Shalibhadra Finance Limited reported a 21.67% increase in net profit for the financial year ended March 31, 2026, reaching ₹19.48 crore compared to ₹16.01 crore in the previous year. The retail-focused NBFC posted a 24.81% year-on-year growth in Assets Under Management (AUM) to ₹219.66 crore. Net Interest Income (NII) rose 15.03% to ₹35.95 crore, while the Net Interest Margin stood at 18.17%. The company’s Gross NPA and Net NPA were 2.94% and 1.17%, respectively.

The Board of Directors has recommended a dividend of 5%, equivalent to ₹0.50 per equity share of face value ₹10 each, for FY26. This dividend will be payable on the increased share capital resulting from the Bonus Issue in June 2025, subject to shareholder approval at the ensuing Annual General Meeting. The Board approved the audited standalone financial results at its meeting held on May 28, 2026. Vatsal Doshi, Managing Director, confirmed the outcomes in a filing to the exchanges.

Vora & Associates Chartered Accountants, the statutory auditors, issued an unmodified opinion on the audited standalone financial results. The report confirms compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted that it has issued listed debentures of ₹1,950 lakh on April 15, 2026, carrying an interest rate of 12% per annum.

Financial Performance for FY26

The balance sheet as of March 31, 2026, shows total assets of ₹23,223 lakh, compared to ₹19,535 lakh in the previous year. Equity share capital increased to ₹3,089 lakh from ₹772 lakh, reflecting the bonus issue. Borrowings, excluding debt securities, rose to ₹5,609 lakh from ₹3,746 lakh. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS).

Strategic Growth Initiatives

Shalibhadra Finance is targeting an AUM of ₹500 crore by FY29, driven by branch expansion and new secured lending products. The company plans to expand its branch network to 70 by CY2026 and 100 over the next three years, entering new states such as Karnataka and Goa. It is venturing into Micro LAP of under ₹5 lakh and introducing Home Loans, Property Loans, Salaried Personal Loans, and Tractor Loans. With a net worth of ₹172 crore, the company aims to achieve the AUM target without raising further equity, relying instead on debt through Term Loans and NCDs.

The company emphasized its liquidity position as of March 31, 2026, with cumulative inflows at ₹232.22 crore against cumulative outflows of ₹60.25 crore. The liquidity gap remained positive across all maturity buckets, with the 3–5 year bucket reporting the highest cumulative positive gap of ₹172.47 crore and a coverage ratio of 311.21%. The 0–1 month bucket recorded a positive gap of ₹7.61 crore with a coverage of 280.81%.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE861D01011/c5b656cce9634582.pdf

ShaliBhadra Finance Limited disclosed its related party transactions for the year ended March 31, 2026, pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing outlines transactions involving key management personnel (KMP), their relatives, and enterprises where KMPs hold substantial interest. The disclosures provide a breakdown of remuneration, rent, rent deposits, interest paid, and loans extended during the financial year.

Transactions with Key Management Personnel

The company reported various transactions with its KMPs, including remuneration and rent payments. Managing Director Mr. Vatsal M. Doshi received remuneration of ₹13.50 lakh, while Mr. Dhruvil M. Doshi, who serves as CFO & Executive Director, received ₹7.00 lakh. Mrs. Darshana Chauhan, the Company Secretary, received remuneration amounting to ₹0.89 lakh. Additionally, rent and rent deposits were recorded for Mr. Vatsal M. Doshi and Mr. Dhruvil M. Doshi.

Interest Payments to Relatives

Interest payments were made to several relatives of KMPs and associated entities. Mrs. Heena A. Doshi received the highest interest payment at ₹10.07 lakh. Other recipients included Mr. Amit M. Doshi, Mr. Amit M. Doshi HUF, Mr. Minesh M. Doshi, and Mr. Minesh M. Doshi HUF, among others.

Transactions with Associated Enterprises

Financial Analysts & Investment Rating Ltd, an enterprise in which KMPs have substantial interest, was involved in rent payments and a significant loan transaction. The company paid rent of ₹0.84 lakh and extended a loan of ₹1036.23 lakh to the entity. Interest received from the loan amounted to ₹66.22 lakh.

Summary of Related Party Transactions