Mega Fin (India) Limited has scheduled an Extra-Ordinary General Meeting for Monday, September 21, 2026. The event will be conducted through video conferencing or other audio-visual means.

The company published the notice in The Free Press Journal and Nava Shakti on August 27, 2026. Archana Maheshwari, Non-Executive Independent Director, signed the disclosure to BSE Limited.

Meeting Details

The EGM is set for 3:00 pm IST. It complies with the Companies Act, 2013 and SEBI listing regulations. Members holding shares as of Friday, September 11, 2026, can vote electronically.

Remote e-voting begins Thursday, September 17, 2026 at 9:00 am and ends Sunday, September 20, 2026 at 5:00 pm. Bigshare Services Private Limited provides the platform. Proxy appointments are not available for this meeting.

Members who vote remotely cannot vote again during the live session. Body corporates may appoint authorized representatives to attend and vote.

Mega Fin (India) Limited reported a standalone net loss of ₹0.36 lakh for the quarter ended June 30, 2026, marking a sharp contraction in losses compared to the ₹5.26 lakh deficit posted in the immediately preceding quarter ended March 31, 2026. The Board of Directors approved the unaudited financial results on August 12, 2026, highlighting a reduction in operational expenditure as the primary driver behind the improved bottom line.

The company’s total income remained at zero for the period, with no interest or other income reported. Consequently, the financial performance was determined entirely by expenditure levels. Other expenses fell to ₹0.36 lakh in Q1FY26, down significantly from ₹5.26 lakh in the previous quarter and marginally lower than the ₹0.39 lakh incurred in the same quarter last year (Q1FY25). This decline in spending directly translated to the reduced net loss, as no tax provisions were made due to the absence of future taxable income certainty.

What the Numbers Show

The financial data reveals a near-total reliance on cost containment to mitigate losses, given the complete absence of revenue generation. With total income standing at zero across all reported periods, the company’s profitability is solely dependent on minimizing other expenses. The drastic drop in other expenses from ₹5.26 lakh in Q4FY26 to ₹0.36 lakh in Q1FY26 underscores a temporary stabilization in cash outflows, though the underlying business model continues to generate no top-line revenue.

Beyond the financial results, the filing disclosed significant regulatory compliance issues. Mega Fin (India) Limited has not conducted its Annual General Meeting (AGM) for the financial years ended March 31, 2025, and March 31, 2026, within the time prescribed under the Companies Act, 2013. This non-compliance affects statutory requirements, including the adoption of audited financial statements and annual filings. The company noted that such lapses may attract regulatory actions and penalties, the impact of which has not been quantified or disclosed in the financial statements.

The management affirmed its belief that the company is a going concern and will continue operations in the foreseeable future. The financial results were prepared in accordance with Indian Accounting Standards (Ind-AS) and reviewed by the Audit Committee prior to board approval. No deferred tax liability was considered due to the lack of virtual certainty regarding future taxable income.