Wallfort Financial Services Ltd

Dematerialisation status

• Securities in the certificate have been listed on the stock exchanges.
• Physical certificates received for dematerialisation were mutilated and cancelled, with the depository substituted as registered owner.
• No physical certificates were received for dematerialisation during the quarter.

NSE penalties in abeyance

• SEBI advised keeping NSE penalties totaling Rs 6,00,000 in abeyance pending further communication.
• Company will disclose additional updates if SEBI provides further guidance.

Appointment of WTD

• Appointment of Manoj Bharadia as Whole-time Director.
• Term: re-appointment from 01 November 2026 for three years.
• Reason: term expiry and shareholders approved re-appointment.
• Profile: Commerce graduate, promoter director; handles trading administration and client relationships; capital markets experience.
• Relationship disclosure: Promoter Director of the company.

AGM Details

• 31st AGM held 25 September 2026 via VC/OAVM; 04:00–04:35 PM.
• Record date for voting: 18 September 2026.
• Remote e-voting: 22–24 September 2026; e-voting at AGM available.

Key Resolutions

• Ordinary Resolution 1: adopt audited financials for 2025-26.
• Ordinary Resolution 2: re-appoint Manoj Bharadia as director (retiring by rotation).
• Special Resolution 3: re-appoint Manoj Bharadia as Whole-time Director.

Voting Results

• Resolution 1 passed; 1 vote against.
• Resolution 2 passed; all votes in favour.
• Resolution 3 passed; all votes in favour.

Dividend

• No dividend proposed or declared.

Director Changes

• Manoj Bharadia re-appointed as Whole-time Director; term/remuneration not disclosed.

Scrutinizer & Voting Details

• Consolidated Scrutinizer's Report submitted for e-voting.
• Voting conducted via Central Depository Services (CDSL).

AGM details

• Date and time: 25 September 2026 at 04:00 pm IST
• Mode: VC/OAVM; concluded at 04:35 pm IST
• Quorum present; meeting deemed to be at the registered office

Resolutions

• Ordinary: adopt audited financial statements for year ended 31 March 2026
• Ordinary: appoint director on rotation (Manoj Bharadia) by rotation
• Special: re-appoint Manoj Bharadia as Whole-time Director

Voting status

• Results to be declared after AGM and remote e-voting
• E-voting window open during AGM for those present

Directors

• Manoj Bharadia to retire by rotation and seek re-appointment
• Subject to approval, to be re-appointed as Whole-time Director

Auditors

• Statutory and Secretarial Auditors attended; no changes announced

NSE penalty

• NSE imposed Rs 2,25,700 penalty for alleged non-compliance.
• Date of NSE communication: 22 September 2026.
• Company will file waiver application with NSE within prescribed timeline.
• Impact on finances: None reported.

Wallfort Financial Services Limited — Trading Window closed from 1 October 2026 for the purpose of considering Un-audited Financial Results for the Quarter and Half Year ended 30 September 2026; shall open after 48 hours of the results becoming generally available.

Financial performance

• Revenue from operations declined to Rs 4.80 crore (FY25: Rs 33.36 cr).
• Total income Rs 16.01 crore, down from Rs 33.59 cr.
• Loss before tax Rs 3.99 crore; prior year profit Rs 14.88 cr.
• Net loss after tax Rs 3.00 crore; prior year profit Rs 12.00 cr.
• EPS (basic/diluted) Rs -3.10.
• No dividend recommended for FY2025-26.

Balance sheet snapshot

• Total assets Rs 1,813,119 thousand.
• Total equity Rs 15,88,386.78 thousand; share capital Rs 96,872 thousand.
• Net worth Rs 15,88,386.78 thousand; reserves Rs 149,15,? (see notes).
• Borrowings Rs 53,510.70 thousand; cash Rs 6,519.13 thousand.
• Investments Rs 12,24,994.50 thousand; trade payables Rs 1,49,724.02 thousand.

Cash flows

• Net cash from operating activities Rs 48,112.74 thousand.
• Net cash used in investing activities Rs -138,172.22 thousand.
• Net cash from financing activities Rs 72,529.39 thousand.
• Net decrease in cash Rs -17,530.09 thousand.

Governance & board

• Board comprises 6 directors: 3 executive, 3 independent.
• Eight board meetings held in FY25-26; good governance cadence.
• Audit Committee met 4 times; chair Ekta Sanghvi (Independent).
• CSR Committee met 2 times; CSR policy on wallfort.com.
• Key management personnel: MD, CFO, Company Secretary.

Statutory audit & controls

• Statutory auditors: Kochar & Associates; Secretarial Auditor: Priti J Sheth.
• Auditor's report: unqualified on financial statements.
• Internal financial controls considered adequate and effective.

CSR policy & activities

• CSR budget Rs 37,61,709; expenditure Rs 43,35,600 for FY25-26.
• Projects include education, hunger alleviation, safe drinking water.
• CSR policy and projects disclosed on company website.

Related party transactions

• Disclosures of related party transactions exist; remuneration and rents to related parties disclosed.
• Remuneration to KMP amounted to Rs 16.81 lakh in FY26.
• Sitting fees paid to directors; no defaults observed.

Risk & outlook

• Market volatility may affect revenues; BFSI sector remains resilient.
• Regulatory changes and cybersecurity risk ongoing.
• Management focusing on core broking, advisory expansion, and risk controls.

Notes on financial statements

• No material fraud; CSR and risk disclosures included.
• Ind AS 116 lease exemptions applied; operating leases expensed.
• Comprehensive notes accompany financial statements.

AGM details

• AGM on 25 September 2026 at 04:00 PM via VC/OAVM.
• Proceedings to be conducted at the registered office.
• Cut-off for e-voting is 18 September 2026.
• AGM conducted via VC/OAVM under MCA/SEBI guidelines.

Ordinary business

• Adopt audited financial statements for the year ended 31 March 2026.
• Appoint Manoj Bharadia, retiring by rotation, for re-appointment.

Special business

• Re-appoint Manoj Bharadia as Whole-time Director for three years from 1 November 2026.
• Remuneration terms: salary Rs 50,000 to Rs 3,00,000 per month and 5% of net profits.
• Perquisites include housing, utilities, travel, club fees, and personal accident insurance.
• Board to execute all necessary agreements and documents to give effect to the resolution.

Director remuneration and profile

• Manoj Bharadia, 53, appointed 16 November 1994; last drawn remuneration Rs 6,50,000.

Financial performance

• FY2026 net loss reported, reflecting adverse market conditions.