Swastika Investmart Limited, a member of the National Stock Exchange (NSE), has been imposed with a monetary penalty of Rs 1,50,000 by the NSE for operational irregularities. The penalty comes in light of non-compliances reported in the company's internal audit report for the period of October 2024 to March 2025.

Penalty Details and Non-Compliance Issues

The NSE imposed the penalty based on the following key points:

• The penalty was levied under Exchange Circular Nos. NSE/INSP/51110 dated January 24, 2022, and NSE/INSP/53530 dated September 2, 2022.
• The non-compliances were identified through an internal audit report submitted by Swastika Investmart for the period October 2024 to March 2025.
• The company received the penalty order on November 17, 2025.

Nature of Non-Compliances

The operational irregularities reported include:

• Improper maintenance of logs for sharing weekly Statement of Accounts with clients
• Non-availability of pre-trade evidence for two sample clients
• Allowing trading in the account of a minor

Company's Statement

Swastika Investmart has stated that the penalty has no impact on its financial, operational, or other business activities. The company made this disclosure in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance

The company has duly informed the BSE Limited about this penalty as per the regulatory requirements. This transparency in reporting is in line with the ongoing efforts to maintain investor trust and adhere to regulatory standards in the Indian capital markets.

Conclusion

The penalty highlights the importance of strict operational compliance in the financial services sector. Swastika Investmart's prompt disclosure and assertion of no material impact on its operations demonstrate the company's approach to addressing regulatory concerns.

Swastika Investmart Limited has released its unaudited financial results for the second quarter and half-year ended September 30, 2025, revealing a decline in profit amid challenging market conditions.

Financial Performance

The company reported a standalone profit of ₹356.63 crore for Q2 FY26, down from ₹718.39 crore in the corresponding quarter of the previous year. Revenue from operations also saw a decrease, standing at ₹2,781.79 crore for the quarter, compared to ₹3,912.49 crore in Q2 FY25.

For the half-year period, Swastika Investmart's standalone profit was ₹698.32 crore, lower than the ₹1,334.84 crore recorded in the first half of the previous fiscal year.

Key Financial Highlights:

Segment-wise Performance

Swastika Investmart operates through two main segments:

1. Stock Broking & Related Activities
2. Merchant Banking Activities

The company's financial results indicate varying performances across these segments.

Board Approval and Audit Review

The unaudited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors in their meeting held on October 18, 2025. The results have also been reviewed by the company's Statutory Auditors in compliance with SEBI regulations.

Employee Stock Option Scheme

In a notable development, the Board of Directors and members of Swastika Investmart have approved the Employee Stock Option Scheme 2025. This scheme allows for the issuance of up to 3,10,000 stock options to eligible employees, as determined by the Nomination and Remuneration Committee. The company has received in-principle approval from the Stock Exchange for this scheme during the current quarter.

Consolidated Results

The consolidated results include the performance of Swastika Investmart's three wholly-owned subsidiaries:

• Swastika Fin-mart Private Limited
• Swastika Investmart (IFSC) Private Limited
• Avisa Wealth Manager Private Limited

Additionally, the results incorporate the share of profit/loss from its associate company, Swastika Insurance Broking Services Limited.

While the company faces challenges in the current market environment, it continues to focus on its core business segments and employee incentive programs to drive long-term growth and shareholder value.