Asia Capital Limited Appoints New Directors and Reports Q1 FY2026 Financial Results
Asia Capital Limited appointed two new directors: Mr. Devendrasingh Ramola as Non-Executive Director and Mrs. Sangeeta Sudhir Kumar Trivedi as Executive Director. The company's Q1 FY2026 results show a 61.12% decrease in total income and a 90.23% decline in net profit compared to Q1 FY2025. Total assets stand at ₹51,711.51 thousand with a strong equity position. The company also announced its 41st AGM, approval for increased borrowings, and appointments of Secretarial and Statutory Auditors.
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Asia Capital Limited , a BSE-listed Non-Banking Financial Company (NBFC), has announced significant changes to its board of directors and released its financial results for the first quarter of the fiscal year 2025-2026.
Board Appointments
The company has appointed two new additional directors effective August 01, 2025:
Mr. Devendrasingh Ramola: Appointed as Additional Director (Non-Executive), Mr. Ramola brings over 31 years of experience in the NBFC sector. He is the Co-Founder of SKC Investment Advisors Pvt Ltd and Asia Capital Limited, specializing in financial advisory, loan syndication, and sustainable investments.
Mrs. Sangeeta Sudhir Kumar Trivedi: Appointed as Additional Director (Executive), Mrs. Trivedi is an artist by profession with a Bachelor of Arts degree from Jiwaji University, Gwalior.
Q1 FY2026 Financial Highlights
For the quarter ended June 30, 2025, Asia Capital Limited reported the following financial results:
| Particulars (in ₹ thousands) | Q1 FY2026 | Q1 FY2025 | YoY Change |
|---|---|---|---|
| Total Income | 5.26 | 13.53 | -61.12% |
| Total Expenses | 4.16 | 2.37 | +75.53% |
| Profit Before Tax | 1.10 | 11.15 | -90.13% |
| Net Profit After Tax | 0.85 | 8.70 | -90.23% |
| Earnings Per Share (in ₹) | 0.03 | 0.28 | -89.29% |
The company's total income decreased by 61.12% year-over-year, while total expenses increased by 75.53%. Consequently, the net profit after tax saw a significant decline of 90.23% compared to the same quarter last year.
Balance Sheet Overview
As of June 30, 2025:
- Total Assets: ₹51,711.51 thousand
- Total Equity: ₹51,507.99 thousand
- Total Liabilities: ₹203.52 thousand
The company's balance sheet shows a strong equity position, with total equity accounting for 99.61% of total assets.
Cash Flow and Liquidity
Asia Capital Limited reported a significant decrease in cash and cash equivalents:
- Cash and cash equivalents at the beginning of the quarter: ₹63,780.73 thousand
- Cash and cash equivalents at the end of the quarter: ₹26,272.43 thousand
This reduction was primarily due to changes in working capital and a decrease in borrowings.
Other Corporate Actions
The company also announced several other corporate actions:
- The 41st Annual General Meeting is scheduled for August 25, 2025.
- The Board has approved borrowings exceeding the aggregate of the paid-up capital and free reserves of the company.
- M/s. Saloni Goyal & Associates has been appointed as the Secretarial Auditor for a term of five years.
- M/s. Shankarlal Jain & Associates LLP has been re-appointed as Statutory Auditors for a term of five consecutive years.
These developments indicate that Asia Capital Limited is undergoing significant changes in its governance structure while navigating through a challenging financial quarter. The appointment of experienced directors may help the company in strategizing for future growth and addressing the current financial performance issues.
Historical Stock Returns for Asia Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -100.00% | 0.0% | 0.0% | 0.0% | -100.00% | -100.00% |
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