Vedant Asset reported an 80.6% year-on-year rise in net profit after tax (PAT) for FY26, reaching ₹40.07 lakh. The financial services firm also confirmed that its 11th Annual General Meeting (AGM) will be held on September 26, 2026, via video conferencing.

The BSE SME-listed company saw revenue from operations grow by 40.2% to ₹474.81 lakh in FY26, compared to ₹338.74 lakh in the previous year. This growth was driven primarily by a 65.5% increase in brokerage and commission income, alongside a more than doubling of business correspondent (BC) collection income.

Financial Performance

Total income rose 29.6% to ₹497.05 lakh. While revenue from operations expanded significantly, other income declined by 50.4% to ₹22.24 lakh due to lower non-cash recognition of BC infrastructure fund income. Total expenses increased by 27.9% to ₹443.28 lakh, largely reflecting higher employee benefit expenses and operational costs associated with network expansion.

What the Numbers Show

The divergence between revenue growth and profit growth highlights the impact of accounting adjustments on the bottom line. Depreciation and amortization expenses fell sharply by 81.1% to ₹5.10 lakh from ₹26.93 lakh in FY25, following the write-off of related fixed assets. This reduction in non-cash charges, combined with a lower effective tax rate, contributed significantly to the doubling of net profit despite a modest expansion in net profit margins from 5.79% to 8.06%.

AGM and Corporate Governance

The Board of Directors approved the notice for the AGM on September 4, 2026. Key agenda items include the adoption of the audited financial statements for FY26 and the re-appointment of Lallit Tripathi as Managing Director. Members holding shares as of September 21, 2026, are eligible to vote.

Remote e-voting will be facilitated by Bigshare Services Private Limited. The voting window opens on September 22, 2026, at 9:00 am and closes on September 25, 2026, at 5:00 pm. Shareholders who have not voted remotely may cast their votes during the virtual meeting. The register of members and share transfer books will remain closed from September 22, 2026, to September 26, 2026, inclusive.

Auditor Observations

Statutory auditors N.K. Kejriwal & Co. issued an unqualified opinion on the financial statements. However, they noted that Tax Deducted at Source (TDS) reconciliation with Form 26AS is pending updates and highlighted an outstanding income tax demand for Assessment Year 2021-22, the impact of which has not been accounted for in the current financials.

Vedant Asset is developing a new mobile application designed to bring mutual fund investment opportunities closer to the rural population of India. The initiative aims to promote financial inclusion by providing a simple, secure, and user-friendly digital platform for investors. This move is intended to simplify the investment journey and encourage greater participation in mutual fund investments among first-time and rural investors.

The application will enable investors to access mutual fund services anytime and anywhere through a technology-driven platform. In addition to investment facilities, the app will offer educational content to help first-time investors make informed financial decisions. The company emphasized that the platform focuses on financial literacy, accessibility, and convenience.

Vedant Asset Limited stated that the mobile application is expected to be launched shortly. The company has not yet specified a definitive launch date. Further details regarding the specific launch date, features, availability, and the user registration process will be announced in due course through the company's official website.

The company remains committed to delivering innovative investment solutions that make wealth creation accessible to every Indian, irrespective of geography. The intimation regarding the proposed launch was submitted to the exchange on June 20, 2026.