Saharsh Estates LLP has increased its shareholding in Paragon Finance Limited to 6.52% following an acquisition of 24,685 equity shares. The purchase, executed through the stock exchange between June 2 and June 30, 2026, was valued at ₹11,96,126.62. This transaction raises the entity's total holding in the non-banking financial company to 2,77,063 shares.

The disclosure was submitted to Paragon Finance Limited on July 1, 2026, by Sanjay Kumar Gupta, the Designated Partner of Saharsh Estates LLP. The filing was made in compliance with Regulation 7(2) read with Regulation 6(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Prior to this acquisition, the entity held 2,52,378 shares, representing a 5.94% stake in the company.

Transaction Details

The acquisition was conducted entirely on the market, as detailed in the Form C disclosure submitted to the stock exchange. The following table outlines the changes in shareholding:

Regulatory Compliance

Paragon Finance Limited received the intimation regarding this change in shareholding on July 1, 2026. The company subsequently forwarded the disclosure to BSE Limited under Regulation 7(2)(b) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. Sanjay Kumar Gupta, Whole-Time Director & Company Secretary of Paragon Finance Limited, confirmed the submission of the requisite documents to the exchange.

Paragon Finance Limited's Board of Directors convened on May 14, 2026, at the company's registered office at Sikkim House, 4/1 Middleton Street, Kolkata – 700 071, and approved the audited standalone financial results for the quarter and financial year ended March 31, 2026. The meeting commenced at 1:30 PM and concluded at 3:40 PM. The results were reviewed by the Audit Committee and audited by Mandawewala & Co., Chartered Accountants (Firm Registration No. 322130E), who issued an unmodified audit opinion in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Subsequently, pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the audited standalone financial results for the fourth quarter and financial year ended March 31, 2026, were published in Financial Express (English) and Arthik Lipi (Bengali).

Financial Performance Overview

Paragon Finance recorded a significant reversal in profitability for FY26, swinging to a net loss compared to a profit in the prior year. The company's total income from operations declined sharply, driven by negative fair value changes and other income. The table below presents the key financial highlights for the full year and the latest quarter (all figures in Rs. Lakhs):

For the full year FY26, total income from operations stood at ₹128.74 lakhs, compared to ₹279.85 lakhs in FY25. Total expenses rose to ₹244.42 lakhs from ₹226.16 lakhs, with employee benefits expense at ₹141.60 lakhs and depreciation at ₹22.86 lakhs. The net loss for FY26 was ₹111.20 lakhs, against a net profit of ₹31.46 lakhs in FY25. Basic and diluted earnings per share (EPS) for FY26 stood at ₹(2.62), compared to ₹0.74 in FY25.

Balance Sheet Highlights

The company's financial position as at March 31, 2026, reflects key movements across assets and liabilities. Total assets increased marginally to ₹3,275.58 lakhs from ₹3,212.31 lakhs as at March 31, 2025.

The loan book grew to ₹1,375.30 lakhs from ₹1,097.40 lakhs, while investments declined to ₹1,471.22 lakhs from ₹1,685.59 lakhs. Total equity decreased to ₹2,862.73 lakhs from ₹3,017.18 lakhs, reflecting the net loss for the year.

Cash Flow Summary

The cash flow statement for FY26 highlights a net decrease in cash and bank balances, primarily driven by operating activities. Net cash used in operating activities was ₹(201.55) lakhs, compared to net cash generated of ₹122.25 lakhs in FY25. Net cash from investing activities was ₹84.16 lakhs, while net cash from financing activities was ₹68.76 lakhs. Cash and bank balances at the close of the year stood at ₹104.34 lakhs, down from ₹152.97 lakhs at the beginning of the year.

Internal Auditor Appointment and Regulatory Disclosures

In addition to approving the financial results, the Board re-appointed M/s. ASRK & Associates (FRN: 328681E) as the Internal Auditor of the company for FY 2026-27. The company also disclosed that there are no outstanding defaults on loans or debt securities, with total financial indebtedness reported at nil. Related party transactions during the reporting period included director remuneration of ₹60,00,000 to Aloke KR Gupta (Director & CFO) and ₹61,56,000 to Sanjay Kumar Gupta (Whole Time Director & Company Secretary), along with various loan transactions with related parties, all conducted within the limits approved by the Audit Committee. The intimation was signed by Sanjay Kumar Gupta, Whole Time Director & Company Secretary (DIN: 00213467), on behalf of Paragon Finance Limited.