Garbi Finvest Limited Announces Board Reshuffle: Director Resignation and New Appointment

1 min read     Updated on 29 Nov 2025, 05:51 PM
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Radhika SScanX News Team
Overview

Garbi Finvest Limited has made significant changes to its board and key committees. Mr. Suranjan Upadhyay resigned as Non-Executive Non-Independent Director, while Mr. Deepak Vishwakarma was appointed as an Additional Director. The company reconstituted its Audit, Nomination and Remuneration, and Stakeholders Relationship Committees, with Preeti Vijayvargia as Chairperson for all three. Mr. Vishwakarma, who brings over three years of business operations experience, will be subject to shareholder approval at the next Annual General Meeting.

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Garbi Finvest Limited , a financial services company, has announced significant changes to its board of directors and key committees. The company disclosed these changes in a regulatory filing dated November 29, 2025.

Board Changes

  • Resignation: Mr. Suranjan Upadhyay has stepped down from his position as Non-Executive Non-Independent Director, citing personal and unavoidable circumstances.
  • New Appointment: Mr. Deepak Vishwakarma has been appointed as an Additional Director (Non-Executive Non-Independent) on the same date.

Committee Reconstitution

Following these changes, Garbi Finvest has reconstituted its key committees. The updated structure of these committees is as follows:

Committee Members Positions
Audit Committee Preeti Vijayvargia Chairperson
Rakesh Agarwal Member
Ruchi Nagori Member
Deepak Vishwakarma Member
Nomination and Remuneration Committee Preeti Vijayvargia Chairperson
Rakesh Agarwal Member
Ruchi Nagori Member
Deepak Vishwakarma Member
Stakeholders Relationship Committee Preeti Vijayvargia Chairperson
Rakesh Agarwal Member
Ruchi Nagori Member
Deepak Vishwakarma Member

New Director Profile

Mr. Deepak Vishwakarma brings over three years of professional experience in business operations to the board. He holds a Bachelor of Arts degree and has completed an ITI qualification. The company expects his practical knowledge and managerial skills to contribute to its overall growth and governance.

Shareholder Approval

Mr. Vishwakarma's appointment is subject to shareholder approval at the next Annual General Meeting of the company.

These board changes reflect Garbi Finvest's commitment to maintaining strong corporate governance practices. The reconstitution of key committees with the inclusion of the new director aims to ensure continued effective oversight and management of the company's operations.

Investors and stakeholders of Garbi Finvest Limited should take note of these changes as they may impact the company's strategic direction and decision-making processes going forward.

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Garbi Finvest Reports Mixed Q2 Results: Revenue Up, Profits Down

1 min read     Updated on 14 Nov 2025, 06:49 PM
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Reviewed by
Shriram SScanX News Team
Overview

Garbi Finvest Limited reported mixed Q2 2025 results. Revenue increased to Rs 65.39 lakhs, up 3.2% quarter-on-quarter. However, the company posted a net loss of Rs 57.62 lakhs, compared to a profit of Rs 115.72 lakhs in the previous quarter. Half-year total comprehensive income was Rs 337.31 lakhs. EPS for Q2 stood at Rs 0.01. The company's financial position shows total assets of Rs 8,517.74 lakhs and total equity of Rs 7,914.52 lakhs. The Board of Directors approved these results on November 14, 2025, and an independent review was conducted by Kushal S Poonia & Co., Chartered Accountants.

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Garbi Finvest Limited, a non-banking financial company, has released its financial results for the quarter ended September 30, 2025, revealing a mixed performance with increased revenue but a significant drop in profits.

Revenue Growth

The company reported revenue from operations of Rs 65.39 lakhs for Q2 2025, marking a slight increase from Rs 63.36 lakhs in the previous quarter. This 3.2% quarter-on-quarter growth indicates a modest improvement in the company's core business activities.

Profit Decline

Despite the revenue growth, Garbi Finvest experienced a substantial decline in profitability. The company posted a net loss of Rs 57.62 lakhs for Q2 2025, a stark contrast to the profit of Rs 115.72 lakhs recorded in the prior quarter. This shift from profit to loss represents a significant downturn in the company's bottom line.

Half-Year Performance

For the half-year period, Garbi Finvest reported a total comprehensive income of Rs 337.31 lakhs. This figure suggests that despite the Q2 loss, the company's overall performance for the first half of the fiscal year remains positive.

Earnings Per Share

The earnings per share (EPS) for Q2 2025 stood at Rs 0.01, reflecting the impact of the quarterly loss on shareholder value.

Financial Position

As of September 30, 2025, Garbi Finvest's financial position shows:

Particulars Amount (Rs. in Lakhs)
Total Assets 8,517.74
Total Liabilities 603.22
Total Equity 7,914.52
Investments 5,512.73
Loans 2,982.45

Board Approval

The financial results were approved by the company's Board of Directors in their meeting held on November 14, 2025. The board's approval lends credibility to the reported figures and complies with regulatory requirements.

Auditor's Review

Kushal S Poonia & Co., Chartered Accountants, conducted an independent review of the financial results. Their review, based on the Standard on Review Engagements (SRE) 2410, found no material misstatements in the company's financial reporting.

Investors and stakeholders should note that while Garbi Finvest has maintained revenue growth, the significant swing to a net loss in Q2 2025 may warrant closer attention to the company's financial management and market conditions affecting its profitability.

Historical Stock Returns for Garbi Finvest

1 Day5 Days1 Month6 Months1 Year5 Years
-3.64%-4.95%+1.77%+30.57%-21.10%-39.95%
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