The National Company Law Tribunal (NCLT) Mumbai Bench has approved the merger of Kashmira Investment and Leasing Private Limited with Ventura Guaranty Limited , with the company now announcing key implementation dates for the merger scheme.

Merger Approval and Implementation Timeline

The NCLT-sanctioned merger scheme has reached its implementation phase with critical dates now established:

Record Date Declaration

The Board of Directors of Kashmira Investment and Leasing Private Limited, in consultation with Ventura Guaranty Limited's Board, has fixed Saturday, December 20, 2025, as the Record Date. This date will determine shareholders eligible to receive shares of the transferee company under the merger scheme.

Key Merger Details

Regulatory Compliance

Both companies have filed Form INC-28 with the Registrar of Companies on December 10, 2025, which is considered the Effective Date of the Scheme. This filing represents a crucial step in the merger implementation process, ensuring compliance with regulatory requirements.

Corporate Communication

Ventura Guaranty Limited has maintained transparency throughout the merger process, with the latest communication dated December 16, 2025, being part of a series of updates to stakeholders. Previous communications were issued on November 18, November 19, and November 27, 2025, keeping shareholders informed of the merger progress.

Company Information

Ventura Guaranty Limited operates from its registered office at I-Think Techno Campus, "B" Wing, 8th Floor, Pokhran Road No. 2, Off Eastern Express Highway, Thane (West) - 400 607, Maharashtra. The company trades on BSE with scrip code 512060 and ISIN INE139J01019.

The merger represents a significant corporate development for Ventura Guaranty Limited as it expands its operations through the absorption of Kashmira Investment and Leasing Private Limited, with all regulatory approvals now in place and implementation dates confirmed.

Ventura Guaranty Limited , a prominent player in the financial services sector, has reported mixed results for the second quarter of fiscal year 2025-26. The company's consolidated net profit saw a significant decline, while revenue remained relatively stable.

Key Financial Highlights

Quarterly Performance Analysis

Ventura Guaranty's consolidated net profit for the quarter ended September 30, 2025, declined by 24% to Rs 451.18 lakhs, compared to Rs 593.13 lakhs in the same period last year. This significant drop in profitability comes despite a relatively stable total revenue, which stood at Rs 5,900.82 lakhs, marginally lower than the Rs 5,945.07 lakhs reported in the corresponding quarter of the previous year.

The company's basic earnings per share (EPS) also decreased to Rs 12.60 from Rs 16.41 year-on-year, reflecting the impact of the reduced profitability on shareholder returns.

Half-Year Performance

While the quarterly results show a decline, Ventura Guaranty's half-year performance paints a more positive picture:

• Net profit for H1 FY2025-26 rose by 175% to Rs 1,633.66 lakhs
• This substantial increase in half-yearly profit suggests a strong performance in the first quarter of the fiscal year, which helped offset the weaker second quarter results

Financial Position

As of September 30, 2025, Ventura Guaranty's financial position remains robust:

• Total assets stood at Rs 97,401.21 lakhs
• Cash and cash equivalents were reported at Rs 17,406.84 lakhs
• The company maintained a strong equity position with total equity of Rs 35,730.60 lakhs

Looking Ahead

While the quarterly results show a decline in profitability, the strong half-year performance indicates that Ventura Guaranty has the potential for recovery. Investors and analysts will likely be watching closely to see if the company can rebound in the coming quarters and maintain the positive trajectory seen in its half-year results.

The company's ability to maintain stable revenue despite the profit decline may be seen as a positive sign, suggesting that its core business remains solid. However, the reasons behind the increased costs or reduced margins that led to the profit decline will be of interest to stakeholders.

Ventura Guaranty's performance in the coming quarters will be crucial in determining whether the Q2 results represent a temporary setback or if they signal a more persistent challenge for the company.