ANUPAM FINSERV LIMITED

Publication Details

Anupam Finserv Ltd (BSE: 530109) has filed proof of publication for its unaudited financial results for the quarter and half-year ended September 30, 2026. The company confirmed that these advertisements were published in the Business Standard and Mumbai Lakshdeep on October 30, 2026, as required by the Securities and Exchange Board of India (SEBI).

Important Dates

Regulatory Context

This filing is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates that listed companies publish their financial results in newspapers to ensure public disclosure and transparency.

What Shareholders Should Know

The newspaper advertisement serves as a procedural confirmation that the financial results have been released. Shareholders and investors can access the detailed standalone and consolidated financial results, along with the Limited Review Report, on the company’s official website or through the official BSE portal.

Board and Governance Update

Anupam Finserv Ltd has formally notified the exchange regarding a change in its internal audit firm. The company's Board of Directors took note of the resignation of the existing Internal Auditor and approved the appointment of a new firm during the board meeting held on 29th October 2026.

Internal Auditor Transition

New Auditor Profile

The newly appointed firm, M/s Bubna & Associates, is a boutique professional services firm established in 2020. The firm provides assurance, tax, regulatory, and business advisory services to domestic and international clients. Their service offerings include audit, risk advisory, consulting, performance improvement, and cost consulting.

Regulatory Context

The intimation was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates the disclosure of material corporate developments, including changes in key audit appointments.

Key Highlights

• Event: Unaudited standalone financial results for the quarter and half-year ended September 30, 2026.
• Approval Date: October 29, 2026.
• Review: Limited review conducted by statutory auditors CGCA & Associates LLP.

Financial Snapshot (Standalone)

Note: Amounts converted from thousands ('000) to crores for readability.

Revenue and Income Analysis

The company's revenue from operations for the quarter ended September 30, 2026, was Rs 1.75 crore (Rs 17,501.51 thousand), showing growth compared to the Rs 0.97 crore (Rs 9,684.90 thousand) reported in the corresponding quarter of the previous year. Total income for the quarter was Rs 1.92 crore (Rs 19,223.68 thousand).

Profitability and Margin Analysis

Net profit for the quarter ended September 30, 2026, was Rs 0.55 crore (Rs 5,549.52 thousand), compared to Rs 0.90 crore (Rs 8,953.05 thousand) in the year-ago quarter. Profit Before Tax (PBT) also saw a reduction, moving from Rs 1.19 crore (Rs 11,936.92 thousand) in the same period last year to Rs 0.78 crore (Rs 7,803.36 thousand) in the current quarter. Basic and diluted Earnings Per Share (EPS) stood at Rs 0.03 for the quarter.

Balance Sheet Update

As of September 30, 2026, the company reported:

• Total Assets: Rs 50.64 crore (Rs 506,437.46 thousand).
• Total Equity: Rs 31.71 crore (Rs 317,103.76 thousand).

Investor Takeaway

Anupam Finserv Ltd has reported growth in top-line revenue for the quarter ended September 30, 2026, when compared to the same period last year. However, net profit for the period has declined year-on-year. Investors should note that these are unaudited standalone results subject to a limited review. As a financial services company, future performance remains dependent on the interest rate environment, loan book quality, and operational efficiency.

Key Highlights

Financial Performance

Anupam Finserv Ltd reported an increase in total income for the quarter and half-year ended September 30, 2026, compared to the corresponding periods of the previous year. However, net profit for these periods declined.

Financial Summary (Rs in Crore)

Note: Converted from '000 as reported in the filing. Previous year figures are provided as per the filing table.

Governance Update

The Board of Directors, at their meeting held on October 29, 2026, approved a change in the internal auditors of the company. No specific reason for the change was provided in the outcome filing.

Auditor Review

The standalone financial results were reviewed by the company's statutory auditors, CGCA & Associates LLP. The review report is unmodified, indicating that nothing came to the auditors' attention that caused them to believe the statements were not prepared in accordance with applicable accounting standards.

What This Means for Investors

Investors should pay attention to the divergence between the company's top-line growth and the compression in net profit. While total income grew in both the quarterly and half-yearly periods, the net profit declined, suggesting potential pressure on margins or rising expenses. Additionally, the change in internal auditors is a governance development that shareholders should note, as it reflects a shift in the oversight function of the company.

