SI Capital & Financial Services Limited has fixed July 31, 2026, as the record date for its rights issue of up to 75.75 lakh equity shares at ₹10 each, aggregating up to ₹757.50 Lakhs. The Board of Directors approved the final terms on July 24, 2026, following In-Principle approval from BSE Limited received on June 24, 2026. The issue, offered in a 3:2 ratio, aims to strengthen the company’s capital base amidst Q1FY27 revenue growth of 27.8% to ₹109.14 Lakhs, despite a 29.7% decline in net profit to ₹14.15 Lakhs due to rising operational expenses.

Rights Issue Timeline and Terms

The rights issue opens on August 10, 2026, and closes on September 03, 2026. Eligible shareholders will receive Rights Entitlements (REs) credited to their demat accounts by August 04, 2026. Shareholders can renounce their entitlements via the secondary market until August 28, 2026, or through off-market transfers before the issue closing date. The ISIN for the Rights Entitlements is INE417F20017.

Fractional entitlements for shareholders holding less than two equity shares or non-multiples of two will be ignored in the computation of Rights Entitlements. However, such shareholders may apply for additional shares and receive preferential consideration for one additional share if available. The outstanding equity shares will increase from 50.50 lakh to 126.25 lakh assuming full subscription.

Q1FY27 Financial Performance

In the quarter ended June 30, 2026, SI Capital reported total revenue from operations of ₹109.14 Lakhs, up from ₹85.42 Lakhs in Q1FY26. Interest income, the primary driver, rose 28.4% to ₹108.32 Lakhs. However, net profit fell to ₹14.15 Lakhs from ₹20.12 Lakhs, driven by a 45.9% surge in total expenses to ₹95.71 Lakhs. Employee benefits increased to ₹34.78 Lakhs from ₹26.49 Lakhs, while other expenses rose to ₹18.88 Lakhs. Statutory auditors M/s Ayyar & Cherian issued an unqualified review conclusion on the results.

Capital Structure and Ratios

As a Non-Systemically Important Non-Deposit taking NBFC, the company disclosed a debt-equity ratio of 1.37 and a capital adequacy ratio of 43.09%. Net worth stood at ₹589.57 Lakhs. Stage 3 loan assets were 3.66% of gross loan assets, with a provision coverage ratio of 90.95%. The rights issue proceeds are expected to further optimize these regulatory ratios.

What the Numbers Show

The capital raise coincides with margin pressure, as expense growth outpaced revenue growth in Q1FY27. The infusion of ₹757.50 Lakhs through the rights issue provides a buffer against operational cost inflation, potentially stabilizing margins in subsequent quarters. Investors should monitor whether the capital deployment improves asset quality and interest income yields relative to the elevated expense base.

si capital & financial services reported a 94% increase in net profit for the financial year ended March 31, 2026, reaching ₹33.37 lakh compared to ₹17.24 lakh in the previous year. This performance was underpinned by a 47% surge in interest income, which rose to ₹367.91 lakh from ₹249.63 lakh in FY25. Total revenue from operations for the year stood at ₹371.21 lakh, while total income increased to ₹373.49 lakh.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹12.97 lakh, a reversal from the loss of ₹10.61 lakh posted in the preceding quarter ended December 31, 2025. Quarterly revenue from operations grew to ₹101.87 lakh, driven by interest income of ₹101.23 lakh. Total expenses for the quarter were managed at ₹90.18 lakh, a decrease from ₹103.97 lakh in the prior quarter.

The Board of Directors, in its meeting held on May 27, 2026, approved the audited standalone financial results. M/s. Ayyar & Cherian, Statutory Auditors, issued an audit report with an unmodified opinion on the results. Subsequently, on May 30, 2026, the company submitted a revised PDF to BSE to rectify an inadvertent omission of the Statement of Assets and Liabilities from the initial filing. The company confirmed there was no change in the financial figures approved by the Board.

Key financial metrics for the year included a Capital Adequacy Ratio of 40.87% and a Provision Coverage Ratio of 90.10%. The Net Stage 3 Loan Assets to Gross Loan Assets ratio improved to 0.35% for FY26, down from 2.13% in the previous year. The company's Net Worth as of March 31, 2026, was reported at ₹575.42 lakh.

Financial Performance Summary

Quarterly Results