Pyxis Finvest Limited adopted its audited standalone financial statements for the fiscal year ended March 31, 2026, during its 21st Annual General Meeting (AGM) held on September 30, 2026. The resolution was approved unanimously by members present and entitled to vote.

The meeting took place at the company's corporate office in Mumbai, concluding at 11:45 am. Mr. Nahar Singh Mahala, Independent Director, chaired the session. The requisite quorum was present, with representatives from the statutory and secretarial auditors attending as invitees.

Voting Results and Attendance

Voting was conducted via show of hands, as the company is listed on the SME platform of BSE Limited and is exempt from providing electronic voting facilities under the Companies (Management and Administration) Rules, 2014. A total of 8,60,385 shares were voted in favor of the resolution, representing 100% of the votes cast.

Shareholder Participation Dynamics

Attendance records highlight a significant concentration of voting power among promoters. While only two promoter group members attended (one in person, one via proxy), they represented a substantial portion of the share capital. Notably, one promoter member holding 58.49% of the paid-up equity share capital attended through a proxy but was not entitled to vote on a show-of-hands basis under Section 105(1) of the Companies Act, 2013. Consequently, this large block of shares did not contribute to the valid votes cast for the resolution.

Public shareholders accounted for a minimal fraction of attendance, with eight members holding just 0.02% of the share capital participating in person. No institutional public holders voted on the agenda item.

Procedural Details

The meeting commenced with the Chairman briefing members on the company's performance and operations during FY26. No queries were raised by the members regarding the financial statements or board reports. With no other business to transact, the meeting concluded shortly after the adoption of the financial statements. The company filed the proceedings and voting results with BSE Limited under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pyxis Finvest Limited has fixed September 25, 2026, as the record date for its 21st Annual General Meeting (AGM). The meeting is scheduled for September 30, 2026, to approve audited financial results for FY26.

The company reported a net loss of ₹110.43 lakh for FY26, a sharp reversal from the net profit of ₹33.73 lakh recorded in FY25. Shareholders on record as of September 25, 2026, are eligible to vote at the meeting, which will commence at 11:00 am at the corporate office in Mumbai.

Financial Performance

Total income rose slightly to ₹153.91 lakh from ₹147.72 lakh in the previous year. However, total expenses surged to ₹295.49 lakh from ₹102.13 lakh, primarily due to higher fair-value losses on securities, bad debts written off, and increased prudential provisions.

Interest income fell to ₹85.17 lakh from ₹169.47 lakh. Conversely, other revenue from operations turned positive at ₹13.33 lakh, compared to a loss of ₹21.76 lakh in FY25, aided by a recovery of ₹55.42 lakh from National Spot Exchange Limited (NSEL) dues.

Auditor Appointments

Based on Audit Committee recommendations, the board re-appointed the following firms for FY27:

• Internal Auditor: M/s. MAKK & Co. (formerly M/s. R Jaitlia & Co.), Chartered Accountants.
• Secretarial Auditor: M/s. Kothari H. & Associates, Practising Company Secretaries.

The board noted no relationships between directors and the appointed audit firms. M/s. Bharat Gupta & Co. continues as the statutory auditor.

What the Numbers Show

The shift to a net loss was driven by non-operational factors rather than core lending activity alone. While interest income declined significantly, the recognition of ₹55.42 lakh in NSEL recoveries helped offset some trading losses. However, a net loss on fair value changes of ₹83.99 lakh and bad debts written off of ₹62.32 lakh outweighed these gains. Additionally, an RBI prudential provision of ₹97.00 lakh was made against a sub-standard asset of ₹970.00 lakh, reflecting heightened credit risk concentration in the loan portfolio.