Investor Takeaway

The company's latest quarterly results reflect a mixed financial performance with top-line growth tempered by profit decline. The governance change regarding internal auditors adds an administrative layer to monitor. Shareholders are advised to watch for any further management commentary regarding cost control and the rationale behind the auditor change in subsequent disclosures.

Meeting Overview

Anupam Finserv Ltd has formally notified the BSE that a meeting of its Board of Directors is scheduled to be held on Thursday, October 29, 2026.

Agenda

The primary purpose of this meeting is to consider and approve the standalone unaudited financial results of the company for the quarter and half-year ended September 30, 2026, alongside other business items.

What This Means for Investors

This is a standard regulatory filing made in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Investors should monitor the company's exchange filings for the official release of the financial results following the conclusion of the board meeting.

Compliance Update

Anupam Finserv Ltd has filed the compliance certificate for the month and quarter ended September 30, 2026, as required under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The company's Registrar and Share Transfer Agent, Purva Sharegistry (India) Pvt. Ltd., provided the confirmation.

Key Details

What This Means for Investors

This filing is a standard corporate governance procedure mandated by SEBI to ensure that companies and their registrars process requests for dematerialization of shares within the prescribed timelines. The "Nil" status indicates that there were no share dematerialization requests received or processed during the reported quarter. This is a routine regulatory compliance event and has no bearing on the financial performance, liquidity, or operational outlook of the company.

AGM Voting Results Overview

Anupam Finserv Ltd conducted its 35th Annual General Meeting (AGM) on September 30, 2026, via audio-video conferencing. The company has formally released the consolidated Scrutinizer's Report, confirming that all five resolutions presented in the notice were passed by the shareholders with the requisite majority.

Summary of Resolutions Passed

The shareholders approved the following business items:

Voting Process and Participation

The voting process included both remote e-voting (September 27-29, 2026) and electronic voting during the AGM.

• Total Shareholders (Record Date 23-09-2026): 50,246
• Total Valid Votes Cast: 86,181,075 shares
• Resolution Status: All five resolutions were passed with overwhelming support, as evidenced by the high percentage of votes cast in favor (exceeding 99.9% for all resolutions).

Governance Update

The approval of the issuance of convertible warrants on a preferential basis, the remuneration package for the CEO and Managing Director, and the authorization for material related party transactions reflect the company's current management and strategic priorities as supported by its shareholders.

Investor Takeaway

The AGM outcomes indicate that the company has secured the necessary shareholder mandates for its current strategic and governance agenda, including future capital-raising initiatives through warrant issuance and the continuation of key leadership roles.

Key Highlights

Business Transacted

The 35th Annual General Meeting (AGM) of Anupam Finserv Ltd covered the following business items:

Ordinary Business

• Adoption of Financials: Approval of the Audited Financial Statements for the financial year ended March 31, 2026, along with the reports of the Directors and Auditors.
• Director Re-appointment: Re-appointment of Mr. Pravin Gala (DIN: 00786492) as a Director, who retired by rotation.

Special Business

• Preferential Allotment: Approval for the issuance of convertible warrants on a preferential allotment basis.
• Executive Remuneration: Approval of the remuneration payable to Mr. Siddharth Gala, Chief Executive Officer and Managing Director.
• Related Party Transactions: Approval of material related party transactions.

Corporate Governance and Process

• The meeting was conducted in compliance with guidelines issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).
• The company extended e-voting facilities to members starting September 27, 2026, until September 30, 2026.
• Ms. Kushla Rawat was appointed as the Scrutinizer to oversee the e-voting process.
• The results of the voting are to be declared following the receipt of the Scrutinizer's report and will be made available on the company website and the stock exchange portal.

Investor Takeaway

The 35th AGM of Anupam Finserv Ltd concluded with the approval of key strategic items. The approval of preferential warrant issuance is a significant corporate action that may signal future capital infusion plans. Shareholders should monitor official filings for the final voting results and subsequent disclosures regarding the specific terms of the warrant issuance, including pricing and allottees, once released by the company.

