Longspur International Ventures Limited announced the outcomes of its Board of Directors meeting held on February 23, 2026, at the company's registered office in Mumbai. The board approved significant corporate restructuring initiatives that require shareholder and regulatory approvals.

Fundraising Initiative Approved

The board approved a comprehensive fundraising plan worth up to Rs. 20.00 crores through multiple financial instruments and modes. The fundraising structure encompasses various securities and issuance methods to provide flexibility in capital raising.

The approved fundraising methods include qualified institutions placement (QIP), rights issuance to existing shareholders, preferential allotment, further public offer, private placement, and any combination of these modes. The funds will be raised through one or more tranches targeting both promoters and non-promoters.

Corporate Structure Changes

The board recommended alterations to the Object Clause of the company's Memorandum of Association (MOA). This structural change requires shareholder approval and represents a strategic shift in the company's operational framework.

Meeting Details

The board meeting was conducted at the registered office located at 9, Botawala Building, 3rd Floor, 11/13, Horniman Circle, Fort, Mumbai - 400001. The session commenced at 11:00 AM and concluded at 3:15 PM, indicating comprehensive deliberations on the proposed initiatives.

Regulatory Compliance

The announcement was made under Regulation 30 read with Schedule III(A)(IV) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both approved resolutions are subject to obtaining necessary approvals from shareholders and other requisite regulatory and statutory authorities.

Company Secretary and Compliance Officer Shweta Sharma signed the official communication to BSE Limited, confirming the board's decisions and ensuring proper regulatory disclosure compliance.

Longspur International Ventures Limited has delivered impressive financial performance for the third quarter of fiscal year 2026, showcasing substantial growth across key financial metrics. The company, formerly known as Confidence Finance and Trading Limited, submitted its unaudited standalone financial results for the quarter and nine months ended December 31, 2025, to BSE Limited on February 10, 2026.

Strong Quarterly Performance

The company's third quarter results demonstrate remarkable improvement in profitability and operational efficiency. Net profit for Q3 FY26 reached ₹30.26 lacs, marking a substantial increase of 459% compared to ₹5.41 lacs reported in the corresponding quarter of the previous year.

Nine-Month Financial Highlights

For the nine-month period ended December 31, 2025, Longspur International Ventures continued to show positive momentum with net profit of ₹66.30 lacs, representing a 68% increase from ₹39.46 lacs in the corresponding period of the previous year.

Operational Efficiency and Cost Management

The company demonstrated improved operational efficiency during the quarter. Purchase of traded goods amounted to ₹144.57 lacs for Q3 FY26, while changes in inventories showed a positive impact of ₹90.50 lacs. Employee benefit expenses for the quarter were ₹6.39 lacs, down from ₹13.62 lacs in Q3 FY25. Financial costs increased to ₹7.25 lacs from ₹3.80 lacs in the previous year's corresponding quarter.

Earnings Per Share and Capital Structure

The company's earnings per share (EPS) for Q3 FY26 stood at ₹0.022 for both basic and diluted calculations, compared to ₹0.004 in Q3 FY25. For the nine-month period, EPS reached ₹0.049, up from ₹0.029 in the previous year. The paid-up equity share capital remained stable at ₹1,365.00 lacs with a face value of ₹10 per share.

Board Approval and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors during their meeting held on February 10, 2026. The meeting commenced at 4:00 PM and concluded at 5:45 PM. The company has filed these results in compliance with Regulation 33 of SEBI (LODR) Regulations, 2015, and the results are available on the company's website. The limited review was conducted by A K Kocchar & Associates, Chartered Accountants, who provided an unqualified review report on the unaudited standalone financial results.