Photon Capital Advisors Limited has announced a significant corporate action, proposing to sell its entire stake in its associate company, Nicosa Consulting Private Limited. The Board of Directors has approved the disposal of 23,96,000 equity shares, each with a face value of ₹10, subject to shareholder approval.

Key Developments

1. Stake Disposal: The company plans to sell its entire holding in Nicosa Consulting Private Limited.
2. EGM Scheduled: An Extra-Ordinary General Meeting (EGM) is set for December 5, 2025, to seek shareholder approval for the proposed actions.
3. Related Party Transactions: The EGM will also address approval for related party transactions with promoters Mrs. Sobharani Nandury and Ms. Vennela Nandury.
4. Voting Process: Ms. N. Vanitha has been appointed as the scrutinizer for the voting process, with November 28, 2025, set as the cut-off date for voting eligibility.

Details of the Proposed Transaction

Rationale and Use of Proceeds

The company cites the "realization of investment in light of favorable market conditions" as the rationale behind this move. The proceeds from the sale are intended to meet the long-term objectives of the company, although specific details have not been disclosed.

Regulatory Compliance

The proposed transaction complies with Regulation 37A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shareholder approval will be sought through special resolution for the asset disposal and ordinary resolution for the related party transactions.

Impact on Financials

It's noteworthy that while the associate company contributed 38.36% to Photon Capital Advisors' net worth in the last financial year, it did not contribute to the company's turnover or revenue.

Investors and stakeholders are advised to closely monitor the outcomes of the upcoming EGM, as the proposed actions could significantly impact the company's financial structure and future strategic direction.

Photon Capital Advisors Limited , a financial services company, has released its unaudited financial results for the second quarter ended September 30, 2025, showcasing a mixed performance across standalone and consolidated figures.

Standalone Performance

The company's standalone financials paint a challenging picture:

Photon Capital Advisors reported a standalone net loss of ₹9.70 crore for Q2 2025, significantly wider than the ₹5.87 crore loss in the same quarter last year. The loss for the half-year also increased to ₹19.89 crore from ₹12.18 crore in the previous year.

Revenue from operations declined to ₹4.41 crore in Q2 2025 from ₹6.52 crore in Q2 2024. For the half-year, revenue decreased to ₹10.26 crore from ₹12.17 crore year-over-year.

Consolidated Results Show Improvement

In contrast to the standalone figures, the consolidated results showed a marked improvement:

On a consolidated basis, Photon Capital Advisors posted a profit of ₹21.71 crore for Q2 2025, up from ₹19.06 crore in Q2 2024. The half-yearly profit also saw a substantial increase to ₹19.02 crore from ₹4.97 crore in the previous year.

Other Financial Highlights

• The company's paid-up equity share capital remained unchanged at ₹151.37 crore.
• Consolidated other equity increased to ₹621.10 crore as of September 30, 2025, from ₹602.04 crore at the end of the previous fiscal year.
• Cash and cash equivalents decreased slightly to ₹35.07 crore from ₹36.69 crore at the beginning of the half-year.

Board Meeting

The board of directors approved these unaudited financial results in their meeting held on October 17, 2025. The meeting commenced at 3:00 p.m. and concluded at 4:00 p.m.

Conclusion

Photon Capital Advisors Limited's Q2 2025 results present a contrasting picture between standalone and consolidated performances. While the standalone entity faces challenges with widening losses, the consolidated results show resilience with improved profitability.