Asia Capital Limited has announced the commencement of a postal ballot process to seek shareholder approval for increasing its authorized share capital. The Mumbai-based NBFC has sent electronic copies of the postal ballot notice to eligible shareholders and established the e-voting framework for this corporate action.

Postal Ballot Process Details

The company has initiated the postal ballot procedure in compliance with Section 108 and Section 110 of the Companies Act, 2013, along with applicable SEBI regulations. The key details of the process are outlined below:

Corporate Action Proposal

The postal ballot seeks shareholder approval for increasing the company's authorized share capital and consequent alteration to the Capital Clause of the Memorandum of Association. The proposal represents a strategic move to enhance the company's capital structure and provide flexibility for future business expansion.

Regulatory Framework and Compliance

Asia Capital has appointed Saloni Goyal & Associates, a Practicing Company Secretary, as the Scrutinizer to oversee the postal ballot process. The company has engaged NSDL as the e-voting service provider to facilitate electronic voting for shareholders.

Shareholder Participation Guidelines

Shareholders who have registered their email addresses with depositories or the company's Registrar and Transfer Agent as of the cut-off date are eligible to participate in the e-voting process. The voting rights will be calculated based on the shareholding as of February 06, 2026.

The postal ballot notice is available on the company's website at www.asiacapital.in/postal-ballot.html , BSE website, and NSDL's e-voting portal. Shareholders who have not received the notice electronically can download it from these platforms.

Recent Financial Performance Context

This corporate action comes following Asia Capital's Q3 FY26 financial results, where the company reported a net profit of ₹536.70 thousand and total income of ₹1,217.37 thousand. The proposed increase in authorized share capital aligns with the company's strategic planning for future growth opportunities in the financial services sector.

Asia Capital Limited , a Non-Banking Financial Company (NBFC), has released its financial results for the second quarter and first half of the fiscal year 2026, ending September 30, 2025. The report reveals a mixed financial picture, with a substantial increase in the loan portfolio but a decline in quarterly profits.

Financial Performance Highlights

Key Balance Sheet Changes

Analysis of Results

Asia Capital Limited experienced a significant decline in its quarterly net profit, which dropped to ₹43,000.00 in Q2 FY2026 from ₹715,000.00 in the previous quarter. This represents a substantial decrease of approximately 94% quarter-over-quarter. The half-yearly figures also show a downward trend, with net profit for H1 FY2026 at ₹816,000.00, compared to ₹1,692,000.00 in the same period last year, marking a year-on-year decline of about 52%.

Despite the profit decline, the company reported a total income of ₹1,097,000.00 for the quarter, with interest income contributing ₹785,000.00, accounting for about 72% of the total revenue.

Loan Portfolio and Balance Sheet Changes

A notable development is the dramatic increase in Asia Capital's loan portfolio, which grew from ₹3.02 crore as of March 31, 2025, to ₹27.15 crore by September 30, 2025. This represents a growth of approximately 799% in six months.

However, this expansion in lending activities appears to have been funded by a significant reduction in cash and bank balances, which decreased from ₹63.78 crore to ₹24.66 crore over the same period. The company has also completely eliminated its borrowings, which stood at ₹15.07 crore at the end of the previous fiscal year.

Conclusion

While Asia Capital Limited has shown significant growth in its loan portfolio, the sharp decline in profits raises questions about the company's short-term profitability and operational efficiency. The significant reduction in cash reserves and the elimination of borrowings suggest a shift in the company's financial structure and lending operations.

Investors and stakeholders may need to closely monitor how this expansion in the loan book translates into profitability in the coming quarters, and whether the company can maintain this growth trajectory without compromising its financial stability.