SRG Fingrow Finance announced its 31st Annual General Meeting will convene on September 30, 2026, in Udaipur, Rajasthan. The gathering coincides with the release of the company’s annual report for the fiscal year ended March 31, 2026.

The Udaipur-based non-banking financial company reported a significant contraction in profitability for FY26. Net profit after tax fell 38.6% year-on-year to ₹21.39 lakh, down from ₹34.83 lakh in the previous fiscal. This decline followed a 7.55% drop in total revenue, which stood at ₹120.48 lakh compared to ₹130.32 lakh in FY25.

Financial Performance

The NBFC’s operational metrics reflected pressure on margins and efficiency during the period under review. Key financial indicators highlight the shift in performance dynamics between the two fiscal years.

Revenue from operations, primarily interest income from advances, declined to ₹117.97 lakh from ₹130.28 lakh. While other income saw a marginal uptick to ₹2.51 lakh, it was insufficient to offset the core revenue contraction. The company’s loan portfolio also contracted by 6.26% to ₹732.93 lakh, reflecting a cautious approach to new disbursements amid regulatory scrutiny in the sector.

What the Numbers Show

A critical divergence emerged between the company’s cost management and its revenue generation capabilities. Despite a 24.73% surge in the cost-to-income ratio to 76.87%, the company did not expand its lending book. Employee benefit expenses rose 6.85% to ₹60.05 lakh, while other expenses jumped nearly 40% to ₹30.50 lakh. This indicates that operating leverage turned negative; fixed costs remained sticky or grew even as the asset base shrank, directly compressing the net interest margin by 166 basis points.

Capital Position and Governance

The company maintained a robust capital adequacy ratio of 125%, up from 119.22% in the prior year, ensuring compliance with Reserve Bank of India prudential norms. With no outstanding borrowings from banks or financial institutions as of March 31, 2026, SRG Fingrow Finance operates with a zero-debt balance sheet structure regarding external funding.

The Board decided against declaring any dividend for the year, opting instead to retain earnings to bolster growth and shareholder wealth. Managing Director Vinod K. Jain retires by rotation and offers himself for re-appointment at the upcoming meeting. Shareholders can cast their votes via remote e-voting between September 27 and September 29, 2026.

SRG Fingrow Finance Limited has re-appointed Dilip Kumar Singhvi as an Independent Director for a second term of five years, effective from July 17, 2026, to July 16, 2031. The resolution was approved by shareholders during the Extra-Ordinary General Meeting (EGM) held on June 22, 2026, at the company's registered office in Udaipur. This governance decision ensures continuity in leadership as the firm continues its operations in the financial sector.

The EGM commenced at 12:15 p.m. with 10 members present. Mr. Suresh Kumar Porwal was elected as the Chairman of the meeting. Voting was conducted through remote e-voting, which was open from June 19, 2026, to June 21, 2026, as well as via ballot paper at the meeting venue. Mr. Shiv Hari Jalan was appointed as the Scrutinizer to oversee the voting process.

Re-appointment Details

The re-appointment of Mr. Dilip Kumar Singhvi (DIN: 09240489) was the sole resolution taken up during the proceedings. The company disclosed that none of the existing directors are inter-se related to Mr. Singhvi. Furthermore, it was confirmed that he is not debarred from holding the position of director by any order from SEBI or other authorities.

Profile of the Re-appointed Director

Mr. Dilip Kumar Singhvi possesses extensive expertise in the banking sector, spanning over 36 years. His qualifications include B.Sc, M.Com, MBA, and CAIIB. He has also completed multiple courses on Mutual Funds conducted by the National Institute of Securities Markets (NISM). His professional experience covers credit management, risk assessment, collections monitoring, and the resolution of customer grievances.

The meeting concluded at 12:25 p.m. following a vote of thanks. The detailed voting results and the scrutinizer's report are expected to be announced within 48 hours of the EGM's conclusion and will be submitted to BSE Limited.