S P Capital Financing Ltd held its 43rd Annual General Meeting on September 30, 2026. The meeting was conducted through video conferencing to transact ordinary business including the adoption of audited financial statements for the fiscal year ended March 31, 2026.

The Chairman, Sureshchand Premchand Jain, convened the meeting after ascertaining the requisite quorum. He noted that the proceedings complied with Ministry of Corporate Affairs circulars and SEBI Listing Regulations. The Statutory Auditors' report on standalone and consolidated statements contained no qualifications.

Resolutions passed

Shareholders voted on four key items of ordinary business during the meeting:

1. Adoption of Audited Financial Statements (Standalone and Consolidated) for FY26, along with the Board's Report and Statutory Auditor's Report.
2. Re-appointment of Sureshchand Premchand Jain as Director, retiring by rotation under Section 152 of the Companies Act, 2013.
3. Taking note of the declaration and payment of Final Dividend and First Interim Dividend on Equity Shares for FY26.
4. Taking note of the declaration and payment of Interim Dividend on Non-Convertible, Non-Cumulative Redeemable Preference Shares for FY26.

Voting and attendance details

The Company Secretary, Arun Omprakash Sonar, informed members that remote e-voting facilities were provided via NSDL. Martinho Ferrao of M/s. Martinho Ferrao & Associates served as the scrutinizer to ensure fair voting processes. No proxy facility was available as per MCA dispensations.

Directors, representatives from statutory auditors R C Jain & Associates LLP, and secretarial auditors Shobha Ambure & Associates attended the meeting. No registered speakers requested clarification during the session.

S P Capital Financing has filed its annual report for FY26, revealing a standalone net profit of ₹350.18 lakh for the year ended March 31, 2026. This represents a substantial increase from the ₹90.27 lakh profit recorded in FY25. The company also scheduled its 43rd Annual General Meeting for September 30, 2026.

The financial performance was primarily driven by a sharp rise in other income, which jumped to ₹797.00 lakh from ₹12.84 lakh in the previous year. This surge was largely attributable to net gains on fair value changes of ₹686.31 lakh. Conversely, revenue from operations declined to ₹366.11 lakh from ₹548.72 lakh in FY25, as interest income fell to ₹298.94 lakh from ₹491.71 lakh.

Financial Performance Overview

Total income for the year stood at ₹1,163.10 lakh, up from ₹561.56 lakh in FY25. Total expenses increased to ₹623.79 lakh from ₹409.72 lakh, driven mainly by higher finance costs of ₹508.58 lakh compared to ₹292.93 lakh in the prior year. Employee benefit expenses rose marginally to ₹56.13 lakh from ₹52.28 lakh.

Balance Sheet and Investments

As of March 31, 2026, total assets stood at ₹14,795.80 lakh, an increase from ₹12,312.92 lakh in FY25. Investments constituted the majority of assets, rising to ₹14,632.08 lakh from ₹12,101.59 lakh. Borrowings increased to ₹12,191.76 lakh from ₹10,029.60 lakh, while cash and cash equivalents decreased to ₹59.76 lakh from ₹106.58 lakh. Equity remained stable at ₹2,326.16 lakh.

Dividend and AGM Details

The board declared a final dividend of ₹0.50 per share on equity shares, paid in October 2025, and an interim dividend of ₹0.50 per share, paid in February 2026. For preference shares, an interim dividend of ₹5 per share was paid in February 2026. Shareholders will vote on these dividends and the re-appointment of Mr. Sureshchand Premchand Jain as director at the AGM on September 30, 2026. Remote e-voting will be available from September 27 to September 29, 2026.

What the Numbers Show

The company's profitability in FY26 was heavily influenced by non-operational gains rather than core lending activities. While revenue from operations (interest and dividend income) contracted by over 33%, other income surged more than 60-fold, accounting for approximately 68% of total income. This indicates that fair value movements in the investment portfolio were the primary driver of the year's bottom-line growth, offsetting higher finance costs associated with increased borrowings.