Compliance Update

Anupam Finserv Ltd has formally notified the BSE regarding the closure of its trading window. This action is a standard regulatory requirement aimed at ensuring compliance with insider trading norms ahead of the company's financial results announcement.

Trading Window Closure Details

The trading window for the company's securities will be closed effective from October 1, 2026.

• Reason: Preparation for the declaration of financial results for the quarter and half-year ended September 30, 2026.
• Duration: The window will remain closed until 48 hours after the financial results are declared and made public.

During this period, designated persons and insiders are restricted from trading in the company's shares.

Investor Takeaway

This filing is a routine procedural update required under the SEBI (Prohibition of Insider Trading) Regulations. It is not indicative of any specific financial or operational development and has no material impact on the company's investment thesis.

Key Highlights

Anupam Finserv Ltd has issued its notice for the 35th Annual General Meeting (AGM), which has been rescheduled to September 30, 2026, through Video Conferencing/OAVM. The filing includes the Board's Report, audited financial statements for FY 2025-26, and notice for special business resolutions, including a preferential issue of warrants and revisions to executive remuneration.

Financial Snapshot

For the financial year ended March 31, 2026, the company reported the following performance:

Management highlighted a 285% rise in Net Profit after tax compared to the previous financial year.

Corporate Action Details

The company has proposed the following special business items for shareholder approval:

• Preferential Allotment: Issuance of up to 40,00,000 fully convertible warrants to promoter Mr. Pravin Nanji Gala at an issue price of Rs. 2.00 per share. An upfront payment of 25% is required, with a conversion tenure of 18 months.
• Managerial Remuneration: Approval for payment to the Managing Director, Mr. Siddharth Gala, in excess of Section 197 limits (exceeding 5% of net profits) for a period of 3 consecutive financial years (FY 2026-29).
• Material Related Party Transactions: Approval for transactions with related parties (including Nipra Trading, GM Mercantile, Anupam Wealth, and Anupam Stationery) up to Rs. 5 crore per entity.

Management Commentary and Guidance

In the Management Discussion and Analysis, the company emphasized its shift toward a "data-backed" underwriting model to manage credit risks in its retail MSME and personal loan portfolios. Management indicated an expected 20-50% revenue trajectory growth over the next 5 years due to strategic optimizations. It also noted an intentional increase in operational costs to onboard experienced leadership and upgrade the technology stack.

What Looks Positive

• Strong growth in profitability (285% rise in PAT).
• Proactive move to diversify funding through the issuance of Non-Convertible Debentures (NCDs) to reduce reliance on bank term loans.
• Clear focus on technology-enabled lending and AI-driven risk management.

Concerns and Watch Points

• Remuneration Approval: The proposal to pay managerial remuneration exceeding Section 197 limits requires close shareholder monitoring.
• Operational Costs: Management explicitly stated that higher operational costs to support tech upgrades may impact PAT for several upcoming quarters.
• Credit Risks: As the company scales its MSME and personal loan segments, it faces inherent credit risks, which it is attempting to mitigate by transitioning from asset-backed to data-backed underwriting.

AGM Schedule Update

Anupam Finserv Ltd has issued a formal corrigendum to its 35th Annual General Meeting (AGM) notice. The meeting, originally scheduled for September 10, 2026, has been rescheduled to Wednesday, September 30, 2026. This change is attributed to administrative reasons.

Key Voting and Participation Dates

Shareholders should note the following updated timeline for the AGM:

• Cut-off Date for Voting: September 23, 2026
• Remote E-voting Period: Begins September 27, 2026 (09:00 A.M.) and ends September 29, 2026 (05:00 P.M.)

Preferential Issue Adjustments

The company has revised the terms for the proposed preferential allotment of 40,00,000 convertible warrants to the promoter, Mr. Pravin Nanji Gala. The key changes are:

• Issue Price: Revised from Rs. 1.92 to Rs. 2.00 per share.
• Total Consideration: Revised from Rs. 0.768 crore (Rs. 76.80 lakh) to Rs. 0.8 crore (Rs. 80 lakh).
• Relevant Date: Fixed at August 31, 2026, for determining the floor price.

