh in the prior year. Total expenses for FY26 were ₹11,636.90 lakh, compared to ₹22,301.32 lakh in FY25. The company reported a basic and diluted earnings per share (EPS) of (₹0.46) for FY26, compared to (₹0.52) in the previous year.

Segment Results

The company operates primarily through two segments: Trading in Shares & Securities and Merchant Banking Service. The Trading in Shares & Securities segment generated revenue of ₹10,690.13 lakh but reported a segment loss of ₹169.46 lakh for the year. The Merchant Banking Service segment reported revenue of ₹678.68 lakh and a segment profit of ₹206.88 lakh.

The auditors confirmed that the company has adequate internal financial controls over financial reporting, which were operating effectively as of March 31, 2026. The report also noted that the company did not accept any deposits during the year and had not raised any money through public offers or debt instruments.