News Earnings Inter Globe Finance Limited Announces Q3FY26 Results and Warrant Conversion UpdatesInter Globe Finance Limited Announces Q3FY26 Results and Warrant Conversion Updates
Inter Globe Finance Limited announced its Q3FY26 unaudited financial results for the quarter ended December 31, 2025, approved by the board on February 13, 2026. The results received an unmodified opinion from statutory auditors and comply with SEBI regulations. The company reported significant warrant conversion activity, with Mr. Pramod Kumar Jain converting 9,07,000 out of 10,00,000 initially allotted warrants into equity shares, while 93,000 warrants lapsed and were cancelled in accordance with SEBI regulations.
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Inter Globe Finance Limited has announced its unaudited financial results for the third quarter of fiscal year 2026, ended December 31, 2025. The results were approved during a board meeting conducted on February 13, 2026, from 3:00 PM to 5:30 PM, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Results Approval
The quarterly financial results underwent thorough review by the company's Audit Committee before receiving board approval. The statutory auditors issued an unmodified opinion on the unaudited financial results, indicating no significant concerns with the financial reporting. Inter Globe Finance Limited submitted the required declaration pursuant to regulation 33(3)(d) of SEBI (LODR) Regulations, confirming the auditors' limited review report with unmodified opinion.
Convertible Warrant Developments
The board took note of significant developments regarding convertible warrants initially allotted to Mr. Pramod Kumar Jain. The warrant activity details are presented below:
| Parameter: | Details |
|---|---|
| Initial Warrant Allotment: | 10,00,000 warrants |
| Allotment Date: | May 27, 2024 |
| First Conversion: | 4,20,000 warrants on October 16, 2025 |
| Second Conversion: | 4,87,000 warrants on November 6, 2025 |
| Total Converted: | 9,07,000 warrants |
| Lapsed Warrants: | 93,000 warrants |
The remaining 93,000 convertible warrants were not exercised within the stipulated time period and have consequently lapsed. In accordance with the terms of issue and applicable provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, these warrants have been cancelled.
Regulatory Compliance Actions
Following the warrant cancellation, the board has forfeited 25% of the warrant subscription amount in compliance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The board authorized the Company Secretary to undertake all necessary corporate actions to formalize the cancellation process.
These actions include:
- Making requisite entries in statutory registers
- Filing necessary intimations with stock exchanges
- Submitting required documents to the Registrar of Companies
- Coordinating with other regulatory authorities as needed
The company has communicated these developments to BSE Limited and Calcutta Stock Exchange Limited, referencing scrip codes 0511391 and 10019038 respectively. Inter Globe Finance Limited continues to maintain compliance with all applicable regulatory requirements while managing its capital structure efficiently.
Historical Stock Returns for Inter Globe Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -5.35% | -21.25% | -39.72% | -31.83% | +493.22% |
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