Other Notice Updates

• Compliance: The company has added a direct link to the Compliance Certificate issued by the Practicing Company Secretary.
• Deletion: Point no. 14 regarding 'Recomputation of Issue Price' has been deleted from the Explanatory Statement as the company states it is not applicable.

Summary of AGM Agenda

The original agenda for the 35th AGM remains intact, subject to the modifications above:

• Ordinary Business: Adoption of audited standalone financial statements and the re-appointment of Mr. Pravin Gala as a director.
• Special Business:
  • Approval of the preferential issuance of convertible warrants.
  • Approval of remuneration for CEO/MD Mr. Siddharth Gala, in excess of Section 197 limits.
  • Approval of material related party transactions up to Rs. 5 crore per entity.

All other details mentioned in the original AGM notice dated August 12, 2026, not specifically modified by this corrigendum, remain unchanged. The company has instructed shareholders to read this corrigendum in conjunction with the original notice.

Publication Details

Anupam Finserv Ltd has officially submitted its newspaper advertisements regarding the company's financial results for the quarter ended June 30, 2026. This action is in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Newspaper Publication

The financial results were published in the following newspapers on August 14, 2026:

• Business Standard
• Mumbai Lakshdeep

What Shareholders Should Know

This filing is a procedural step to ensure the availability of financial information to the public and shareholders. Existing shareholders can view the full financial results, including all explanatory notes and relevant financial statements, by visiting:

• The Company's official website: www.anupamfinserv.com
• The BSE website: www.bseindia.com (Script Code: 530109)

AGM Overview

Anupam Finserv Ltd has convened its 35th Annual General Meeting (AGM) to be held on Thursday, September 10, 2026, at 12:15 PM IST. Due to current regulatory norms, the meeting will be conducted entirely through Video Conferencing (VC) or Other Audio Visual Means (OAVM).

Key Agenda Items

Beyond the adoption of audited financial statements and the re-appointment of director Mr. Pravin Gala (retiring by rotation), shareholders will vote on three key special business resolutions:

1. Preferential Allotment: Issuance of up to 4,000,000 convertible warrants to the promoter, Mr. Pravin Nanji Gala.
2. Managerial Remuneration: Approval for remuneration to Mr. Siddharth Gala, CEO and Managing Director, exceeding Section 197 limits.
3. Related Party Transactions: Approval for material related party transactions involving directors and related entities up to Rs. 5 crore each.

Preferential Warrant Issuance

The company plans to raise capital through the issuance of 4,000,000 fully convertible warrants to the promoter, Mr. Pravin Nanji Gala, on a preferential basis.

• Total Consideration: Rs. 76,80,000 (Rs. 76.80 lakh).
• Issue Price: Rs. 1.92 per warrant (including a premium).
• Conversion: Exercisable within 18 months from the date of allotment.
• Upfront Payment: At least 25% of the issue price is payable on or before allotment.

Managerial Remuneration

The board has proposed a revised remuneration package for the CEO and Managing Director, Mr. Siddharth Gala, for a period of three consecutive years commencing from April 1, 2026, and ending March 31, 2029. The approval is sought because the proposed remuneration may exceed the 5% net profit limit prescribed under Section 197 of the Companies Act, 2013.

Related Party Transactions

The company is seeking general approval from members to enter into or continue with contracts, arrangements, or transactions with related parties, including Nipra Trading Private Limited, GM Mercantile Private Limited, and others. The threshold for these transactions is set at up to Rs. 5 crore per entity.

Investor Takeaway

Shareholders should note that the proposed warrant issuance is a significant capital-raising exercise that will adjust the promoter group's holding. Furthermore, the remuneration proposal and related party transaction authorizations are critical governance items. Eligible shareholders are encouraged to participate in the remote e-voting process, which begins on September 7, 2026, and concludes on September 10, 2026.

Financial Snapshot

Segment Performance

Financial Analysis

The company's total income for the quarter stood at ₹1.72 crore (₹171.76 lakh), compared to ₹1.16 crore (₹116.27 lakh) in the same quarter last year. Profit before tax also showed growth, rising to ₹0.74 crore (₹74.13 lakh) for the June 2026 quarter from ₹0.46 crore (₹45.70 lakh) in the June 2025 quarter.

