Piramal Finance Limited has issued possession notices under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002 for four immovable properties in Gujarat, following non-payment by borrowers.

Properties Under Possession

The company has taken symbolic possession of properties with varying outstanding amounts across different locations in Gujarat:

Legal Process and Timeline

The possession notices were issued after borrowers failed to repay the amounts specified in demand notices served between August 2024 and November 2025. The demand notices provided borrowers with a 60-day period to settle their outstanding dues before the company exercised its powers under Section 13(4) of the SARFAESI Act.

Property Details and Locations

The properties span across multiple districts in Gujarat, including residential flats, commercial offices, and plots. The Valsad property includes land parcels with specific survey numbers, while the Rajkot properties comprise residential units in established complexes. The Ahmedabad property consists of residential units in the Aagam-999 Residency project.

Public Notice and Cautions

Piramal Finance Limited has cautioned the borrowers and the general public against dealing with these properties. Any future dealings with the mentioned properties will remain subject to the charge of Piramal Finance Limited for the amounts specified, along with applicable interest.

The company, formerly known as Piramal Capital and Housing Finance Ltd, operates from its registered office in Mumbai with a branch office in Ahmedabad. The possession notices were dated February 14, 2026, and signed by the company's Authorised Officer.

Disha Resources Limited announced its unaudited standalone financial results for the third quarter and nine months ended December 31, 2025, showcasing mixed performance with revenue growth but continued operational challenges.

Financial Performance Overview

The company reported total revenue of ₹48.33 lakhs for Q3FY26, representing a significant increase from ₹18.91 lakhs in the corresponding quarter of the previous year. This growth was primarily driven by revenue from operations, which reached ₹46.98 lakhs compared to nil in Q3FY25, while other income decreased to ₹1.35 lakhs from ₹18.91 lakhs.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Disha Resources demonstrated substantial revenue growth with total revenue reaching ₹103.06 lakhs compared to ₹23.46 lakhs in the corresponding period last year. Revenue from operations contributed ₹96.27 lakhs, while other income was ₹6.79 lakhs.

Despite the revenue growth, the company reported a net loss of ₹10.48 lakhs for the nine-month period, though this represents an improvement from the ₹54.89 lakhs loss in the previous year.

Operational Expenses and Profitability

Total expenses for Q3FY26 amounted to ₹52.69 lakhs, with purchase of stock in trade being the largest component at ₹46.63 lakhs. Employee benefit expenses were ₹5.19 lakhs, while other expenses totaled ₹0.84 lakhs. The company's profit before tax stood at negative ₹4.36 lakhs for the quarter.

Segment Performance

The company operates through two reportable segments: Trading in Shares and Trading Others. The Trading Others segment generated revenue of ₹46.98 lakhs in Q3FY26 with segment results of ₹0.35 lakhs. For the nine-month period, this segment contributed ₹93.34 lakhs in revenue with segment results of ₹0.60 lakhs.

Balance Sheet Position

As of December 31, 2025, the company maintained total segment assets of ₹2,833.25 lakhs against total segment liabilities of ₹109.51 lakhs. The paid-up equity share capital remained stable at ₹731.55 lakhs with a face value of ₹10 per share. Other equity, including reserves for equity instruments through other comprehensive income, stood at ₹1,992.19 lakhs.

Earnings Per Share and Comprehensive Income

Basic and diluted earnings per share for Q3FY26 were negative ₹0.04, compared to negative ₹0.38 in Q3FY25. The company reported total comprehensive income of negative ₹263.51 lakhs for the quarter, primarily affected by changes in fair value of equity instruments through other comprehensive income.

The Board of Directors approved these results at their meeting held on February 13, 2026, with the statutory auditors completing their limited review as required under SEBI regulations.