Kumbhat Financial Services Limited has announced a proposed inter-se transfer of equity shares among its promoter group members, involving the consolidation of shareholding within the promoter family. The transaction represents a significant internal restructuring of promoter holdings while maintaining the overall promoter group stake in the company.

Share Transfer Details

The proposed transaction involves Sanjay Kumbhat acquiring 5,25,900 equity shares, representing 9.87% of the company's total share capital, from multiple promoter group members. The transfer is scheduled to take place between February 18, 2026, and February 28, 2026.

Regulatory Compliance and Approvals

The company has obtained prior approval from the Reserve Bank of India for the proposed share transfer, as required for listed Non-Banking Financial Companies. The RBI, in its communication dated February 4, 2026, confirmed that the proposed change in shareholding has been duly taken on record.

The transaction falls under the exemption provided by Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as it constitutes an inter-se transfer among promoter group members. This exemption means that no open offer is required for the transaction.

Impact on Shareholding Pattern

Following the completion of this inter-se transfer, Sanjay Kumbhat's shareholding will increase from 663790 shares (12.46%) to 1189690 shares (22.33%). The sellers' combined holding of 5,25,900 shares (9.87%) will be transferred entirely to Sanjay Kumbhat.

The aggregate holding of the promoter and promoter group will remain unchanged before and after the transaction, maintaining the overall control structure of the company.

Transaction Rationale

According to the disclosure documents, the proposed transfer represents a private arrangement between promoter and promoter group members aimed at consolidating the family's assets. The acquisition price will not exceed the limits specified under Regulation 10(1)(a) of SEBI SAST Regulations.

The company has confirmed compliance with all applicable disclosure requirements under Chapter V of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and has committed to intimating the RBI within one month of the share issuance with details of the revised shareholding pattern.

Kumbhat Financial Services Limited has announced its unaudited financial results for the third quarter ended December 31, 2025, revealing mixed performance with significant revenue growth offset by increased losses. The Chennai-based financial services company, which operates primarily in the retail loans segment, reported these results following a board meeting held on February 9, 2026.

Financial Performance Overview

The company's financial performance for Q3FY26 showed contrasting trends in revenue and profitability metrics:

Revenue Components and Growth Drivers

The substantial revenue growth was driven by multiple income streams. Revenue from operations increased dramatically to ₹180.79 lakhs in Q3FY26 from ₹65.29 lakhs in the corresponding quarter of the previous year. Additionally, the company earned ₹11.49 lakhs from fees and commission income during the quarter, which was absent in Q3FY25.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company's performance metrics were:

Expense Structure and Cost Pressures

The company faced significant cost pressures across multiple expense categories. Finance costs increased substantially to ₹91.26 lakhs in Q3FY26 from ₹33.13 lakhs in Q3FY25. Net loss on fair value changes contributed ₹74.49 lakhs to expenses, compared to ₹14.40 lakhs in the previous year. Other major expense components included depreciation and amortization expenses of ₹18.67 lakhs and impairment on financial instruments of ₹3.09 lakhs.

Management Changes

The company announced significant changes in its key management personnel. The current Company Secretary will resign and relinquish office at the close of business hours on February 28, 2025. Mr. Bharath Selva Ganesh (Membership No. A78578) has been appointed as the new Company Secretary and will assume office on March 1, 2026.

Auditor Review and Compliance

The unaudited financial results have been subjected to limited review by Joseph & Rajaram, Chartered Accountants. The auditors issued an unmodified conclusion, stating that nothing came to their attention that would suggest the financial results contain material misstatements or fail to comply with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.