Mefcom Capital Markets promoter Priyanka Mehta has acquired 20,00,000 equity shares, representing a 4.38% stake in the company, through an off-market inter-se transfer. The acquisition, executed via a gift deed from immediate relative Karan Mehta, was disclosed to the BSE on September 17, 2026.

The transaction falls under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. It reflects a restructuring of holdings within the promoter group rather than an open-market purchase or external investment.

Shareholding Changes

Prior to the transfer, Priyanka Mehta held 17,500 shares (0.04%). Following the receipt of the gifted shares from Karan Mehta, her holding increased to 20,17,500 shares, or 4.41% of the total voting capital.

Karan Mehta’s stake correspondingly decreased by 4.38%, dropping from 36,25,000 shares (7.93%) to 16,25,000 shares (3.56%).

Other promoters, including Vijay Mehta (65.09%) and Ikma Infoway Private Limited (1.37%), saw no change in their respective stakes during this transaction.

What the Numbers Show

The promoter group’s aggregate holding remains static at 3,40,13,255 shares, constituting 74.43% of the total voting capital. This indicates that the gift deed served purely as an internal reallocation of equity among persons acting in concert, with no dilution or accretion to the group’s overall control over the company. No encumbrances or pledges were reported on the transferred shares.

Mefcom Capital Markets Limited reported a standalone net profit of ₹604.22 lakh for the quarter ended June 30, 2026, reversing the net loss of ₹457.77 lakh posted in the preceding quarter. The financial turnaround was supported by a sharp rise in total income, which climbed 117% quarter-on-quarter to ₹4,583.02 lakh, compared to ₹2,108.56 lakh in the prior period.

The company’s consolidated results mirrored this improvement, with consolidated income from operations reaching ₹5,007.26 lakh, up from ₹2,155.56 lakh in the previous quarter. On a consolidated basis, the firm recorded a net profit before tax of ₹722.97 lakh, contrasting with the pre-tax loss of ₹473.20 lakh reported in the earlier quarter.

Financial Performance Highlights

The following table outlines the key standalone and consolidated metrics for the quarter ended June 30, 2026, alongside comparative figures from the preceding and corresponding prior-year periods.

On a year-on-year basis, standalone total income remained relatively flat, declining slightly to ₹4,583.02 lakh from ₹4,674.17 lakh in the same quarter last year. However, profitability improved significantly, with the current quarter’s net profit of ₹604.22 lakh exceeding the ₹490.68 lakh profit recorded in Q1FY26.

What the Numbers Show

The divergence between standalone net profit and consolidated pre-tax profit highlights the contribution of subsidiaries or associates in the current period. While the standalone entity generated a net profit of ₹604.22 lakh after tax, the consolidated group achieved a higher pre-tax profit of ₹722.97 lakh. This suggests that inter-company eliminations or specific tax treatments at the group level may be influencing the final bottom line, warranting closer examination of the full consolidated financial statements for detailed tax expense breakdowns.

Balance Sheet and Equity

Mefcom Capital Markets’ paid-up equity share capital remained unchanged at ₹914.02 lakh. Reserves, excluding revaluation reserves, stood at ₹1,552.98 lakh as of the end of the quarter. The earnings per share (EPS) on a basic and diluted basis came in at ₹1.32, a notable improvement from the negative EPS of ₹1.00 in the previous quarter.

The unaudited financial results were reviewed by the audit committee and approved by the Board of Directors in a meeting held on August 13, 2026. The figures have been prepared in accordance with Indian Accounting Standards (Ind AS) adopted from April 1, 2017.