V.B. Desai Financial Services Limited has reported its audited standalone financial results for the quarter and year ended March 31, 2026. The company recorded a net profit of ₹87.30 lakh for the full fiscal year, an increase from ₹55.87 lakh in the previous year. The Board of Directors approved the results during a meeting held on May 25, 2026.

Financial Performance

For the year ended March 31, 2026, the company's total income rose to ₹393.98 lakh from ₹332.80 lakh in the prior year. Revenue from operations remained stable at ₹283.83 lakh compared to ₹283.06 lakh in FY25. Other income increased significantly to ₹110.15 lakh from ₹49.74 lakh in the previous year.

The company's expenses for the year totaled ₹276.78 lakh, up from ₹255.99 lakh in FY25. Profit before tax for the year stood at ₹117.20 lakh, compared to ₹76.81 lakh in the previous year. The basic earnings per share (EPS) for the year improved to ₹1.92 from ₹1.23 in the corresponding period last year.

Quarterly Results

For the quarter ended March 31, 2026, V.B. Desai Financial Services reported a net profit of ₹20.59 lakh, compared to ₹22.15 lakh in the quarter ended December 31, 2025. Revenue from operations for the quarter was ₹62.40 lakh, while total income stood at ₹89.33 lakh. Total expenses for the quarter were ₹61.78 lakh.

Regulatory Compliance

The financial results were prepared in accordance with the Indian Accounting Standards prescribed under the Companies Act, 2013. The company's paid-up equity share capital remained unchanged at ₹453.81 lakh during the period.

VB Desai Financial Services Limited has notified BSE Limited about its exemption from filing the Annual Secretarial Compliance report under Regulation 24(A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations for the financial year ended March 31, 2026. The exemption is based on the company's financial position falling below prescribed regulatory thresholds.

Regulatory Exemption Details

The company qualifies for exemption under Regulation 15(2)(a) of SEBI LODR Regulations, 2015, as both its paid-up equity share capital and net worth remain below the specified limits. According to the regulation, companies with paid-up capital not exceeding Rs. 10 crore and net worth not exceeding Rs. 25 crore as on the last day of the previous financial year are exempted from various compliance requirements.

Financial Position

The company's current financial standing as of March 31, 2026:

Exempted Regulations

Due to meeting the exemption criteria, the following SEBI LODR regulations are not applicable to the company for FY26:

• Regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 26A, and 27
• Clauses (b) to (i) and (t) of sub-regulation (2) of regulation 46
• Para C, D and E of Schedule V

Company Commitment

VB Desai Financial Services, which operates as a Category II Merchant Banker with SEBI Registration No. INM 000002731, has undertaken to file the required reports under Regulation 24A once the company crosses the exempted threshold levels. Company Secretary and Compliance Officer Kamlesh M Gagavani signed the notification dated April 14, 2026, formally communicating this exemption status to the stock exchange.

The exemption provides regulatory relief to smaller companies while ensuring they remain committed to compliance once they achieve the prescribed size thresholds.