Rentomojo has submitted its Annual Report for the financial year 2025-26 to stock exchanges, confirming the document is available on the company website. This submission follows the earlier intimation regarding the scheduling of its 14th Annual General Meeting (AGM).

The report was filed on October 16, 2026, in continuation of the letter dated October 15, 2026, which notified exchanges of the upcoming AGM. The annual report and the notice for the 14th AGM are accessible via the company's investor relations portal.

Key AGM logistics

The 14th AGM is scheduled for November 6, 2026, at 11:00 am, via Video Conferencing/Other Audio-Visual Means. The meeting falls within an extended period granted by the Registrar of Companies, Bangalore, under the first proviso to Section 96(1) of the Companies Act, 2013.

Ordinary business agenda

The AGM will transact the following ordinary business items:

• Adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026
• Re-appointment of Mr. Ketan Krishna (DIN: 09032220), Executive Director, who retires by rotation
• Appointment of Price Waterhouse Chartered Accountants LLP (Firm Registration Number: 012754N/N500016) as statutory auditor for a term of 5 years, from the conclusion of the 14th AGM to the conclusion of the 19th AGM

Special business agenda

Seven special business resolutions are also on the agenda:

• Appointment of M/s V Sreedharan and Associates (Firm Registration No. P1985KR14800) as secretarial auditor for a term of 5 consecutive years
• Approval of special rights of Mr. Geetansh Bamanian, Promoter, to nominate a maximum of 2 executive directors at all times so long as he remains Promoter
• Approval of special rights of Accel India (Mauritius) Limited to nominate a maximum of 1 nominee director, so long as Accel holds 10% of the post-offer share capital on a fully diluted basis
• Amendment of the Articles of Association to insert Article 101A codifying the above nomination rights
• Ratification of the Rentomojo Employee Stock Option Plan 2024 (ESOP 2024), covering up to 4,968 options convertible into 48,93,040 equity shares of face value Re. 1/- each
• Ratification of the Rentomojo Employee Stock Option Pool Plan 2026 (ESOP 2026), covering up to 1,239 options convertible into 12,20,177 equity shares of face value Re. 1/- each
• Revision in remuneration payable to Mr. Geetansh Bamanian (DIN: 05200651), Chairperson, Managing Director and Chief Executive Officer, for a period of 3 years from April 1, 2026 to March 31, 2029

CMD & CEO remuneration details

The Board, at its meeting held on October 5, 2026, approved revised remuneration terms for Mr. Geetansh Bamanian subject to member approval. The key remuneration parameters are as follows:

The remuneration revision is subject to member approval by way of a special resolution under Regulation 17(6)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as the remuneration may exceed ₹5 crore or 2.5% of net profits, whichever is higher.

Company financial performance (standalone, FY26)

The following financial indicators for FY26 are disclosed in the AGM notice pursuant to Schedule V of the Companies Act, 2013:

Investor shareholding and ESOP details

Accel India IV (Mauritius) Limited holds 1,33,61,024 equity shares, representing 12.8329% of the post-listing paid-up capital. Mr. Geetansh Bamanian holds 13.49% of the share capital and 1,40,48,557 equity shares.

Under ESOP 2024, the maximum pool is 4,968 options exercisable into 48,93,040 shares, with each option equivalent to 984.080 equity shares. Under ESOP 2026, the maximum pool is 1,239 options exercisable into 12,20,177 shares, representing approximately 1.17% of the paid-up equity share capital. Both plans were approved by the Board and shareholders on March 5, 2026 and March 6, 2026 respectively, prior to listing, and are now placed before members for ratification under Regulation 12(1) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company's equity shares were listed on BSE Limited and National Stock Exchange of India Limited on September 17, 2026.

Rentomojo Limited reported revenue from operations of ₹1,263.3 million for the quarter ended June 30, 2026 (Q1FY27), marking a 51.1% year-on-year increase. This growth was driven by a rise in live items and items ordered, reflecting strong demand for its furniture and appliance rental services.

Reported net profit for the quarter stood at ₹78.4 million, a decline of 38.6% compared to ₹127.67 million in the corresponding period last year. The dip was primarily attributed to an exceptional item of ₹113.7 million arising from a fire incident at a sub-leased warehouse in Noida, alongside a deferred tax expense of ₹27.3 million. Excluding these non-recurring charges, normalised profit after tax grew 71.8% YoY to ₹219.3 million.

The company’s operational metrics showed robust expansion. Live subscribers increased by 36.3% YoY to 283,058, while gross items ordered surged 45.8% YoY to 329,159. Average occupancy rate improved by 234 basis points YoY to 85.7%, indicating efficient asset utilisation.

Financial Performance Overview

The following table summarises the key financial metrics for Q1FY27 compared to prior periods:

Operational Highlights

Rentomojo continued to scale its network and user base significantly during the quarter:

• Live Items: Grew 41.0% YoY to 922,631 units.
• Experience Stores: Expanded to 89 stores across 14 cities as of June 30, 2026, adding 34 stores YoY.
• Purchase Displaced: Increased 51.6% YoY to ₹4,136.84 million, highlighting the value proposition of renting over buying.
• Items per User: Stable at 2.8, with a 6.0% YoY increase in average subscription depth.
• Water Purifiers: Orders increased 199% YoY, emerging as a key adjacent category.

Board Approvals and Auditor Appointment

The Board of Directors, at its meeting held on October 5, 2026, approved the unaudited standalone and consolidated financial results for Q1FY27. The Board also recommended the appointment of Price Waterhouse Chartered Accountants LLP (Firm Registration Number: 012754N/N500016) as the Statutory Auditors for a term of five consecutive years, commencing from the conclusion of the 14th Annual General Meeting (AGM) until the conclusion of the 19th AGM in 2031. This appointment is subject to shareholder approval at the ensuing AGM.

Price Waterhouse replaces Deloitte Haskins & Sells LLP, whose term expired. Price Waterhouse is a member firm of Price Waterhouse & Affiliates, with more than 120 Assurance Partners as of April 1, 2026.

Additionally, the Board approved Ms. Deepika N. Bhandiwad, Company Secretary, as the Compliance Officer under the SEBI (Prohibition of Insider Trading) Regulations, 2015, and authorised her along with CFO Mr. Hakim F. Ujjainwala to determine the materiality of events or information.

Exceptional Items and IPO Context

Regarding the exceptional item, the company recorded a charge of ₹113.7 million due to fire damage at its Noida warehouse. Management stated that insurance claims have been filed and no material adverse impact is expected on the overall financial position given the coverage in place. There was no loss of life or injury in the incident.

It is noted that Rentomojo completed its Initial Public Offer (IPO) subsequent to the quarter ended June 30, 2026. The equity shares were listed on NSE and BSE on September 17, 2026. The IPO comprised a fresh issue of 3,714,482 equity shares aggregating to ₹1,500.00 million and an offer for sale of 27,365,529 equity shares aggregating to ₹11,055.67 million.

What the Numbers Show

A divergence exists between reported and normalised profitability metrics. While reported PAT declined 38.6% YoY, the underlying business momentum remained strong, with normalised PAT growing 71.8% YoY. This gap is entirely explained by the ₹113.7 million exceptional charge and ₹27.3 million deferred tax expense. Furthermore, the company’s weighted average cost of debt stood at 9.58%, while normalised ROCE reached 26.6%, indicating a healthy spread of approximately 17 percentage points above its cost of capital. Management highlighted an EBITDA-to-CFO conversion of 1.05x in FY26, indicating strong cash flow generation relative to profits.