Saraswati Commercial (India) Limited reported a sharp rise in profitability for the quarter ended June 30, 2026, with standalone net profit after tax reaching ₹635.6 million (₹6356.19 lakh), compared to ₹235.8 million in the corresponding quarter of FY26. The surge was primarily driven by substantial gains in fair value changes on financial instruments.

Total income for the quarter stood at ₹755.8 million, a 140% increase from ₹314.7 million in Q1FY26. This growth was anchored by net gains on fair value changes, which contributed ₹733.3 million to the top line, up from ₹301.9 million in the prior year period. Interest income remained stable at ₹21.6 million, while dividend income declined to ₹0.9 million from ₹9.4 million previously.

Financial Performance Overview

The company’s operational expenses remained contained at ₹12.3 million, down significantly from ₹23.0 million in Q1FY26. Employee benefits accounted for the largest share of expenses at ₹6.9 million, followed by other expenses of ₹5.2 million. Finance costs were negligible at ₹0.01 million.

Tax expenses for the quarter totaled ₹107.9 million, including current tax of ₹8.7 million and deferred tax of ₹101.1 million. A net tax adjustment of earlier years reduced the total tax burden by ₹1.9 million.

Consolidated Results

On a consolidated basis, total income rose to ₹12,094.60 million from ₹7,558.37 million in Q1FY26. Consolidated profit before tax increased to ₹11,232.68 million from ₹7,434.85 million. Net profit after tax on a consolidated basis reached ₹923.1 million (₹9,231.06 lakh), up from ₹635.6 million in the previous year period. Earnings per share (basic) on a consolidated basis stood at ₹842.31 (annualised), compared to ₹579.97 in the standalone results.

What the Numbers Show

The profit composition highlights a heavy reliance on market-linked gains rather than core lending operations. Fair value changes contributed ₹733.3 million to total income of ₹755.8 million, accounting for approximately 97% of the top line. In contrast, interest income from lending activities remained flat at ₹21.6 million. This divergence suggests that while the NBFC’s lending book is stable, the quarter’s profitability was overwhelmingly driven by capital markets performance rather than interest spread expansion.

Corporate Governance Updates

The Board of Directors, in its meeting held on August 12, 2026, approved the unaudited standalone and consolidated financial results for Q1FY27. The results were reviewed by statutory auditors GBCA & Associates LLP, which issued an unmodified report.

Key governance decisions included:

• Approval of the notice for the 43rd Annual General Meeting (AGM) scheduled for September 24, 2026, to be conducted via Video Conferencing/Other Audio Visual Means.
• Re-appointment of Mr. Hetal Khalpada as Director, retiring by rotation.
• Re-appointment of Mr. Vallabh Prasad Biyani as Non-Executive Independent Director for a second five-year term.

The register of members and share transfer books will remain closed from September 17, 2026, to September 24, 2026, for the purpose of the AGM.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE967G01019/d5ca0404-c3e9-4cdc-ab9d-a182761f4595.pdf

Saraswati Commercial (India) Limited has initiated a special window for the transfer and dematerialisation of physical securities to facilitate shareholder compliance. The process allows eligible shareholders to update their holdings and convert physical share certificates into electronic form. The company has engaged K M Sharewise Registry Pvt. Ltd. as the Registrar and Share Transfer Agent to manage the requests.

The special window is scheduled to open on June 3, 2026, at 09:00 hours and will close on July 2, 2026, at 17:00 hours. Shareholders holding physical shares in the company, specifically those identified in the records dated May 29, 2026, are eligible to participate. This initiative aims to streamline the shareholding structure and ensure adherence to regulatory standards regarding dematerialisation.

Key Dates and Details

Shareholders are required to submit their requests along with the necessary documents to the Registrar and Share Transfer Agent. The company has specified that requests must be sent via post or delivered in person to the designated address. Incomplete applications or those received after the deadline will not be processed.

Submission Requirements

Shareholders must ensure that all documents are duly signed and verified. The company has advised that requests for transmission, transposition, and dematerialisation should be accompanied by valid proof of identity and ownership. Specific forms, such as the Transmission Request Form and Dematerialisation Request Form, must be used as prescribed.

For any queries or assistance, shareholders can contact the compliance officer at compliance@kmew.in or call 022-35398686. The company has also provided details for electronic voting and notice dissemination via its website and the exchange platforms.