Goenka Business & Finance Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating a significant improvement in financial performance. The NBFC reported a strong turnaround with substantial growth in revenue and profitability during the third quarter of FY26.

Financial Performance Overview

The company's financial results show a remarkable transformation from the previous year's performance:

Revenue Composition and Growth Drivers

The company's revenue structure reflects its diversified financial services approach. Interest income grew to ₹568.54 lakhs in Q3FY26 from ₹383.20 lakhs in Q3FY25. However, the most significant contributor to revenue growth was the sale of shares and profit from futures & options trading, which surged dramatically to ₹7,629.35 lakhs from ₹587.82 lakhs in the corresponding quarter last year.

Dividend income also showed growth, increasing to ₹1.58 lakhs from ₹0.16 lakhs in the previous year's quarter. The company's total revenue from operations reached ₹8,199.47 lakhs, representing an exceptional increase from ₹971.18 lakhs in Q3FY25.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Goenka Business & Finance demonstrated consistent improvement:

Expense Management and Operational Efficiency

The company's expense structure shows strategic management across various categories. Finance costs increased to ₹573.04 lakhs in Q3FY26 from ₹361.97 lakhs in Q3FY25, reflecting the expanded business operations. Purchase of shares amounted to ₹728.16 lakhs compared to ₹166.31 lakhs in the previous year.

Other expenses significantly increased to ₹1,064.76 lakhs from ₹30.01 lakhs, while employee benefit expenses remained relatively stable at ₹19.44 lakhs versus ₹17.57 lakhs in Q3FY25. Total expenses for the quarter reached ₹7,854.83 lakhs compared to ₹1,066.96 lakhs in the corresponding period last year.

Corporate Governance and Compliance

The Board of Directors approved these results in their meeting held on February 10, 2026, at the company's corporate office in Ahmedabad. The results were reviewed by the Audit Committee and have received a clean limited review report from statutory auditors M A A K & Associates, Chartered Accountants. The company maintains compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring transparency in financial reporting.

Goenka Business & Finance Limited has successfully completed its postal ballot process, with shareholders overwhelmingly approving the re-appointment of two independent directors for second terms. The voting concluded on January 21, 2026, with both resolutions receiving strong support from the shareholder community.

Postal Ballot Results Overview

The company conducted the postal ballot exclusively through electronic voting, in compliance with SEBI regulations and MCA circulars. The process was overseen by scrutinizer Aanal Satyawadi of M/s Aanal Satyawadi & Co., who was appointed by the board on December 16, 2025.

Director Re-appointment Details

Both resolutions were classified as special resolutions and received identical voting results, demonstrating consistent shareholder confidence in the proposed appointments.

Resolution 1: Mr. Darshil Hemendrakumar Shah

Resolution 2: Mr. Nigambhai Govindbhai Sathavara

The second resolution for Mr. Nigambhai Govindbhai Sathavara's re-appointment received identical voting results, with 2,416,292 shares (96.48%) voting in favor and 88,170 shares (3.52%) voting against.

Voting Process and Compliance

The postal ballot was conducted in strict compliance with Section 110 of the Companies Act, 2013, and SEBI LODR Regulations. The company utilized NSDL's e-voting platform for the entire process, with no physical postal ballot forms distributed in accordance with MCA circulars.

The scrutinizer's report confirmed that all procedural requirements were met, including proper advertisement in Financial Express (English) and Sukhabar (Bengali) newspapers on December 23, 2025. The votes were unblocked and scrutinized on January 23, 2026, in the presence of two independent witnesses.

Shareholder Participation Analysis

The voting results show strong promoter group participation with 100% of their shareholding (1,938,000 shares) voting in favor of both resolutions. Among public shareholders, 566,462 shares participated in the voting process, representing 5.12% of the public shareholding of 11,062,100 shares.

Both resolutions have been declared passed with the requisite majority, enabling the company to proceed with the re-appointments for the next five-year terms. The company secretary Dharmik Ripinbhai Solanki confirmed the results to BSE, MSEI, and Calcutta Stock Exchange on January 23, 2026.