Sequentially, the performance improved as well. Profit before tax increased to ₹0.74 crore (₹74.13 lakh) from ₹0.44 crore (₹44.14 lakh) recorded in the previous quarter (ended March 31, 2026).

Segment Analysis

• Financing: This remains the primary business segment. It generated ₹1.69 crore (₹168.67 lakh) in revenue and contributed significantly to profitability with a segment result of ₹1.36 crore (₹135.51 lakh).
• Leasing: This segment continues to face challenges. Despite generating ₹0.03 crore (₹3.09 lakh) in revenue, the segment recorded a loss of ₹0.17 crore (₹17.33 lakh) for the quarter.

What Looks Positive

The core financing business is showing strong momentum, driving top-line and bottom-line growth on both a year-over-year and sequential basis. The company has maintained steady operational oversight, resulting in higher profit margins compared to the previous year.

Concerns and Watch Points

The leasing segment continues to be a drag on overall profitability, reporting a loss for the current quarter. Investors should monitor whether management implements any restructuring or cost-optimization strategies for this specific business line.

Investor Takeaway

Anupam Finserv delivered a solid performance for the quarter ended June 30, 2026, driven largely by its financing operations. The growth in revenue and profit compared to the previous year is a positive indicator of the company's core business strength. However, the recurring losses in the leasing segment remain a notable area for concern. Shareholders should track the company's ability to maintain its financing growth trajectory while addressing the persistent underperformance in the leasing division.

Key Highlights

Financial Snapshot

Financial Performance

Anupam Finserv reported strong growth for the quarter ended June 30, 2026. The company's total income rose to ₹171.76 lakh compared to ₹116.27 lakh in the corresponding quarter of the previous year. Similarly, the profit for the period increased to ₹56.15 lakh from ₹34.26 lakh in the June 2025 quarter. This performance reflects an upward trend in operational efficiency compared to the previous year.

Segment Performance

The Financing segment continues to be the primary revenue driver for the company, contributing ₹135.68 lakh during the quarter. The Leasing segment reported revenue of ₹3.09 lakh, while other activities contributed ₹32.99 lakh.

Corporate Action Details

The Board approved the issuance of 4,000,000 equity share warrants to the promoter, Mr. Pravin Nanji Gala, at an issue price of ₹1.92 per warrant. The total consideration for this issuance is ₹76.80 lakh. The warrants are convertible into equivalent equity shares within 18 months from the date of allotment. Investors should note that a 25% amount of the exercise price is payable upon subscription, and failure to exercise within the tenure will result in the forfeiture of the paid amount.

Investor Takeaway

Anupam Finserv has demonstrated year-over-year improvement in its financial results, supported by growth in both income and profit. The preferential warrant issuance indicates active promoter participation and capital infusion. Shareholders should monitor the conversion of these warrants within the 18-month timeframe and continue to observe the performance of the financing segment, which remains the company's core revenue contributor.

Key Highlights

Regulatory Compliance Details

Anupam Finserv Ltd has formally submitted its compliance certificate to the BSE for the month of July 2026. This filing is made under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, which mandates that the company and its Registrar verify and confirm the dematerialization and rematerialization activity of its securities.

The certificate confirms that the company is in adherence to the prescribed timelines for processing security certificates. The Registrar, Purva Sharegistry (India) Private Limited, has certified that the securities received for dematerialization have been accepted or rejected, and the relevant registers have been updated accordingly.

Dematerialization Status

The report indicates that there was NIL dematerialization activity for the specified period from July 01, 2026, to July 31, 2026. All security certificates processed by the Registrar have been accounted for, mutilated, and cancelled in accordance with regulatory procedures, ensuring that the register of members is accurately maintained.

Investor Takeaway

This filing is a routine statutory disclosure provided by the company to ensure transparency in its investor services and share registry operations. It does not contain financial or operational results that would impact stock valuation. Existing shareholders should view this as a standard confirmation of the company's ongoing adherence to SEBI's compliance requirements.

Board Meeting Overview

Anupam Finserv Ltd has scheduled a meeting of its Board of Directors for Wednesday, August 12, 2026. The primary purpose of this meeting is to review and approve the company's standalone unaudited financial results for the quarter ended June 30, 2026.

