Saraswati Commercial has scheduled its 43rd Annual General Meeting for Thursday, September 24, 2026. The company will hold the meeting via video conference or other audio-visual means in compliance with Ministry of Corporate Affairs guidelines.

Meeting Details

The AGM is set to begin at 2:30 pm at the company's registered office in Mumbai. Shareholders can attend the meeting remotely using the VC/OAVM facility. The company has dispatched the notice of the AGM along with the annual report for the financial year 2025-26 electronically to members with registered email addresses.

Voting and Record Dates

The register of members and share transfer books will remain closed from Thursday, September 17, 2026, to Thursday, September 24, 2026. Members are eligible to vote if their names appear in the register as on the cut-off date specified in the notice. The company is providing remote e-voting facilities through National Securities Depository Limited.

Members who have not registered their email addresses are requested to update their details with their depository participants or the registrar and transfer agent, MUFG Intime India Private Limited. Physical copies of the annual report will be sent only upon specific request.

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