Shalibhadra Finance Limited has scheduled a meeting of its Board of Directors for September 17, 2026, to consider the issuance of non-convertible debentures (NCDs). The company intends to execute this issuance on a private placement basis.

The board meeting is set for Thursday, September 17, 2026, at 3:30 pm. The agenda includes approving the NCD issuance among other business items.

Regulatory Disclosure

The company made this disclosure pursuant to Regulation 29(1)(d) and Regulation 50(1)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was issued on September 11, 2026.

Vatsal Doshi, Managing Director of Shalibhadra Finance, signed the disclosure. The company’s corporate office is located in Mumbai.

Shalibhadra Finance reported a 7.4% year-on-year rise in standalone net profit for the first quarter of FY27 (ended June 30, 2026). The Mumbai-based non-banking financial company (NBFC) posted a net profit of ₹4.91 crore, compared to ₹4.57 crore in the corresponding period last year.

Total revenue from operations grew 16.1% to ₹11.09 crore, up from ₹9.47 crore in Q1FY26. The growth was primarily driven by higher income from retail finance, which rose to ₹10.86 crore from ₹9.41 crore.

Financial Performance

The company’s profit before tax stood at ₹6.41 crore, down slightly from ₹7.04 crore in the previous quarter but up from ₹5.92 crore a year ago. Tax expenses were recorded at ₹1.50 crore.

What the Numbers Show

While revenue growth outpaced profit growth, total expenses expanded at a faster rate (31.8% YoY) than top-line revenue (16.1% YoY). This divergence indicates margin pressure during the quarter. Specifically, administrative and other expenses rose to ₹1.48 crore from ₹1.01 crore in the preceding quarter, contributing significantly to the overall expense increase despite stable employee benefit costs.

Balance Sheet and Regulatory Disclosures

Shalibhadra Finance disclosed its financial ratios for the quarter under SEBI Listing Regulations. The debt-equity ratio increased to 0.34 from 0.22 in Q1FY26. The interest service coverage ratio declined to 4.27 from 6.99 a year earlier, while the debt service coverage ratio stood at 0.64.

The company also submitted an additional disclosure to rectify an inadvertent omission in its earlier filing regarding the "Bad Debts to Accounts Receivable Ratio" for the quarter ended June 30, 2026. The ratio was reported at 0.20%. Additionally, the firm confirmed that proceeds from a ₹19.50 crore private placement of Non-Convertible Debentures (NCDs) raised in April 2026 have been fully utilized as per the stated objects, with no deviations.

The unaudited standalone financial results were reviewed by the Audit Committee and approved by the Board of Directors on August 12, 2026. Vora & Associates served as the independent auditors for the review.