P.M. Telelinnks Limited has scheduled its 46th annual general meeting for September 30, 2026, to seek shareholder approval for a ₹15 crore preferential equity issue. The capital raise follows a recent change in control after BSL Infrastructure Limited acquired a 48% stake in the company.

The meeting will also regularize the appointments of new directors appointed following the takeover. Remote e-voting for the resolutions will commence on September 27, 2026, with a cutoff date for voting eligibility set at September 23, 2026.

Preferential Issue Details

The Board approved the preferential allotment of up to 1,50,00,000 equity shares at ₹10 per share, aggregating to ₹15 crore. The funds are intended to address working capital requirements and support business expansion following the acquisition.

Four non-promoter entities have been identified as proposed allottees. Each investor will subscribe to an equal tranche of 37,50,000 shares.

Capital Restructuring

The Board approved increasing the authorised share capital from ₹12 crore (1.2 crore equity shares of ₹10 each) to ₹27 crore (2.7 crore equity shares of ₹10 each). This requires shareholder approval and consequential amendments to the memorandum of association.

Board Appointments

Shareholders will vote to regularize the appointments of four directors who were appointed as Additional Directors on July 29, 2026, following the change in control:

• Mr. Neerav Hans as Director and Chairman
• Mr. Hari Om Parkash as Whole-time Director
• Ms. Kritika Gupta as Non-Executive Independent Director
• Mr. Kawal Singh as Non-Executive Independent Director

What the Numbers Show

The preferential issue is priced at par with the face value of ₹10. Post-allotment, the four new investors will collectively hold approximately 59.84% of the post-issue equity base. This indicates significant dilution for existing promoters, whose stake is expected to fall from 48% to roughly 19.30%, while the new investors gain controlling influence alongside the promoter group.

The company reported a net loss of ₹388.18 lakh for FY26, down from a profit of ₹0.50 lakh in FY25, driven largely by exceptional items related to the acquisition process. The ₹15 crore infusion aims to stabilize working capital amidst this transition.

Rich N Rich Finance and Holdings Limited reported a strong financial turnaround for the first quarter of FY27, posting a net profit of ₹24.66 lakh compared to a loss of ₹30.31 lakh in the corresponding period of the previous fiscal year.

The company’s total income climbed significantly to ₹82.32 lakh from ₹19.31 lakh in Q1FY26, driven by higher operational activity. This top-line growth translated directly into the bottom line, with the firm returning to profitability after recording a loss in the prior year's quarter.

Financial Performance Overview

The quarterly results highlight a substantial improvement in both revenue generation and cost management. The net profit before tax stood at ₹24.66 lakh, matching the post-tax figure as no exceptional items were reported for the period.

The earnings per share (EPS) improved to ₹0.37 from a loss of ₹0.60 per share in the previous year. For the full year ended March 31, 2026, the company had reported a net profit of ₹52.18 lakh on total income of ₹287.58 lakh.

What the Numbers Show

The most notable aspect of the Q1FY27 results is the complete reversal of profitability dynamics. While total income increased by over four times compared to the prior year quarter, the net profit swung from a significant loss to a positive figure. This suggests that the additional revenue generated was not only sufficient to cover fixed costs but also contributed meaningfully to the bottom line, indicating improved operational leverage or margin expansion during the period.

Governance and Compliance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on August 14, 2026. The financial statements were prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. The statutory auditors have issued a limited review report on the results.

The company operates in a single segment, making segmental reporting under Ind AS-108 not applicable. Figures for previous periods have been regrouped where necessary to ensure comparability.