F Mec International Financial Services Limited has announced significant board changes following recommendations from its Nomination and Remuneration Committee. The Executive Management Committee meeting held on February 19, 2026 approved the reappointment of the Managing Director and a change in designation for an existing director.

Board Appointments and Changes

The company has made two key board decisions effective February 19, 2026. Mr. Apoorve Bansal has been reappointed as Managing Director, while Mr. Kabeer Choudhary's role has been redesignated as Professional Non-Executive Director.

Managing Director Reappointment Details

Mr. Apoorve Bansal's reappointment as Managing Director is subject to approval by the company's members at the next General Meeting or Annual General Meeting, whichever is earlier. The reappointment covers a five-year period from February 19, 2026 to February 18, 2031.

Mr. Bansal brings significant expertise to his role as a qualified Chartered Accountant and Law Graduate from Amity University. He possesses over five years of extensive experience in retail and unsecured lending, with specialized knowledge in managing complexities specific to Non-Banking Financial Institutions (NBFCs). He is the son of promoters Mr. Pankaj Kumar and Mrs. Lalita Bansal, and brother of promoter Ms. Megha Bansal.

Director Designation Change

Mr. Kabeer Choudhary has transitioned to the role of Professional Non-Executive Director. He is a graduate from Hansraj College, Delhi University, and holds an MBA from IIM-Kolkata. His professional background includes experience as a founder in the Financial Service Industry, with skills in deal sourcing, management, and strategic leadership. Mr. Choudhary is not related to any other directors or key managerial personnel of the company.

Regulatory Compliance

Both directors have been confirmed as compliant with regulatory requirements. As mandated by BSE Circular No. LIST/COMP/14/2018-19 and NSE Circular No. NSE/CML/2018/24 dated June 20, 2018, the company has confirmed that neither Mr. Bansal nor Mr. Choudhary have been debarred from holding director positions by SEBI or any other regulatory authority.

Meeting Details

The Executive Management Committee meeting was conducted at the company's registered office on February 19, 2026, from 03:00 PM to 03:45 PM. The decisions were made based on recommendations from the Nomination and Remuneration Committee for the Financial Year 2025-2026. The intimation has been uploaded on the company's website at fmecinternational.com as per regulatory requirements.

F MEC International Financial Services Limited has delivered a strong financial performance for the third quarter of FY26, demonstrating robust growth across key operational metrics. The company announced its unaudited financial results for the quarter ended December 31, 2025, showcasing significant improvements in profitability and revenue generation.

Financial Performance Highlights

The company's financial performance for Q3 FY26 reflects strong operational efficiency and business growth:

Revenue Composition and Growth Drivers

The company's revenue growth was primarily driven by its core financial services operations. Interest income, the primary revenue source, increased substantially to ₹201.52 lakhs in Q3 FY26 from ₹132.96 lakhs in Q3 FY25, representing a growth of 51.55%. Other operating income also contributed positively, rising to ₹54.11 lakhs from ₹41.68 lakhs in the corresponding quarter last year.

Nine-Month Performance Overview

For the nine-month period ended December 31, 2025, F MEC International maintained its growth trajectory:

Operational Efficiency and Cost Management

The company demonstrated effective cost management during the quarter. Total expenses increased to ₹176.37 lakhs from ₹116.75 lakhs in Q3 FY25, primarily due to higher finance costs and other expenses as the business expanded. Despite the increase in absolute terms, the company maintained healthy profit margins, with profit before tax margin improving significantly.

Board Decisions and Corporate Governance

The Board of Directors, in their meeting held on February 12, 2026, approved the unaudited financial results for Q3 FY26 and nine months ended December 31, 2025. The meeting commenced at 03:30 P.M. and concluded at 05:15 P.M. The results were submitted to BSE Limited under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The financial results have been subject to limited review by statutory auditors KSJ & Co. Chartered Accountants and include certification from Chief Financial Officer Mahima Jain confirming the accuracy of the financial statements. The company maintains its registered office at 908, 9th Floor, Mercantile House, 15, K.G. Marg, New Delhi, Delhi-110001.