Dharani Finance Limited Promoter Group Increases Shareholding to 28.71% Through Open Market Purchase

Dharani Finance Limited has announced an increase in its promoter group shareholding following an open market acquisition by one of its promoter group entities. The company disclosed this information to BSE Limited on December 31, 2025, under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulation, 2011.

Shareholding Transaction Details

Dharani Credit and Finance Private Limited, a promoter group entity, acquired 1,270 equity shares of Dharani Finance Limited through open market transactions. The acquisition represents 0.025% of the company's total share capital.

Parameter:	Before Acquisition	After Acquisition	Change
Shares Held:	2,51,154 shares	2,52,424 shares	+1,270 shares
Individual Holding %:	5.03%	5.06%	+0.03%
Total Promoter Group %:	28.68%	28.71%	+0.03%

Regulatory Compliance and Disclosure

The company clarified that this change in shareholding does not meet the prescribed threshold specified under SEBI SAST regulations. However, Dharani Finance Limited chose to make this disclosure voluntarily as part of good corporate governance practices and to ensure full transparency with stakeholders.

Corporate Governance Initiative

The disclosure was signed by Murugavel Ramasamy, Managing Director (DIN 10693633), emphasizing the company's commitment to transparent communication with investors and regulatory authorities. The company trades on BSE under scrip code 511451.

This voluntary disclosure demonstrates Dharani Finance Limited's proactive approach to corporate governance, providing shareholders with complete information about promoter group activities even when not mandatorily required under regulatory frameworks.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.95%	+11.58%	-4.68%	+6.00%	-12.40%	+102.29%

Dharani Finance Limited , a Non-Banking Financial Company (NBFC), has announced its unaudited financial results for the quarter ended September 30, 2025. The company reported a mixed performance with increased revenue but a decline in profit, while facing ongoing concerns from auditors regarding an outstanding inter-corporate deposit.

Financial Highlights

For Q2 FY26, Dharani Finance reported:

Metric	Q2 FY26	Q2 FY25	YoY Change
Total Revenue	Rs 33.04 lakhs	Rs 23.23 lakhs	42.2%
Net Profit	Rs 9.99 lakhs	Rs 10.81 lakhs	-7.6%

The company's total revenue from operations saw a significant increase of 42.2% year-over-year, rising from Rs 23.23 lakhs in Q2 FY25 to Rs 33.04 lakhs in Q2 FY26. However, despite the revenue growth, net profit for the quarter decreased by 7.6%, from Rs 10.81 lakhs to Rs 9.99 lakhs.

Half-Year Performance

For the half-year ended September 30, 2025:

Metric	H1 FY26	H1 FY25	YoY Change
Total Revenue	Rs 69.03 lakhs	Rs 60.83 lakhs	13.5%
Net Profit	Rs 26.43 lakhs	Rs 41.86 lakhs	-36.9%

The company's half-yearly results show a 13.5% increase in total revenue but a substantial 36.9% decrease in net profit compared to the same period last year.

Auditor Concerns

The statutory auditors have issued a qualified opinion on the unaudited financial results, highlighting two key issues:

The company has not received interest on an inter-corporate deposit of Rs 200 lakhs given to Aryav Exports Private Limited since July 2017.
If provisions were made for this outstanding balance, the company's net owned funds would fall below the limits prescribed by the Reserve Bank of India (RBI) for NBFCs.

The auditors noted that these issues may affect Dharani Finance's ability to continue as an NBFC and as a going concern. The company's future operations may depend on capital infusion to meet minimum net owned funds criteria and identification of alternative business plans.

Management Response

The management has prepared the financial statements on a going concern basis. The company continues to recognize revenue and conduct operations as usual.

Segment Performance

Dharani Finance operates primarily in the financial services segment. For Q2 FY26, the segment reported:

Revenue: Rs 33.04 lakhs
Profit before tax and interest: Rs 23.49 lakhs

The company does not have any other reportable segments as per Ind AS 108 - Operating Segments.

Balance Sheet Position

As of September 30, 2025:

Total Assets: Rs 1,021.06 lakhs
Total Liabilities: Rs 46.30 lakhs
Total Equity: Rs 974.77 lakhs

The company maintains a strong equity position, with equity share capital of Rs 499.72 lakhs and other equity of Rs 475.05 lakhs.

Investors and stakeholders should closely monitor the company's efforts to address the auditor's concerns, particularly regarding the outstanding inter-corporate deposit and compliance with RBI norms for NBFCs. The company's ability to resolve these issues may have a significant impact on its future operations and regulatory status as an NBFC.