Mega Corporation , a prominent financial services company, has released its unaudited standalone financial results for the quarter ended September 30, 2025, showcasing a mixed performance with profitability despite a shrinking loan portfolio.

Financial Highlights

Mega Corporation's financial performance for Q2 FY2026 can be summarized as follows:

Key Observations

Revenue and Profitability

Mega Corporation reported a total income of Rs. 183.45 lakhs for Q2 FY2026, primarily driven by interest income of Rs. 180.12 lakhs. The company's profit for the quarter stood at Rs. 19.15 lakhs, showing a decline from the previous quarter but maintaining profitability.

Expense Management

Total expenses for the quarter amounted to Rs. 164.30 lakhs, with finance costs being the major component at Rs. 100.23 lakhs. The company also reported an impairment on financial instruments of Rs. 5.55 lakhs.

Loan Portfolio

The company's loans portfolio decreased from Rs. 6,471.55 lakhs as of March 31, 2025, to Rs. 5,900.99 lakhs by September 30, 2025, indicating a reduction in lending activities.

Borrowings and Liquidity

Borrowings reduced from Rs. 4,111.09 lakhs to Rs. 3,549.84 lakhs, aligning with the decrease in the loan portfolio. However, cash and cash equivalents saw a significant decline from Rs. 157.63 lakhs to Rs. 47.48 lakhs.

Half-Yearly Performance

For the half-year period ended September 30, 2025, Mega Corporation reported a total revenue of Rs. 370.29 lakhs with a profit of Rs. 47.31 lakhs, demonstrating sustained profitability over the six-month period.

Management Commentary

The Board of Directors approved these unaudited financial results at their meeting held on November 10, 2025. The results were reviewed and recommended by the Audit Committee prior to the board's approval.

Auditor's Review

Manish Pandey & Associates, Chartered Accountants, conducted an independent review of the quarterly unaudited financial results. They stated that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

Conclusion

While Mega Corporation has maintained profitability in a challenging environment, the decline in loan portfolio and cash reserves may indicate a cautious approach to lending or potential market headwinds. Investors and stakeholders will likely be watching closely to see how the company navigates these challenges and capitalizes on opportunities in the coming quarters.

Note: All financial figures are in Indian Rupees (INR) and are on a standalone basis.

Mega Corporation Limited recently held a significant shareholder meeting, marking a pivotal moment for the company's governance and future plans. The meeting, which took place on September 22, 2025, saw active participation from a total of 24,088 shareholders, including both promoter group members and public shareholders.

Key Meeting Highlights

• Shareholder Participation: The meeting was attended by 7 promoter group members and 24,081 public shareholders through video conferencing, showcasing the company's commitment to inclusive and accessible corporate governance.

• Resolutions Passed: All five proposed resolutions were successfully passed, demonstrating strong shareholder support for the company's initiatives.

Detailed Resolution Outcomes

1. Adoption of Financial Statements: Passed as an ordinary resolution with 99.9998% votes in favor.

2. Re-appointment of Director: Mr. Surendra Chhalani (DIN: 00002747) was re-appointed as a director, with 99.9923% of votes cast in favor.

3. Appointment of Statutory Auditor: M/s. Manish Pandey & Associates (FRN: 019807C) was appointed as the statutory auditor for a five-year term (FY2025-26 to FY2029-30), receiving 99.9923% approval.

4. Appointment of Secretarial Auditor: M/s. Vikash Gupta & Associates was appointed as the secretarial auditor for a five-year term, also with 99.9923% of votes in favor.

5. Employee Stock Option Scheme: The "Mega Corporation Limited Employee Stock Option Scheme – 2025" was approved as a special resolution, garnering 99.9923% support.

Voting Patterns and Shareholder Engagement

The meeting revealed interesting voting patterns among different shareholder groups:

• Promoter Group: Holding 133,658,906 shares, the promoter group showed unanimous support, voting 100% in favor of all resolutions.

• Public Shareholders: While overall approval rates exceeded 99.99% for all matters, there was some opposition from public non-institutional shareholders. Approximately 11.7% of votes from this group were cast against certain resolutions.

Scrutinizer Details

The meeting proceedings were overseen by:

• Scrutinizer: Vikash Gupta
• Firm: VIKASH GUPTA & CO.
• Qualification: CS, Membership Number F9198
• Appointment: Board Meeting dated 29-08-2025
• Report Issuance: 01-10-2025

Conclusion

The successful passage of all resolutions, including the Employee Stock Option Scheme, signals strong shareholder confidence in Mega Corporation Limited's strategic direction and governance practices. The high participation rate and overwhelming support for the resolutions underscore the company's effective engagement with its diverse shareholder base.

As Mega Corporation Limited moves forward with these approved measures, stakeholders will be keen to observe the impact on the company's operations, employee motivation, and overall performance in the coming fiscal years.