ShaliBhadra Finance Limited has disclosed the acquisition of equity shares by a promoter group member in compliance with regulatory requirements under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction demonstrates continued confidence from the company's promoter group in its business prospects.

Transaction Details

Ayushi Doshi, identified as a member of the promoter group, executed a market purchase of equity shares on March 2, 2026. The transaction details are presented below:

Shareholding Changes

The acquisition resulted in an increase in Doshi's shareholding in the company. The pre and post-transaction shareholding comparison shows:

Regulatory Compliance Framework

ShaliBhadra Finance Limited submitted the disclosure to BSE Limited on March 2, 2026, pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's equity shares capital remains unchanged at 30,88,84,000 shares before and after the acquisition.

The disclosure was made through the prescribed format under SEBI SAST Regulations, which requires detailed reporting of shareholding changes by promoters and promoter group members. The filing confirms that no shares were encumbered and no voting rights were acquired through instruments other than equity shares.

Company Information

ShaliBhadra Finance Limited (CIN: L65923MH1992PLC064886) operates from its corporate office located at Kamat Industrial Estate, Prabhadevi, Mumbai. The company's shares are listed on the Bombay Stock Exchange under scrip code 511754.

The disclosure was signed by Vatsal M. Doshi, Managing Director (DIN: 07950770), confirming the company's commitment to regulatory transparency and compliance with SEBI guidelines for substantial acquisition disclosures.

Shalibhadra Finance Limited achieved a significant milestone in Q3FY26 by crossing the ₹200 crore Assets Under Management (AUM) threshold, closing the quarter at ₹212.49 crores. The RBI-registered NBFC, which specializes in small-ticket vehicle financing products with high yields across rural, semi-urban, and under-banked markets, demonstrated strong execution-led growth supported by improving ground-level demand trends.

Financial Performance and Growth Metrics

The company's AUM has shown consistent growth trajectory, expanding from ₹155 crores to ₹212.49 crores. This achievement reflects the strength of the company's expanding distribution network, disciplined underwriting framework, and sustained demand across core markets. Management remains confident of achieving the ₹220 crore AUM target by the end of FY26.

Operational Expansion and Infrastructure

During Q3FY26, Shalibhadra Finance expanded its branch network to 58 branches and strengthened its workforce to 190 employees, enhancing sourcing capabilities, service reach, and collection oversight. The company operates across 4 states covering 40+ districts, serving over 107,875 customers without following any franchise or Direct Selling Agent (DSA) model.

The company's operational footprint spans across:

• Gujarat: Multiple locations including Dabhoi, Dahod, Halol, Himmatnagar, Vyara, Mehsana, Vapi, Junagadh, and others
• Maharashtra: Extensive presence including Mumbai, Nashik, Kolhapur, Pune, Ahmednagar, and various other cities
• Madhya Pradesh: Operations in Dewas, Harda, Khandva, Ujjain, Ratlam, and other centers
• Rajasthan: Presence in Dungarpur

Product Portfolio and Market Focus

The company maintains a well-diversified portfolio led by new and used two-wheelers, ensuring balanced growth and risk distribution. The product range includes:

Asset Quality and Risk Management

Asset quality remained stable during the quarter, with GNPA at 3.01%, reflecting prudent credit selection and consistent monitoring despite accelerated portfolio growth. Collection efficiency continues to remain strong at above 99%, underscoring the resilience of the borrower base and disciplined recovery framework.

The company maintains almost 100% of loans backed by secured credit exposure, contributing to one of the lowest NPAs in the industry. While festive-led sales focus resulted in a marginal dip in collection efficiency, overall efficiency metrics demonstrate the strength of the company's risk-adjusted profitability profile.

Market Drivers and Business Environment

The reduction in GST on two-wheelers materially improved affordability, resulting in stronger vehicle sales and a notable pickup in disbursements during the quarter. This policy change supported the growth momentum witnessed in Q3FY26, which was execution-led and backed by improving ground-level demand trends.

Capital Position and Funding

AUM growth during the quarter has been partly funded through incremental borrowings, leading to a moderation in capital adequacy. However, the company's capital position remains comfortable and provides adequate headroom for calibrated expansion. The company is backed by leading banks and NBFCs, ensuring reliable capital flow for sustained operations.

Outlook and Strategic Direction

As the company enters Q4FY26 with strengthened infrastructure and strong pipeline visibility, management expects business momentum to remain healthy while continuing to balance growth with asset quality and capital prudence. The expansion positions the company well to sustain growth while maintaining operational control across its target markets in rural and semi-urban India.