Ranjit Securities Limited shareholders approved a special resolution to change the company's name to Ranjit Finance Limited during its 32nd Annual General Meeting held on September 30, 2026. The move aims to better reflect the nature of the company's principal business activities.

The name change received requisite approvals from concerned authorities, including the Registrar of Companies. The company stated that this alteration does not involve any change in its legal entity, shareholding pattern, management, or business operations. It will continue to comply with all applicable statutory and regulatory requirements under the new name.

Auditor appointments ratified

Members approved the appointment of M/s B. Bansal & Company as Statutory Auditors to fill a casual vacancy caused by the resignation of the previous auditor. This appointment is effective from the conclusion of the Board Meeting until the conclusion of the ensuing Annual General Meeting.

Additionally, M/s B. Bansal & Company was appointed as Statutory Auditors for a five-year term, spanning FY27 to FY31. The firm, with registration number 000450C, has experience in audit and assurance services. No relationships requiring disclosure were reported between the auditor and the company.

Director re-appointment

The AGM approved the re-appointment of Mrs. Ranjeet Kaur Hora as a director. She retires by rotation and offers herself for re-appointment. Her profile highlights over 20 years of experience in administration and management.

Mrs. Hora is the spouse of Mr. Taranjeet Singh Hora and mother of Mr. Harman Singh Hora, who serves as the Managing Director. She holds no other directorships in outside companies.

What the Numbers Show

The shift from "Securities" to "Finance" in the company name signals a strategic alignment with its core operational focus. While the company retains its existing management structure and shareholder base, including Mrs. Hora’s significant 15.29% stake, the rebranding suggests a potential pivot or clarification in how it wishes to be perceived in the capital markets, moving away from a purely securities-trading identity toward a broader financial services designation.

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.