Dhruva Capital Services Board Accepts Whole-time Director's Resignation

Dhruva Capital Services Limited has announced the resignation of Mrs. Rachna Suman Shaw from her position as Whole-time Director, effective from the close of business hours on December 17, 2025. The development was communicated to BSE Limited under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Board Meeting Outcome

The Board of Directors of Dhruva Capital Services convened on December 17, 2025, to consider and approve the resignation. The meeting commenced at 3:00 p.m. and concluded at 4:45 p.m. During the session, the Board formally accepted Mrs. Shaw's resignation and acknowledged her contributions to the company.

Details:	Information
Director Name:	Mrs. Rachna Suman Shaw
DIN:	10414115
Position:	Whole-time Director
Effective Date:	December 17, 2025
Appointment Date:	July 10, 2024
Meeting Duration:	3:00 p.m. to 4:45 p.m.

Reason for Resignation

According to the resignation letter submitted by Mrs. Shaw, she cited her pre-occupancy in her own business venture as the primary reason for stepping down from her role. In her formal resignation letter dated December 17, 2025, Mrs. Shaw confirmed that there are no other material reasons for her resignation beyond those mentioned.

Board's Response and Appreciation

The Board of Directors placed on record its appreciation for the valuable contributions made by Mrs. Rachna Suman Shaw during her tenure with the company. After due consideration, the Board accepted the resignation and formally acknowledged her service. In her resignation letter, Mrs. Shaw expressed gratitude to the Board and other Committee members for their support during her time as Whole-time Director.

Regulatory Compliance and Documentation

The company has fulfilled all disclosure requirements under Regulation 30 read with Schedule III Para A(7B) of Part A of the SEBI Listing Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. The resignation letter and relevant annexures have been submitted to BSE Limited for record and dissemination.

Regulatory Details:	Information
BSE Scrip Code:	531237
Filing Regulation:	Regulation 30 of SEBI LODR
Annexure Provided:	Resignation letter and details
Confirmation:	No other material reasons for resignation

Mrs. Shaw's departure marks the end of her tenure that began on July 10, 2024, spanning approximately five months with the financial services company. The resignation was processed on the same day as the board meeting, ensuring immediate compliance with regulatory requirements.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-5.00%	-5.49%	+7.15%	-4.17%	-65.46%	+3,781.69%

Dhruva Capital Services Limited , a financial services company, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company reported a significant downturn in its financial performance compared to the same period last year.

Key Financial Highlights

Particulars (in Rs Lakhs)	Q2 FY26	Q2 FY25	H1 FY26	H1 FY25
Total Revenue	78.42	82.12	159.20	125.04
Total Expenses	36.15	7.83	114.31	12.83
Net Profit/(Loss)	(86.13)	57.35	(139.74)	88.91

Financial Performance Analysis

Dhruva Capital Services experienced a significant shift in its financial results for Q2 FY26:

Revenue: The company's total revenue for Q2 FY26 stood at Rs 78.42 lakhs, showing a slight decrease from Rs 82.12 lakhs in Q2 FY25.
Expenses: Total expenses saw a substantial increase to Rs 36.15 lakhs in Q2 FY26, compared to Rs 7.83 lakhs in the same quarter last year.
Net Loss: The company reported a net loss of Rs 86.13 lakhs for Q2 FY26, a stark contrast to the profit of Rs 57.35 lakhs in Q2 FY25.
Half-Year Performance: For H1 FY26, Dhruva Capital Services posted a loss of Rs 139.74 lakhs, compared to a profit of Rs 88.91 lakhs in H1 FY25.

Factors Affecting Performance

The company's financial performance appears to have been significantly impacted by:

Increased Expenses: There was a notable rise in total expenses, which grew from Rs 7.83 lakhs in Q2 FY25 to Rs 36.15 lakhs in Q2 FY26.
Provision for Non-Performing Assets (NPA): A substantial provision for NPA of Rs 128.40 lakhs was made in Q2 FY26, which largely contributed to the reported loss.
Finance Costs: The company incurred finance costs of Rs 15.24 lakhs in Q2 FY26, whereas no such costs were reported in the same quarter last year.

Balance Sheet Highlights

As of September 30, 2025:

Total Assets: The company's total assets stood at Rs 3,961.00 lakhs, a significant increase from Rs 2,019.77 lakhs as of March 31, 2025.
Loans and Advances: There was a notable increase in loans and advances to Rs 2,665.82 lakhs from Rs 1,936.05 lakhs at the end of the previous financial year.
Equity: The company's equity share capital increased to Rs 719.03 lakhs from Rs 406.17 lakhs, indicating a possible capital infusion during the period.

Management Commentary

The financial results were approved by the Board of Directors in a meeting held on November 13, 2025. The results have been reviewed by the Audit Committee and are available on the company's website and stock exchange platforms.

Investors and stakeholders should note that these are unaudited financial results and may be subject to changes upon audit. The company's performance in the coming quarters will be crucial in determining its financial trajectory for the full fiscal year.

Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Investors are advised to conduct their own research and consult with financial experts before making investment decisions.