Abirami Financial Services Expands into Real Estate and Construction
Abirami Financial Services plans to diversify into real estate and construction sectors, pending shareholder approval. The company will engage in land development, property construction, and technology-driven services. Q1 FY2026 results show a decline in total income to ₹34.34 lacs and profit after tax to ₹12.78 lacs compared to Q1 FY2025. The board has also made several corporate governance decisions, including re-appointments of key directors and appointment of a new Secretarial Auditor.
*this image is generated using AI for illustrative purposes only.
Abirami Financial Services (India) Limited has announced a significant expansion of its business activities, as approved by its Board of Directors. The company is set to diversify its operations by entering the real estate and construction sectors, subject to shareholder approval.
New Business Ventures
The Board has approved the addition of three new object clauses to the company's Memorandum of Association, broadening its scope of operations. These new ventures include:
Land and Township Development: Abirami Financial Services will engage in land development, township development, satellite town promotion, and housing colony development.
Real Estate and Construction: The company plans to undertake construction and maintenance of various properties, including residential houses, buildings, offices, factories, and other landed properties.
Technology-Driven Ancillary Services: Abirami Financial Services aims to leverage emerging technologies such as artificial intelligence, automation, and digital platforms to enhance operational efficiency and customer satisfaction in its new and existing business activities.
Financial Performance
Abirami Financial Services has also released its financial results for the quarter ended June 30:
| Particulars | Q1 FY2026 (₹ in lacs) | Q1 FY2025 (₹ in lacs) | YoY Change |
|---|---|---|---|
| Total Income | 34.34 | 43.62 | -21.27% |
| Total Expenses | 15.91 | 14.08 | +13.00% |
| Profit Before Tax | 18.43 | 29.54 | -37.61% |
| Profit After Tax | 12.78 | 22.29 | -42.66% |
| Earnings Per Share (₹) | 0.24 | 0.41 | -41.46% |
The company's financial results show a decrease in total income and profitability compared to the same quarter of the previous year. However, the strategic expansion into new business areas may present opportunities for future growth.
Corporate Governance Updates
In addition to the business expansion and financial results, Abirami Financial Services has made several key corporate governance decisions:
- Re-appointment of Mrs. Chitra Sivaramakrishnan as Whole-time Director for a period of three years, effective August 1, 2025.
- Continuation of Mr. K.V. Aiyappan as Non-executive Director cum Chairman, despite having attained the age of 75 years.
- Re-appointment of Mrs. Muthulakshmi Ganesh as a Non-executive Director.
- Appointment of Ms. Sindhuja Porselvam as the Secretarial Auditor for a term of five consecutive financial years.
These decisions are subject to shareholder approval at the upcoming 32nd Annual General Meeting, scheduled for September 4, 2025.
As Abirami Financial Services embarks on this new chapter of diversification and expansion, stakeholders will be watching closely to see how these strategic moves impact the company's future performance and market position.
Historical Stock Returns for Abirami Financial
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -5.00% | -5.00% | -20.85% | -11.10% | -27.30% | +1,111.05% |
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