Ushakiran Finance Limited reported a net profit of ₹8.47 lakh for the quarter ended June 30, 2026 (Q1FY27), an 18% increase from ₹7.17 lakh in the same period last year. This result marks a significant turnaround from the net loss of ₹8.75 lakh recorded in the preceding quarter, primarily driven by positive fair value adjustments on its investment portfolio rather than operational efficiency. Total revenue from operations reached ₹19.93 lakh, up from ₹17.76 lakh year-on-year, indicating stability in core income streams despite volatility in mark-to-market accounting.

The Board of Directors approved the unaudited financial results on August 3, 2026, following a review by statutory auditors M/s. NSVR & Associates LLP. The filing was made pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In addition to financial approvals, the Board recommended the reappointment of T.R. Sekhar as a Non-Executive Non-Independent Director, subject to shareholder approval at the upcoming Annual General Meeting.

Financial Performance

The company’s revenue structure remains heavily influenced by fair value changes rather than traditional interest or dividend income. While interest income grew modestly to ₹5.26 lakh from ₹4.15 lakh year-on-year, and dividend income increased to ₹1.46 lakh from ₹0.76 lakh, the primary driver of revenue growth was net gain on fair value changes, which stood at ₹13.21 lakh compared to ₹12.85 lakh in Q1FY26.

Expenses for the quarter totaled ₹9.60 lakh, a significant decrease from ₹18.46 lakh in Q4FY26. This reduction was largely due to the absence of net losses on fair value changes, which had impacted the previous quarter by ₹12.60 lakh. Employee benefits expense remained stable at ₹3.41 lakh, while other expenses were ₹5.66 lakh.

Corporate Governance Updates

Alongside financial results, the Board addressed key governance matters. It approved the Secretarial Audit Report for the year ended March 31, 2026, and the Directors’ Report with annexures. The 40th Annual General Meeting (AGM) is scheduled for September 29, 2026, to be held via Video Conferencing/Other Audio Visual Means (OAVM). The register of members will remain closed from September 23 to September 29, 2026, with the record date set for September 22, 2026.

Mr. N. Mallikarjuna Rao, Partner at M/s. Mallikarjun Rao and Associates, has been appointed as Scrutinizer for the AGM. The reappointment of T.R. Sekhar, who retires by rotation, is based on recommendations from the Nomination and Remuneration Committee. He currently serves as Executive Director of Sigachi Laboratories Limited and is the son of company director T. Adinarayana.

What the Numbers Show

The volatility in Ushakiran Finance’s quarterly results underscores its dependency on mark-to-market accounting for investments. The swing from a loss of ₹8.75 lakh in Q4FY26 to a profit of ₹8.47 lakh in Q1FY27 is not driven by operational efficiency but by the reversal of fair value losses. With total comprehensive income reaching ₹128.48 lakh, largely due to other comprehensive income items that will not be reclassified to profit or loss, investors should note that the underlying cash-generating ability from interest and dividends remains modest relative to the balance sheet size.

Ushakiran Finance Limited has announced the schedule for its 40th Annual General Meeting (AGM), setting the event for Tuesday, September 29, 2026, at 1:00 P.M. IST. The meeting will be conducted via video conference or other audio-visual means (VC/OAVM), allowing shareholders to participate remotely without physical presence. This virtual format ensures broader accessibility for investors while maintaining regulatory compliance for corporate governance proceedings.

To determine the list of eligible shareholders for voting, the company will close its Register of Members and Share Transfer Books from Wednesday, September 23, 2026, to Tuesday, September 29, 2026, both days inclusive. During this period, no transfer of shares will be processed. The cut-off date for determining eligibility to vote via electronic means is set for Monday, September 22, 2026. Shareholders must hold demat accounts with Central Depository Services (India) Limited (CDSL) to participate in the e-voting process, as National Securities Depository Limited (NSDL) is not listed as a service provider for this specific meeting.

Key Dates and Schedule

The following table outlines the critical timelines for shareholders to ensure timely participation in the 40th AGM:

Shareholders are advised to note that the e-voting window is open for three days, starting Saturday, September 26, 2026, and closing on Monday, September 28, 2026. Votes cast after the specified deadline will not be counted. The company has designated CDSL as the exclusive e-voting service provider for this annual general meeting.

Corporate Governance and Compliance

The intimation regarding the book closure and e-voting schedule was submitted to the Department of Corporate Services at BSE Limited on August 3, 2026. Sanjana Jain, Company Secretary of Ushakiran Finance Limited, digitally signed the communication, confirming the details for regulatory record. The notice was also copied to The Venture Capital & Corporate Investments Pvt Ltd, National Securities Depository Limited, and Central Depository Services (India) Limited to ensure all relevant market intermediaries are informed of the upcoming corporate action.

What This Means for Investors

For retail and institutional investors, the primary action required is to verify their shareholding status as of September 22, 2026. Only those holding shares in CDSL-linked demat accounts on this date will be eligible to vote electronically. The short window for e-voting—just two full days—requires prompt action from shareholders who wish to exercise their voting rights on agenda items likely to include financial results, director appointments, and auditor remuneration. Failure to vote within the stipulated timeframe will result in the loss of voting privilege for this specific AGM cycle.