SI Capital & Financial Services Limited's board of directors has approved a significant capital raising initiative through a rights issue proposal worth up to ₹10 crore. The decision was taken during a board meeting held on February 20, 2026, marking an important step in the company's fundraising strategy.

Rights Issue Details

The board approved the proposal for issuing equity shares with specific parameters outlined for the rights offering:

The rights issue will be offered to eligible equity shareholders of the company as on the record date, which will be notified subsequently. The issuance will be conducted in accordance with applicable laws, including SEBI regulations for capital issuance and listing obligations.

Board Committee Formation

The board constituted a dedicated rights issue committee to oversee the entire process and make crucial decisions regarding the offering. The committee will be responsible for determining several key aspects of the rights issue:

• Setting the record date for eligible shareholders
• Determining the rights issue price
• Finalizing the rights entitlement ratio
• Appointing intermediaries for the issue
• Deciding other terms and conditions

Meeting and Regulatory Compliance

The board meeting was conducted efficiently, commencing at 03:30 PM and concluding at 03:50 PM on February 20, 2026. The company initially filed the outcome with BSE but subsequently received guidance to resubmit with additional disclosures as per SEBI circular dated November 11, 2024.

Regulatory Framework

The rights issue will be conducted under comprehensive regulatory oversight, ensuring compliance with multiple frameworks. The company will adhere to Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with relevant SEBI circulars and Companies Act, 2013 provisions.

The company secretary and compliance officer, Sujith K Ravindranath, signed the regulatory filings, ensuring proper documentation and compliance with exchange requirements. The revised filing incorporated all requisite disclosures as prescribed under the SEBI circular for corporate announcements related to securities issuance.

S.I.Capital & Financial Services Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, reporting a net loss of ₹10.61 lakhs compared to a profit of ₹15.85 lakhs in the corresponding quarter of the previous year. The results were approved by the Board of Directors at their meeting held on February 11, 2026, following review by the Audit Committee.

Financial Performance Overview

Despite reporting a quarterly loss, the company demonstrated strong revenue growth with total revenue from operations increasing by 45.14% to ₹92.96 lakhs in Q3FY26 from ₹64.06 lakhs in Q3FY25. Interest income, the primary revenue source, grew significantly to ₹92.01 lakhs from ₹62.79 lakhs in the same period last year.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, S.I.Capital showed improved performance with a net profit of ₹20.40 lakhs compared to a loss of ₹8.87 lakhs in the corresponding period of the previous year. Total revenue from operations for the nine-month period reached ₹269.34 lakhs, representing a substantial increase of 51.15% from ₹178.18 lakhs in the previous year.

Expense Analysis and Operational Changes

The quarterly loss was primarily attributed to increased operational expenses, which rose to ₹103.97 lakhs in Q3FY26 from ₹49.97 lakhs in Q3FY25. Notable increases were observed in fees and commission expenses (₹19.31 lakhs vs ₹0.95 lakhs) and employee benefits expenses (₹31.36 lakhs vs ₹20.97 lakhs). Additionally, the Board approved transferring the FFM business from the Pallimukku branch in Ernakulam to the Admin office at Thrissur.

Regulatory Compliance and Audit

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS 34) and reviewed by statutory auditors Ayyar & Cherian Chartered Accountants, who issued an unqualified review conclusion. The company operates as a Non-Systemically Important Non-Deposit taking Non-Banking Financial Company, primarily engaged in lending finance business. The earnings per share for Q3FY26 was negative at ₹0.21 compared to positive ₹0.35 in Q3FY25, with paid-up equity share capital standing at ₹505.00 lakhs.