Ushakiran Finance Reports Q1 Profit Dip, Approves Director Reappointment and AGM Details

Ushakiran Finance Limited, a Hyderabad-based investment company, has reported its financial results for the first quarter ended June 30, 2025, showing a slight decline in profit compared to the same period last year. The company's Board of Directors also approved key appointments and set the date for its upcoming Annual General Meeting (AGM).

Financial Performance

For the quarter ended June 30, 2025, Ushakiran Finance reported a profit of Rs 7.17 crore, down from Rs 7.96 crore in the corresponding quarter of the previous year. Despite the profit dip, the company saw an increase in total income, which rose to Rs 17.85 crore from Rs 17.45 crore year-over-year.

The company's revenue growth was primarily driven by:

• Interest income of Rs 4.15 crore
• Net gain on fair value changes of Rs 12.85 crore

Board Decisions and AGM Details

In its board meeting held on August 14, 2025, Ushakiran Finance made several key decisions:

1. Director Reappointment: The Board recommended the reappointment of T. Adinarayana as a Non-Executive Non-Independent Director. This recommendation is subject to shareholder approval at the upcoming AGM.

2. Annual General Meeting: The company's 39th AGM is scheduled for September 27, 2025, at 1:00 PM. It will be conducted through video conferencing (VC) or other audio-visual means (OAVM).

3. Record Date: The record date for the AGM has been set as September 20, 2025.

4. Scrutinizer Appointment: D. Venkata Ratnam, a Chartered Accountant and Proprietor of M/s. Venkataratnam & Associates, has been appointed as the scrutinizer for the AGM.

Additional Information

Ushakiran Finance Limited operates in a single business segment of investments. The company reported no outstanding debt instruments, indicating a debt-free status.

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors. M/s. NSVR & Associates LLP, Chartered Accountants, conducted a limited review of the results and issued an unmodified report.

Investors and stakeholders can access the detailed financial results on the company's website ( www.uflfinance.com ) and the BSE website ( www.bseindia.com ).

As Ushakiran Finance navigates through the fiscal year, the focus remains on maintaining its investment portfolio and delivering value to its shareholders.