Swastika Investmart Limited has released its unaudited financial results for the second quarter and half-year ended September 30, 2025, revealing a decline in profit amid challenging market conditions.

Financial Performance

The company reported a standalone profit of ₹356.63 crore for Q2 FY26, down from ₹718.39 crore in the corresponding quarter of the previous year. Revenue from operations also saw a decrease, standing at ₹2,781.79 crore for the quarter, compared to ₹3,912.49 crore in Q2 FY25.

For the half-year period, Swastika Investmart's standalone profit was ₹698.32 crore, lower than the ₹1,334.84 crore recorded in the first half of the previous fiscal year.

Key Financial Highlights:

Segment-wise Performance

Swastika Investmart operates through two main segments:

1. Stock Broking & Related Activities
2. Merchant Banking Activities

The company's financial results indicate varying performances across these segments.

Board Approval and Audit Review

The unaudited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors in their meeting held on October 18, 2025. The results have also been reviewed by the company's Statutory Auditors in compliance with SEBI regulations.

Employee Stock Option Scheme

In a notable development, the Board of Directors and members of Swastika Investmart have approved the Employee Stock Option Scheme 2025. This scheme allows for the issuance of up to 3,10,000 stock options to eligible employees, as determined by the Nomination and Remuneration Committee. The company has received in-principle approval from the Stock Exchange for this scheme during the current quarter.

Consolidated Results

The consolidated results include the performance of Swastika Investmart's three wholly-owned subsidiaries:

• Swastika Fin-mart Private Limited
• Swastika Investmart (IFSC) Private Limited
• Avisa Wealth Manager Private Limited

Additionally, the results incorporate the share of profit/loss from its associate company, Swastika Insurance Broking Services Limited.

While the company faces challenges in the current market environment, it continues to focus on its core business segments and employee incentive programs to drive long-term growth and shareholder value.

Swastika Investmart Limited (ISIN: INE691C01022) has announced a significant change in its senior management team. Deepak Somani, the company's Chief Growth Officer and Senior Management Personnel, has tendered his resignation, marking the end of his tenure with the financial services firm.

Resignation Details

Somani submitted his resignation via email on July 21, 2025, citing his intention to pursue career opportunities outside the organization for better advancement prospects. The company's board has accepted his resignation, with the last working day set for August 15, 2025.

Management's Response

Managing Director Sunil Nyati confirmed the acceptance of Somani's resignation in line with company policy. In an email response, Nyati stated, "Your resignation has been accepted as per the company policy and your last working day would be 15th August 2025. Please submit all the company's assets and documents in your possession to the HR department."

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Swastika Investmart has made the necessary disclosures to the BSE Limited. The company's Company Secretary and Compliance Officer, Shikha Agrawal, filed the official notification on July 22, 2025.

Reasons for Departure

According to the disclosure, Somani's decision to leave is primarily driven by his desire to explore new career opportunities and seek better prospects for professional growth. The company has confirmed that there are no other material reasons for his departure beyond the stated intention to pursue external career advancement.

Transition Process

As part of the standard exit procedure, Somani is required to return all company assets and documents to the HR department before his last day. This ensures a smooth transition and maintains the company's operational integrity.

Swastika Investmart Limited, listed on the BSE, will likely be looking to fill this key position in the coming weeks to ensure continuity in its growth strategies.

The departure of a senior executive like the Chief Growth Officer can often signal a period of change for a company. Stakeholders and market observers will be keen to see how Swastika Investmart adapts to this transition and who they might bring on board to drive their growth initiatives going forward.