Ranjit Securities reported a net profit of ₹6.65 lakh for the financial year ended March 31, 2026, down sharply from ₹51.03 lakh in the previous year. The Indore-based non-banking financial company (NBFC) saw its revenue from operations rise by 68% to ₹150.63 lakh, driven by higher interest income, though this growth was offset by rising operational costs and loan provisions.

The Board of Directors approved the standalone audited financial results on September 1, 2026. The company continues its strategy of not accepting public deposits, focusing instead on lending activities as a non-systemic, non-deposit-taking NBFC.

Financial Performance

Total revenue for the year stood at ₹182.14 lakh, compared to ₹142.44 lakh in FY25. While operating revenue expanded significantly, other income contributed ₹31.51 lakh, down from ₹52.62 lakh in the prior year. Total expenses rose to ₹170.95 lakh from ₹77.74 lakh, primarily due to higher other expenses and provisions for loans.

Profit before tax was ₹11.20 lakh, a significant decline from ₹64.70 lakh in FY25. The company recorded a provision for loans of ₹12.94 lakh, up from ₹4.53 lakh in the previous year, reflecting increased credit risk management. Employee benefit expenses also rose to ₹46.46 lakh from ₹36.64 lakh.

Balance Sheet and Assets

As of March 31, 2026, the company’s total assets stood at ₹617.17 lakh, down from ₹710.57 lakh in the prior year. Loans, which form the core of its financial assets, remained stable at ₹519.39 lakh. However, investments dropped significantly to ₹27.64 lakh from ₹137.28 lakh, indicating a shift in asset allocation or realization of earlier investments.

Cash and cash equivalents improved to ₹45.76 lakh from ₹23.30 lakh, strengthening the liquidity position. The company had no borrowings as of March 31, 2026, having cleared its outstanding debt of ₹84.20 lakh from the previous year-end. Total equity attributable to owners rose slightly to ₹603.04 lakh from ₹596.39 lakh.

What the Numbers Show

The divergence between revenue growth and profit decline highlights pressure on operational efficiency. While top-line revenue grew nearly 68%, total expenses more than doubled, driven largely by a surge in 'other expenses' to ₹107.24 lakh from ₹30.97 lakh. This suggests that cost controls or pricing power did not keep pace with the expansion in lending activities, severely compressing net margins despite higher income generation.

Regulatory Compliance

The statutory auditors, B. Bansal & Co., issued an unmodified opinion on the financial statements. The company confirmed compliance with RBI prudential norms for NBFCs and stated that no public deposits were accepted during the year. Overdue loans exceeding ninety days amounted to ₹92.21 lakh, up from ₹81.27 lakh in the previous year, requiring continued monitoring by management.

Ranjit Securities has scheduled its 32nd Annual General Meeting (AGM) for September 30, 2026. The meeting will feature a special resolution to change the company’s name to Ranjit Finance Limited, aiming to better reflect its business activities.

The Indore-based non-banking financial company (NBFC) also seeks shareholder approval to appoint M/s. B. Bansal & Company as statutory auditors for FY26 and for the term ending March 2031. This follows the resignation of M/s. Ritesh Talreja & Associates in June 2026.

Book Closure and Record Date

The Register of Members and Share Transfer Book will remain closed from September 24, 2026, to September 30, 2026 (both days inclusive). This closure is for the purpose of determining shareholders eligible to vote at the 32nd AGM. Remote e-voting will be available from September 27, 2026, to September 29, 2026.

Board Approves Audited Results and AGM Date

The Board of Directors, meeting on September 1, 2026, approved the standalone audited financial results for FY26. The auditors issued an unmodified opinion on the financial statements. Additionally, the board fixed September 30, 2026, as the date for the company’s 32nd Annual General Meeting, to be held at its registered office in Indore at 11:00 am.

Financial Performance

Revenue from operations climbed significantly, driven by core lending activities. Other income contributed ₹31.51 lakh to the top line, bringing total revenue to ₹182.14 lakh, a 28% increase over FY25’s ₹142.44 lakh.

Expenses surged 120% year-on-year to ₹170.95 lakh. Key drivers included a rise in employee benefit expenses to ₹46.46 lakh from ₹36.64 lakh and other expenses jumping to ₹107.24 lakh from ₹30.97 lakh. The provision for loans also increased to ₹12.94 lakh, up from ₹4.53 lakh in the prior year.

What the Numbers Show

A critical divergence exists between revenue growth and expense management. While revenue grew nearly 68%, total expenses more than doubled (120%). Specifically, "other expenses" accounted for 63% of total costs in FY26, compared to just 40% in FY25. This structural shift in cost composition eroded the operational leverage gained from higher lending volumes, resulting in a net profit margin of just 3.7% against 35.8% in FY25.

Balance Sheet & Regulatory Compliance

As on March 31, 2026, the company held cash and cash equivalents of ₹45.76 lakh. Loans outstanding stood at ₹519.39 lakh, forming the bulk of its financial assets. The balance sheet shows no borrowings or debt securities, indicating an equity-funded model.

Auditors B. Bansal & Co. issued an unmodified opinion on the standalone financial statements. They noted that overdue amounts for more than ninety days rose to ₹92.21 lakh from ₹81.27 lakh in the previous year. The company remains compliant with RBI prudential norms for non-systemic, non-deposit taking NBFCs.

Quarterly Context

For Q4FY26, the company reported a loss before tax of ₹34.32 lakh, contrasting with a profit of ₹34.63 lakh in Q3FY25. This volatility highlights the impact of periodic provisioning and expense recognition on quarterly earnings stability.

AGM Agenda Details

The AGM notice outlines several ordinary and special business items:

• Auditor Appointment: Approval of M/s. B. Bansal & Company as statutory auditors to fill the casual vacancy caused by the resignation of M/s. Ritesh Talreja & Associates. Their appointment covers FY25-26 and extends to FY2030-31.
• Financial Statements: Adoption of the audited financial statements for the financial year ended March 31, 2026.
• Director Re-appointment: Re-appointment of Mr. Ranjeet Singh Hora as a director retiring by rotation.
• Name Change: A special resolution to change the company name from "Ranjit Securities Limited" to "Ranjit Finance Limited," subject to regulatory approvals.

Shareholder Communication Updates

Pursuant to Regulation 30 and 36(1)(b) of SEBI (LODR) Regulations, 2015, the company has dispatched physical letters to shareholders who have not registered their email addresses. These letters contain web-links to the complete details of the 32nd Annual Report. The cut-off date for this communication was August 28, 2026.

The company also reminded shareholders holding physical securities to update their KYC details, including PAN, address, mobile number, bank account details, specimen signature, and nomination choice, as mandated by SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. Failure to update these details may restrict payments to electronic mode only.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE863D01017/0dbc6c70-acb0-401e-bb82-e3fbdbca54dc.pdf