Wallfort Financial Services reported a net loss of ₹299.91 crore for the financial year ended March 31, 2026, reversing the net profit of ₹120.05 crore recorded in FY25. The decline was primarily driven by heightened market volatility and significant mark-to-market losses recognized on its investment portfolio during the second half of the fiscal year.

The company's 31st Annual General Meeting is scheduled for September 25, 2026, to approve these audited financial statements. Shareholders will also vote on the re-appointment of Manoj Bharadia as Whole-time Director for a three-year term effective November 1, 2026.

Financial Performance Overview

Revenue from operations fell sharply to ₹48.01 crore in FY26, down from ₹333.55 crore in the previous year. This contraction was largely due to a net loss of ₹108.10 crore on fair value changes of financial instruments, compared to a smaller loss of ₹6.23 crore in FY25.

Despite the drop in core revenue, other income surged to ₹112.11 crore, up from just ₹2.60 crore in FY25. This spike was driven by a one-time profit of ₹107.67 crore from the sale of silver holdings.

Total expenses increased marginally by 6.8% to ₹200.10 crore, with employee benefit expenses rising to ₹50.59 crore and other expenses reaching ₹141.09 crore. The profit before tax swung to a loss of ₹39.99 crore from a profit of ₹148.78 crore.

What the Numbers Show

The financial results reveal a stark divergence between operational performance and non-operational gains. While revenue from operations collapsed by over 85%, other income surged more than 40-fold, accounting for roughly 70% of total income. This indicates that the bottom-line result was heavily influenced by the one-time sale of silver assets rather than core broking or advisory activities. Additionally, the company incurred a bank overdraft of ₹53.51 crore during the year, signaling increased reliance on short-term borrowing despite holding substantial fixed deposits.

Corporate Governance and Related Party Transactions

The Board proposed no dividend for FY26. The company spent ₹43.36 lakh on Corporate Social Responsibility (CSR) activities, exceeding its obligation of ₹37.62 lakh. Key related party transactions included rent payments of ₹63.11 lakh to directors and their relatives, and brokerage received of ₹18.23 lakh from such entities.

Manoj Bharadia, who retires by rotation, seeks re-appointment as Whole-time Director. His proposed remuneration includes a monthly salary ranging between ₹50,000 and ₹3,00,000, plus a bonus equivalent to four months' salary and commission up to 5% of net profits.

Wallfort Financial Services has scheduled its 31st Annual General Meeting for Friday, September 25, 2026. The meeting will be conducted via Video Conferencing or Other Audio Visual Means in compliance with the Companies Act, 2013.

Meeting Details

The company confirmed that shareholders can attend the AGM and cast their votes through the specified virtual facilities. Detailed instructions regarding attendance and voting procedures are outlined in the official Notice of the AGM.

Book Closure Period

Pursuant to Section 91 of the Companies Act, 2013, the Register of Members and Share Transfer Books will remain closed during the following period:

Both dates are inclusive. This closure is necessary to determine the list of shareholders eligible to participate in the annual meeting.

Regulatory Compliance

The announcement was issued to the Bombay Stock Exchange Limited by Ashok Bharadia, Chairman and Managing Director. The company stated that the proceedings adhere to the General Circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.