Anjani Finance Limited has reported a significant downturn in its financial performance for the quarter ended June 30, as the company navigates through a major business restructuring phase.

Financial Highlights

• Net Loss: ₹1.45 lakhs vs. Net Profit of ₹5.74 lakhs year-over-year
• Revenue: ₹13.22 lakhs, down 60.9% from ₹33.83 lakhs year-over-year
• Segment Performance: Finance segment revenue at ₹13.22 lakhs with a loss of ₹1.45 lakhs

Business Restructuring

Anjani Finance has undergone a significant change in its business model, having sold its wind energy segment in the previous financial year. The company now operates solely in the financing segment, which has impacted its revenue streams and profitability.

Segment-wise Performance

The finance segment, now the company's sole operating segment, generated revenue of ₹13.22 lakhs but incurred a loss of ₹1.45 lakhs. This marks a significant decline from the previous year when the segment reported a profit of ₹6.62 lakhs.

Capital Employed

As of the end of the quarter, the total capital employed by Anjani Finance stands at ₹1,514.15 lakhs, entirely allocated to the finance segment following the divestment of the wind energy business.

Management Statement

The company's management has certified that the financial statements present a true and fair view of Anjani Finance's affairs. They have also confirmed that effective internal financial controls are in place and operating efficiently.

Audit Review

The financial results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors. The statutory auditors have conducted a limited review of the results, as per regulatory requirements.

Outlook

While Anjani Finance faces challenges in the short term due to its business restructuring, the focus on the finance segment may allow for a more streamlined operation. However, the company will need to address the current loss-making situation and work towards improving its financial performance in the coming quarters.

Investors and stakeholders will be watching closely to see how Anjani Finance adapts to its new business model and whether it can return to profitability in the near future.

Anjani Finance Limited has unveiled significant changes to its management structure. The company, headquartered in Indore, Madhya Pradesh, has made several key appointments and resignations that are set to reshape its leadership team.

New Managing Director Appointed

Ms. Kalpana Jain has been appointed as the new Managing Director of Anjani Finance Limited for a three-year term. Her appointment is subject to approval by the company's members at the upcoming General Meeting, scheduled within the next three months. Ms. Jain brings valuable experience to the role, particularly in procurement, vendor management, and inventory coordination. She holds a B.Com degree and is expected to leverage her expertise in managing raw material sourcing and vendor relationships to benefit the company's operations.

Change in Chairman's Role

Mr. Sanjay Kumar Agarwal, previously serving as the Chairman and Managing Director, will transition to the role of Chairman Non-Executive Promoter Director. This change in designation is effective immediately and reflects a shift in the company's leadership structure.

Resignation of Company Secretary

Mr. Nasir Khan has stepped down from his position as Company Secretary, Compliance Officer, and Key Managerial Personnel (KMP) due to personal reasons. The Board of Directors acknowledged his resignation during their meeting. The company expressed its appreciation for Mr. Khan's valuable services and support during his tenure.

New Company Secretary Appointed

Following Mr. Khan's departure, the company has appointed CS Utsav Agrawal (ACS: A76695) as the new Company Secretary, Compliance Officer, and Key Managerial Person. Mr. Agrawal's appointment is effective immediately. He is a qualified Company Secretary and an Associate Member of the Institute of Company Secretaries of India (ICSI). Mr. Agrawal also holds B.Com and LL.B. degrees and brings expertise in corporate laws, securities laws, capital markets, corporate governance, and regulatory compliances. His contact details include email csutsavagrawal@gmail.com and mobile number +91-9893878734.

Financial Performance

In addition to the management changes, Anjani Finance Limited also released its unaudited financial results for the quarter:

Note: All financial figures are in ₹ lakh

These management changes and financial results mark a significant period of transition for Anjani Finance Limited. The company's stakeholders will be watching closely to see how these changes impact its strategic direction and financial performance in the coming quarters.

Note: All appointments and changes are subject to necessary regulatory approvals and filings.