Minolta Finance Limited has announced its unaudited financial results for the quarter ended December 31, 2025, showcasing a remarkable turnaround with a net profit of ₹230.65 lakhs compared to ₹2.73 lakhs in the same quarter of the previous year. The Board of Directors approved these results during their meeting held on February 13, 2026, along with significant corporate restructuring proposals.

Financial Performance Highlights

The company demonstrated strong quarterly performance with substantial revenue growth and improved profitability metrics.

The company's interest income showed exceptional growth, rising from ₹22.14 lakhs in Q3 FY25 to ₹455.69 lakhs in Q3 FY26. Total expenses for the quarter stood at ₹270.85 lakhs, including finance costs of ₹169.56 lakhs and impairment provisions of ₹80.45 lakhs.

Nine-Month Performance Analysis

While the quarterly results show improvement, the nine-month period presents a different picture with challenges in overall profitability.

The nine-month period shows a net loss of ₹329.69 lakhs compared to a net profit of ₹5.37 lakhs in the corresponding period of the previous year, primarily due to increased finance costs of ₹569.66 lakhs and impairment provisions of ₹467.23 lakhs.

Major Corporate Restructuring Initiative

The Board has approved a significant capital expansion proposal that requires shareholder approval through postal ballot.

The proposed increase in authorized share capital from ₹10.20 crores to ₹70.20 crores represents a substantial expansion of ₹60 crores. The new equity shares will rank pari passu with existing equity shares, and the proposal includes consequent alteration of the Capital Clause in the Memorandum of Association.

Auditor Concerns and Risk Factors

The statutory auditors M/S JCR & Co. LLP have highlighted several material concerns in their limited review report. The company has made ECL provisions of approximately ₹0.80 crores during the quarter, bringing total accumulated ECL provisions to ₹5.54 crores, which represents more than 70% of the net-worth. With loan and advances exposure of ₹198.11 crores, the auditors warn that any further deterioration could materially impact net-worth and affect company operations without stakeholder support.

Additionally, the company shows investments in quoted and unquoted shares amounting to ₹62.96 lakhs, but currently lacks documentation justifying ownership of these investments. The auditors note that interest expense may be understated in some loan accounts due to missing loan documents, though the amount cannot be quantified.

Meeting Details and Compliance

The Board meeting commenced at 5:00 PM and concluded at 6:30 PM on February 13, 2026. The company has fulfilled its regulatory obligations under Regulation 30 and Regulation 33 of the SEBI Listing Regulations, with proper submission of results to BSE Limited and The Calcutta Stock Exchange Ltd. The paid-up equity share capital remains unchanged at ₹999.96 lakhs, consisting of equity shares of ₹10 each.

Minolta Finance Limited has secured in-principle approval from BSE Limited for its proposed rights issue of fully paid-up equity shares, marking a significant step forward in the company's capital raising initiative.

BSE Approval Details

The company received the approval through BSE's official communication dated January 30, 2026, under reference number LOD/RIGHT/RB/FIP/1610/2025-26. This approval comes in response to Minolta Finance's application that was originally submitted on March 18, 2025.

Regulatory Compliance Framework

The rights issue will be undertaken in strict adherence to multiple regulatory frameworks. The company has committed to following the applicable provisions of the Companies Act, 2013, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. Additionally, all other applicable laws will be observed throughout the process.

The approval remains subject to receipt of remaining statutory and regulatory approvals as may be required for the successful completion of the rights issue.

Key Requirements and Conditions

BSE has outlined several important conditions that Minolta Finance must fulfill during the rights issue process:

• Record Date Notice: The company must provide at least three working days advance notice to the exchange before fixing the record date
• Price Disclosure: Rights issue price must be disclosed at least three working days prior to the record date
• Dematerialization: Agreements with all depositories must be in place to offer dematerialized allotment options
• Basis of Allotment: Must be approved by the Designated Stock Exchange, even in cases of under-subscription

Pending Details and Timeline

Minolta Finance has indicated that comprehensive details regarding the rights issue structure will be communicated to stakeholders in due course. The pending information includes:

• Record date for determining eligible shareholders
• Issue price per equity share
• Entitlement ratio for existing shareholders
• Complete issue schedule and timeline

Company Information

Minolta Finance Limited operates under CIN L65921WB1993PLC057502 with its registered office located in Kolkata, West Bengal. The company's equity shares are currently listed on BSE Limited under scrip code 532164 and on The Calcutta Stock Exchange Limited under scrip code 10023910.

The approval represents a crucial milestone in the company's capital expansion plans, providing a pathway for existing shareholders to participate in the growth story through the rights issue mechanism.