Tirth Gems, a Mumbai-based entity, has disclosed a substantial acquisition of shares in Goenka Business & Finance Limited under SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The disclosure was filed on March 05, 2026, following the completion of the share acquisition.

Acquisition Details

The acquisition involved the purchase of 8,10,000 shares through open market transfer, completed on March 02, 2026. This transaction increased Tirth Gems' total shareholding in the target company significantly.

Shareholding Pattern

The acquisition has resulted in a substantial change in Tirth Gems' shareholding pattern in Goenka Business & Finance Limited. The entity's stake has increased from a minor holding to a significant position.

Company Information

Goenka Business & Finance Limited maintains its listing on multiple stock exchanges including BSE Limited, Metropolitan Stock Exchange of India Limited, and Calcutta Stock Exchange. The company's equity structure remains unchanged following this acquisition.

Regulatory Compliance

Tirth Gems has confirmed that it does not belong to the promoter or promoter group of Goenka Business & Finance Limited. The disclosure has been filed in accordance with Regulation 29(1) and 29(2) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011. The notification was sent to BSE Limited, Metropolitan Stock Exchange of India Limited, and the Company Secretary & Compliance Officer of the target company.

The acquirer, Tirth Gems, is based at 104, Mlspaces, Opp. Jain Derasar, Station Road, Vile Parle West, Mumbai-400056, with Vora B.P. serving as Partner.

Goenka Business & Finance Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating a significant improvement in financial performance. The NBFC reported a strong turnaround with substantial growth in revenue and profitability during the third quarter of FY26.

Financial Performance Overview

The company's financial results show a remarkable transformation from the previous year's performance:

Revenue Composition and Growth Drivers

The company's revenue structure reflects its diversified financial services approach. Interest income grew to ₹568.54 lakhs in Q3FY26 from ₹383.20 lakhs in Q3FY25. However, the most significant contributor to revenue growth was the sale of shares and profit from futures & options trading, which surged dramatically to ₹7,629.35 lakhs from ₹587.82 lakhs in the corresponding quarter last year.

Dividend income also showed growth, increasing to ₹1.58 lakhs from ₹0.16 lakhs in the previous year's quarter. The company's total revenue from operations reached ₹8,199.47 lakhs, representing an exceptional increase from ₹971.18 lakhs in Q3FY25.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Goenka Business & Finance demonstrated consistent improvement:

Expense Management and Operational Efficiency

The company's expense structure shows strategic management across various categories. Finance costs increased to ₹573.04 lakhs in Q3FY26 from ₹361.97 lakhs in Q3FY25, reflecting the expanded business operations. Purchase of shares amounted to ₹728.16 lakhs compared to ₹166.31 lakhs in the previous year.

Other expenses significantly increased to ₹1,064.76 lakhs from ₹30.01 lakhs, while employee benefit expenses remained relatively stable at ₹19.44 lakhs versus ₹17.57 lakhs in Q3FY25. Total expenses for the quarter reached ₹7,854.83 lakhs compared to ₹1,066.96 lakhs in the corresponding period last year.

Corporate Governance and Compliance

The Board of Directors approved these results in their meeting held on February 10, 2026, at the company's corporate office in Ahmedabad. The results were reviewed by the Audit Committee and have received a clean limited review report from statutory auditors M A A K & Associates, Chartered Accountants. The company maintains compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, ensuring transparency in financial reporting.