Anjani Finance Limited, a non-banking financial company, has released its unaudited financial results for the quarter and half-year ended September 30, 2025, revealing a mixed performance with notable changes in its financial position.

Financial Highlights

*Compared to March 31, 2025

(All figures in lakhs)

Profit and Asset Growth

Anjani Finance experienced a significant decrease in profit before tax, which fell to ₹7.49 lakhs for the half-year ended September 30, 2025, compared to ₹17.53 lakhs in the same period last year. This represents a substantial decline of 57.27% year-over-year.

Despite the drop in profitability, the company's total assets grew to ₹1,658.49 lakhs, up from ₹1,529.98 lakhs as of March 31, 2025, indicating an 8.40% increase over the six-month period.

Liquidity and Borrowings

The company's liquidity position improved slightly, with cash and cash equivalents rising to ₹502.46 lakhs from ₹471.99 lakhs at the end of the previous fiscal year, showing a 6.46% increase.

A notable change in the company's financial structure is the significant increase in borrowings. Anjani Finance reported borrowings of ₹125.77 lakhs, up from zero in the previous period. This new debt could be aimed at fueling growth or addressing short-term financial needs.

Audit Review

The financial results were reviewed by SAP Jain Associates, the statutory auditors of the company. They provided an unmodified conclusion on the financial statements, indicating that the results fairly represent the company's financial position in accordance with the applicable accounting standards.

Management Approval

The Board of Directors of Anjani Finance Limited approved these unaudited financial results in a meeting held on November 5, 2025. The meeting, which commenced at 3:00 p.m. and concluded at 3:25 p.m., also included the review of the Limited Review Report provided by the statutory auditors.

Conclusion

While Anjani Finance Limited has shown growth in its asset base and maintained a strong cash position, the significant decrease in profitability may be a concern for investors. The introduction of new borrowings could indicate a strategic move for future growth, but it also changes the company's risk profile. Stakeholders will likely be watching closely to see how the company leverages these borrowed funds to improve its financial performance in the coming quarters.

Anjani Finance Limited has announced significant changes to its board composition and auditor appointments in its notice for the 36th Annual General Meeting (AGM) scheduled for September 30, 2025.

Board Composition Changes

The company has proposed a change in the designation of Mr. Sanjay Kumar Agarwal (DIN: 00023611) from Managing Director to Non-Executive Promoter Director, effective August 5, 2025. This move aims to leverage Mr. Agarwal's vast experience and knowledge in a strategic capacity while allowing for new leadership in day-to-day operations.

Simultaneously, Mrs. Kalpana Jain (DIN: 02665393) has been appointed as the new Managing Director of the company for a period of three consecutive years, from August 5, 2025, to August 4, 2028. Mrs. Jain brings extensive experience in the field of purchase and has been associated with the company in various capacities.

New Statutory Auditors

Anjani Finance has proposed the appointment of M/s SAP Jain and Associates & Co., Chartered Accountants (ICAI FRN 019356C) as the new Statutory Auditors of the company. They will replace the existing auditors, M/s Mahendra Badjatiya & Co., Chartered Accountants. The new auditors are set to hold office for a first term of five consecutive years, from the conclusion of the 36th AGM until the 41st AGM to be held in 2030.

Secretarial Auditors

The company has also announced the appointment of SMR & Associates, Company Secretaries, as the Secretarial Auditors for a term of five consecutive years. This appointment spans from the Financial Year 2025-26 through the Financial Year 2029-30.

AGM Details

The 36th Annual General Meeting of Anjani Finance Limited is scheduled to be held on Tuesday, September 30, 2025, at 3:00 PM through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The company has notified the closure of the Register of Members and Share Transfer Books from September 24, 2025, to September 30, 2025 (both days inclusive) for the AGM.

These changes reflect Anjani Finance's commitment to strengthening its governance framework and adapting to evolving business needs. Shareholders will have the opportunity to vote on these proposals during the upcoming AGM.