Ratnakar Securities FY26 net profit falls 31% to ₹1.83 crore

Ratnakar Securities Limited reported a 31% decline in net profit to ₹1.83 crore for the financial year ended March 31, 2026, compared to ₹2.65 crore in the previous year. Revenue from operations decreased 20% to ₹17.93 crore from ₹22.47 crore in FY25, driven by a 27% drop in commission and fees income to ₹13.47 crore. The board approved the audited standalone and consolidated financial results at a meeting held on May 28, 2026. The company published the extracts of these results in the Financial Express on May 30, 2026, pursuant to Regulations 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ajay Nagindas Gandhi, Chief Financial Officer, certified compliance with Regulation 17(8) read with Regulation 33(2)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The certification confirms that the financial statements for the quarter and year ended March 31, 2026, present a true and fair view and are in compliance with accounting standards. The CFO affirmed there were no fraudulent, illegal, or violative transactions during the period and that internal controls over financial reporting were effective, with no significant changes in accounting policies or instances of significant fraud involving management.

M/s. Maheshwari & Goyal, Statutory Auditors of the Company, issued an audit report with an unmodified opinion on the annual audited standalone and consolidated financial statements for FY26. The financial results were prepared in accordance with Indian Accounting Standards 34.

Financial Performance

The company recorded a profit before tax of ₹1.86 crore for FY26, a significant decrease from ₹3.66 crore in the prior year. Total income for the period stood at ₹17.93 crore, down from ₹22.58 crore in FY25. Expenses for the year reduced to ₹16.08 crore from ₹18.92 crore, with employee benefit expenses rising to ₹2.33 crore from ₹2.22 crore.

Particulars	Year Ended March 31, 2026 (Audited)	Year Ended March 31, 2025 (Audited)
Revenue from Operations	17,93,182.01	22,46,889.75
Commission and Fees Income	13,46,935.41	18,44,590.00
Interest Income	4,55,520.97	3,99,329.00
Total Income	17,93,352.81	22,58,393.14
Total Expenses	16,07,790.53	18,92,058.64
Profit for the Year	1,83,415.02	2,65,488.90

Consolidated Results

On a consolidated basis, the company reported a net profit of ₹1.92 crore for FY26, compared to ₹2.32 crore in the previous year. Total revenue from operations for the group stood at ₹18.05 crore, down from ₹22.28 crore in FY25. The results include the financial performance of the wholly-owned subsidiary, Ratnakar Commodities Private Limited.

Key Disclosures

The company recognized a past service cost of ₹13.65 lakh for gratuity payable to employees following the notification of the Labour Codes by the Ministry of Labour and Employment in November 2025. Ratnakar Securities operates in a single business segment, 'Broking and related services', and therefore has no reportable segments as per Ind-AS 108.

The trading in securities of the company remains suspended by BSE Limited for violation of SEBI and Stock Exchange Regulations. The company has paid the BSE claim, listing fees, contingent liability, reinstatement, and revocation fees as per the Resolution Plan and is currently in the process of relisting its shares.

Ratnakar Securities Limited (Formerly known as Mangalya Soft-tech Limited) has notified BSE Limited of an upcoming board meeting scheduled for Thursday, May 28, 2026, at its registered office located at Shop-304, "Sankalp Square-2", Nr. Delux Appartment, Nr. Kalgi Char Rasta, Jalaram Temple, Paldi, Ahmedabad-380006. The intimation, dated May 18, 2026, has been filed in compliance with Regulation 29 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was signed by Managing Director Ajay Jayantilal Shah.

Board Meeting Agenda

The board meeting has been convened to transact the following key business items:

Agenda Item:	Details
Financial Results:	Audited Standalone and Consolidated Financial Results for the Quarter and Year ended March 31, 2026
Regulatory Compliance:	As per Regulation 33 of SEBI (LODR) Regulations, 2015
Other Business:	Any other business as may be decided by the Board of Directors

Trading Window Closure

Pursuant to the provisions of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the Trading Window closure period will conclude 48 hours after the financial results are made public on May 28, 2026.

Suspension of Trading and CIRP Status

The company has disclosed that trading in its securities remains suspended by the stock exchange due to violations of SEBI and stock exchange regulations. The company was previously under the Corporate Insolvency Resolution Process (CIRP), and the Resolution Plan was approved by the Hon'ble NCLT, Ahmedabad Bench vide order dated September 27, 2022.

Key developments related to the suspension and resolution process are summarised below:

The company is in continuous coordination with BSE officials regarding revocation of the suspension of trading in its securities.
In response to queries raised by BSE, the company has already submitted its response and clarifications and is awaiting further communication from the stock exchange.
Payments with respect to BSE Claim, Listing Fees, Contingent Liability, Reinstatement, and Revocation fees have been made as per the Resolution Plan.
The company remains committed to complying with all applicable SEBI and stock exchange requirements for revocation of the suspension.

The board meeting intimation was digitally signed by Ajay Jayantilal Shah, Managing Director (DIN: 00023582), on May 18, 2026.