Minolta Finance Ltd has received a declaration from its promoters and persons acting in concert (PAC) confirming that no encumbrance has been created on the shares held by them during the financial year 2025-26. The disclosure, submitted on June 08, 2026, was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulatory requirement ensures transparency regarding the pledging or mortgaging of shares by key stakeholders, which is critical for assessing the risk associated with promoter holdings.

The declaration was submitted by Pramod Kumar Srivastva on behalf of Sugam Commercial Private Limited, a promoter of the company. Srivastva provided the disclosure for himself and on behalf of other members of the promoter group and persons acting in concert. The filing was addressed to the stock exchanges, including BSE Limited and The Calcutta Stock Exchange Ltd, to formally record the compliance status for the period ending March 31, 2026.

Promoter and PAC Details

The confirmation covers a comprehensive list of promoters and promoter group entities. The following table details the entities included in the declaration:

The submission was signed by Shefali Gupta, Company Secretary & Compliance Officer of Minolta Finance Ltd. The document confirms that neither the promoters nor the persons acting in concert have created any direct or indirect encumbrance on their shareholdings during the specified financial year.

Minolta Finance Limited reported a net loss of ₹142.81 crore for the financial year ended March 31, 2026, a significant decline from the net profit of ₹1.22 crore recorded in the previous year. The company’s total income for FY26 stood at ₹1,196.92 crore, while total expenses rose to ₹1,401.97 crore. The board of directors approved the audited financial results for the year during a meeting held on March 26, 2026, and the results were published in Ek Din on March 28, 2026.

The statutory auditors, M/s JCR & Co. LLP, issued a qualified opinion on the standalone financial results. The auditors noted that the company reclassified a loan account from "Doubtful Asset" to "Sub-Standard Asset" and reduced Expected Credit Loss (ECL) provision by ₹1.84 crore based on a Tax Deducted at Source (TDS) deposit, despite no actual recovery being made by the reporting date. Additionally, interest expense was not provided for loan accounts amounting to ₹3.38 crore due to missing documents, preventing quantification of the understatement. Interest expense of approximately ₹2.43 crore for one borrower was also not provided, understating finance costs and current liabilities.

The auditor’s report further highlighted that the company holds quoted and unquoted investments of ₹62.96 lakhs without ownership documents, making it impossible to comment on their carrying value. The auditors also noted that the company did not obtain prior written permission from the Reserve Bank of India for a change in management in FY 2024-25, which could result in monetary penalties or regulatory action.

Financial Results for FY26

The following table summarizes the standalone financial performance for the year ended March 31, 2026: