Shalibhadra Finance Ltd

Dematerialisation status

• Securities received for dematerialisation were confirmed (accepted/rejected) to the depositories.
• The dematerialised securities have been listed on the stock exchanges where the earlier issued securities are listed.
• Security certificates received for dematerialisation were mutilated and cancelled after due verification by the depository participant.
• The depository's name has been substituted as registered owner in the register within prescribed timelines.

Debenture issue approved

• Approved private placement of senior, secured, listed NCDs up to ₹24 crore.
• NCDs to be listed on BSE Limited.
• Allotment date and maturity to be set in transaction documents.

Shalibhadra Finance Ltd trading window closed from October 1, 2026; will open 48 hours after the announcement/declaration of the Unaudited Financial Results for the quarter ended September 30, 2026.

AGM Details

• Date: 30 September 2026; Time: 1:00 PM IST; Mode: VC/OAVM.
• Meeting concluded at 1:25 PM IST.

Ordinary Business

• Adopt audited balance sheet, P&L, and reports for year ended March 31, 2026.
• Declare dividend on equity shares for the year ended March 31, 2026.
• Appoint Minesh M. Doshi as Director liable to retire by rotation.
• Appoint Ayushi M. Doshi as Director liable to retire by rotation.

Special Business

• Ratify appointment of Vatsal M. Doshi as Managing Director.
• Enhance borrowing powers of the board under section 180(1)(c) of the Companies Act, 2013.
• Authorize board to sell, lease or dispose of the undertaking under section 180(1)(a).
• Issue secured, listed, redeemable non-convertible debentures on private placement.

Financing action

• Board approved issue of senior secured NCDs up to INR 20 crore via private placement.
• Debentures to be listed on BSE; terms to be set in transaction documents.

Key Update

• Clerical error in Administration & Other Expenses; reported as Rs 146 lakhs instead of Rs 148.
• Inadvertent clerical error; not material; corrected via XBRL filing on 12 September 2026.

Meeting Details

• Board meeting scheduled for 17 September 2026 at 3:30 PM; location not disclosed.

Key Agenda Items

• To consider and approve issuance of non-convertible debentures on a private placement basis.

52(4) disclosure update

• Bad Debts to Accounts Receivable Ratio added for quarter ended 30 Jun 2026.
• Omission was inadvertent; disclosure now completed under Regulation 52(4).
• Results reviewed by Audit Committee; Board approved on 12 Aug 2026.

52(7/7A) proceeds and deviations

• NCD issue on 10-Apr-2026: Rs 19.50 Cr raised; fully utilized.
• No deviation in use of proceeds; funds utilized as originally disclosed.

Q1 2026 standalone results highlights

• Q1 2026 standalone revenue 1,109 lakhs; net profit 491 lakhs.
• EPS basic/diluted 1.59.
• Debt-Equity 0.34; Net worth ₹177.45 cr; Current ratio 4.31.

Financial performance

• Total Income ₹41.10 crores; PAT ₹19.48 crores in FY2025-26.
• PBT ₹25.59 crores; tax ₹6.11 crores; EPS ₹6.31.
• Portfolio ₹215.26 crores; Total assets ₹232.28 crores; live customers 113,235.
• Branches 62; Capital adequacy 78.28%; ROE 11.94%.

Growth and geography

• 62 branches across 49 districts in Gujarat, Maharashtra, MP, Rajasthan.
• Expansion planned into Goa and Karnataka in near term.
• Live customers 113,235; growth 4.14% YoY.

Capital structure

• June 2025 bonus issue: 2,31,66,300 equity shares; 3-for-1.
• Post-bonus equity capital ₹30.89 crores; reserves ₹141.09 crores; net worth ₹171.98 crores.
• Dematerialisation: 99.09% of paid-up capital.

Governance and controls

• Board: 6 directors; MD Vatsal Doshi; Independent directors Govind Keswani (Chairman) and Kamalkant Keswani.
• 16 board meetings; independent directors met 3 times; Audit 5 meetings; Remuneration 4; CSR 4.
• Statutory auditors: Vora & Associates; Secretarial auditor: Paresh D. Pandya; no fraud reported.

Regulatory, risk and outlook

• RBI NBFC compliance; ICRA BBB- (Stable) rating.
• SEBI penalty proceedings for late filing; matter under consideration.
• Outlook positive; NBFC withdrawals create rural growth opportunities; target by 2029: 1,25,000 customers, 100 branches, ₹500 crore portfolio.
• Risks include credit in rural segments, macro volatility, liquidity, and floods.

CSR and ESG

• CSR spend ₹32.00 lakhs; 2% average net profit ₹32.54 lakhs; surplus ₹1.16 lakhs; unspent ₹0.62 lakh.
• CSR healthcare projects; two implemented with listed agencies.
• CSR committee met 4 times; directors Minesh Doshi, Govind Keswani, Kamalkant Keswani.

AGM & shareholding

• AGM on 30 Sep 2026 via VC/OAVM; book closure 24-30 Sep; record date 23 Sep 2026.
• BSE code 511754; NSE SAHLIBHFI; ISIN INE861D01011; 99.09% dematerialised.
• Lock-in: 136,000 shares; top holders include promotores Sheetal Doshi 18.03%, Minesh Doshi 16.48%.