Shalibhadra Finance Limited has reported a significant insider trading disclosure under SEBI regulations. Ayushi Doshi, a promoter group member, has substantially increased her stake through a major open market purchase on December 30, demonstrating continued strong confidence in the company's prospects.

Latest Transaction Details

The regulatory filing under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 reveals substantial acquisition details:

The acquisition was executed through open market purchase on the Bombay Stock Exchange. Ayushi Doshi submitted the required documentation to BSE Limited on December 30, maintaining full regulatory compliance under substantial acquisition regulations.

Updated Shareholding Position

The latest acquisition has resulted in Ayushi Doshi reaching a significantly higher 1.65% shareholding:

This represents the largest single acquisition by Ayushi Doshi, bringing her total shareholding to 1.65% of the company's voting capital, a substantial increase from her previous position of 1.23%.

Company Profile and Capital Structure

Shalibhadra Finance Limited operates in the finance sector with the following corporate details:

Regulatory Compliance

The disclosure was made in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was signed by Vatsal M. Doshi, Managing Director (DIN: 07950770), confirming the transaction details. This substantial acquisition by a promoter group member reflects positive sentiment towards the company's future prospects and demonstrates strong insider confidence in the business fundamentals.

Shalibhadra Finance Limited, a non-banking financial company (NBFC) focused on rural and semi-urban areas, has reported strong financial results for the first quarter, along with strategic initiatives to enhance its market presence.

Financial Highlights

The company's performance in Q1 showcased robust growth across key financial metrics:

Asset Quality and Profitability

Shalibhadra Finance maintained strong asset quality with Gross Non-Performing Assets (GNPA) at 2.84% and Net Non-Performing Assets (NNPA) at 0.66%. The company's profitability metrics remained healthy, with Return on Assets (ROA) at 9.30% and Return on Equity (ROE) at 11.70%.

Strategic Initiatives

The Board of Directors has approved a proposal to list the company's equity shares on the National Stock Exchange (NSE). This move is expected to enhance market visibility and investor participation.

Capital Structure and Expansion Plans

In June, the company completed a 3:1 bonus issue, increasing its paid-up equity capital from ₹77.20 crore to ₹308.80 crore. With a robust Capital Adequacy Ratio of 87.00%, Shalibhadra Finance is well-positioned for future growth.

The NBFC currently operates through 53 branches across 40 districts in four states. It has set targets to expand its branch network to 100 by FY27 and grow its Assets Under Management to ₹2,750.00 crore in the same period.

Management Commentary

Minesh M. Doshi, Founder & Managing Director, commented on the results: "We are pleased to report another quarter of strong profitability, carrying forward our growth momentum. Our strategy remains focused on profitable, rural-led expansion. With a robust capital adequacy ratio, we are well-positioned to fund growth without external equity in the near term."

Future Outlook

Shalibhadra Finance aims to leverage its deep rural footprint and efficient service delivery model to capitalize on the growing demand for two-wheeler loans in India. The company plans to introduce new products such as used tractor loans, salaried personal loans, and affordable housing loans to diversify its portfolio and enhance returns.

As the company continues to expand its geographical presence and product offerings, it remains committed to its mission of catering to the diverse financial needs of rural India while creating sustainable value for all stakeholders.