ph capital reported a net loss of ₹29.01 lakh for the quarter ended June 30, 2026, driven by a 98% drop in revenue from operations to ₹98.49 lakh from ₹5799.63 lakh in the previous year’s quarter. The Board of Directors approved these results on August 11, 2026, alongside significant strategic shifts including a proposed name change to “AHB Capital Limited,” a 10:1 bonus share issue, and authorization to raise up to ₹200 crore in funds. These moves signal a pivot away from its traditional trading business toward regulated financial services such as Portfolio Management Services (PMS) and Alternative Investment Funds (AIFs).

The financial contraction coincides with a change in control, prompting the Board to approve the renaming of the company subject to Registrar of Companies and shareholder approval. The Registrar has already made the name “AHB Capital Limited” available via a letter dated August 10, 2026, and BSE Limited has granted its approval. Statutory auditors M/s S.P. Jain and Associates issued a limited review report on the unaudited financial results, expressing an unmodified opinion.

Financial Performance

Total income for the quarter stood at ₹151.16 lakh, comprising ₹98.49 lakh from operations and ₹52.67 lakh from other income. Total expenses amounted to ₹189.93 lakh, resulting in a pre-tax loss of ₹38.77 lakh. After accounting for deferred tax benefits, the net loss was ₹29.01 lakh. Earnings per share (basic and diluted) were negative ₹0.97, compared to positive ₹23.34 in Q1FY26.

Strategic Restructuring and Capital Raise

The Board authorized the capitalization of up to ₹30,00,10,000 from free reserves to issue bonus equity shares in the ratio of 10:1. This requires increasing the authorized share capital from ₹4,00,00,000 to ₹44,00,10,000. Shareholders must approve these proposals at the ensuing Annual General Meeting (AGM). Additionally, the Board empowered whole-time directors to explore raising funds up to an aggregate amount not exceeding ₹200 crore through borrowings, debentures, or private placements.

The company also plans to incorporate one subsidiary in India for corporate advisory services and one overseas wholly-owned subsidiary for trading in securities. Furthermore, the Board approved shifting the registered office to Trade World, Lower Parel, Mumbai, effective August 11, 2026.

Leadership and Governance Changes

Mr. Nagendraa Parakh, an Additional Non-Executive Independent Director with over 35 years of experience including a tenure as Executive Director at SEBI, was appointed Chairman of the Board effective August 11, 2026. The Board also regularized the appointments of Mr. Aditya Himmat Bhansali and Ms. Disha Singhvi as Whole-time Directors, and Mr. Parakh as an Independent Director, all for five-year terms starting August 05, 2026. These appointments are subject to shareholder approval.

The company replaced its secretarial auditor, appointing M/s N. M. & Co. for a five-year term from FY2026-27 to FY2030-31, following the resignation of M/s D Maurya and Associates due to pre-occupation. M/s C.M Lopez was re-appointed as Internal Auditors for FY2026-27.

What the Numbers Show

The drastic reduction in revenue from operations—from nearly ₹58 crore to under ₹1 crore—suggests a significant winding down or pause in core trading activities during the quarter. However, the presence of ₹52.67 lakh in other income indicates that non-operating sources contributed substantially to the total income, mitigating what would have been a larger operational deficit. The company’s plan to raise up to ₹200 crore and enter new regulated businesses like Portfolio Management Services and Alternative Investment Funds signals a pivot towards capital-intensive, diversified financial services rather than pure trading.

P. H. Capital Ltd has restructured its Board of Directors with the appointment of three new members and the resignation of two existing directors, effective August 05, 2026. The move introduces fresh leadership across executive and independent roles, signaling a strategic shift in governance as Rikeen Dalal steps down as Whole-time Director and Sejal Rikeen Dalal resigns as Non-Executive Director.

The company notified BSE Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, citing SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The appointments were approved by the exchange following an initial intimation dated June 05, 2026.

New Appointments and Resignations

Aditya Himmat Bhansali (DIN: 03184474) joins as Additional Whole-time Director and Designated Director. Disha Singhvi (DIN: 11751597) is appointed as Additional Executive Director and Designated Director. Nagendraa Parakh (DIN: 10177336) takes office as Additional Non-Executive Independent Director and Non-Designated Director.

Committee Reconstitution

Consequent to these changes, the Board’s committees have been reconstituted effective August 05, 2026. Nagendraa Parakh chairs the Audit Committee, while Sougata Sengupta leads both the Nomination and Remuneration Committee and the Stakeholders Relationship Committee. Disha Singhvi chairs the Corporate Social Responsibility Committee.

The Audit Committee now includes Nagendraa Parakh as Chairperson, alongside Aditya Himmat Bhansali and Rakhi Sharma as members. The Nomination and Remuneration Committee comprises Sougata Sengupta as Chairperson, with Nagendraa Parakh and Rakhi Sharma as members. The Stakeholders Relationship Committee features Sougata Sengupta as Chairperson, supported by Disha Singhvi and Aditya Himmat Bhansali. Finally, the Corporate Social Responsibility Committee is chaired by Disha Singhvi, with Aditya Himmat Bhansali and Rakhi Sharma serving as members.