Corporate Action Details

Beyond the quarterly financial results, the company has explicitly stated that it will consider a fund-raising proposal as part of the meeting agenda.

This is a significant event as fund-raising initiatives can often influence a company's capital structure, equity dilution, or liquidity position. Investors should watch for the official outcome of this meeting, as the company is expected to disclose further details regarding the nature, scale, and intended purpose of the potential capital raise.

What This Means for Investors

The upcoming board meeting is a key event to watch. While the review of quarterly financial results is a routine compliance activity, the inclusion of a fund-raising item on the agenda suggests a potentially material strategic development.

Investors are advised to wait for the post-meeting disclosure, which will provide clarity on:

• Whether the fund-raising plan is approved.
• The specific method of fund-raising (e.g., equity, debt, or other instruments).
• The rationale behind the capital requirement.

Until further details are provided, the impact of this potential action on shareholder value remains unclear.

Key Highlights

Important Figures Used

Corporate Action Details

Anupam Finserv Ltd has proceeded with the allotment of Tranche 1 of its FY 2026-2027 Non-Convertible Debentures (NCDs). The Board of Directors approved the issuance of 388 NCDs via circular resolution on July 31, 2026. This action aligns with the company's intimation to the exchange dated May 29, 2026, regarding its intent to raise funds through this route.

Concerns and Watch Points

Investor Takeaway

Anupam Finserv Ltd has executed its plan to raise funds via the private placement of NCDs. The allotment, totaling ₹3.88 crore (₹388 lakh), is a routine capital management activity. Investors should note that the instruments are both unlisted and unrated, emphasizing the need for independent credit assessment. This event does not signal a major operational change but highlights the company's reliance on private placement debt markets to meet its capital requirements.

Regulatory Compliance

Anupam Finserv Ltd has filed its mandatory compliance certificate for the quarter ended June 30, 2026, as required under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.

Key Details

The company, through its Registrar and Share Transfer Agent (RTA), Purva Sharegistry (India) Private Limited, has confirmed that no security certificates were received for processing during the period from April 1, 2026, to June 30, 2026.

What This Means for Investors

This filing is a routine administrative update required to ensure that shareholding records are correctly maintained and that security certificates, if processed, are duly cancelled. The disclosure confirms 'NIL' activity, indicating that there were no share conversions during the quarter. This is a standard governance procedure and does not impact the company's financial position, operations, or business outlook.

Summary

• Anupam Finserv Ltd. submitted a regulatory compliance certificate from its Registrar, Purva Sharegistry (India) Pvt. Ltd.
• The certificate confirms adherence to SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended March 31, 2026.
• It verifies the processing, acceptance/rejection, and listing of dematerialised/rematerialised securities, along with member register updates.
• Notably, accompanying tables indicate 'NIL' share dematerialisation activity during the specified periods.

Key Numbers & Dates

• Quarter Covered: Month and Quarter ended March 31, 2026
• Registrar Confirmation Date: April 1, 2026 (Purva Sharegistry)
• Submission to Exchange Date: April 2, 2026 (Anupam Finserv)
• Dematerialisation Activity (March 2026): NIL
• Dematerialisation Activity (Q4 FY26): NIL

What Changes for the Business

• This report is a routine regulatory compliance filing and does not indicate any immediate changes to the company's business operations.

Summary

• Anupam Finserv Limited has announced the closure of its trading window.
• The trading window will commence on April 1, 2026.
• It will be reopened 48 hours after the company's financial results for the quarter and year ending March 31, 2026, become publicly available.

Key Numbers & Dates

• Trading Window Close Start Date: April 1, 2026
• Trading Window Reopen Condition: 48 hours after financial results for Q4 FY26 are published

What Changes for the Business

• The company is implementing a standard practice of closing the trading window to prevent insider trading.
• This restricts trading by directors, designated employees, and their immediate relatives during the specified period.

⚠️ What Could Go Wrong

• [Other] Investors should be aware that company personnel are restricted from trading shares during this period.

What to Track Next

• The release date of Anupam Finserv's financial results for the quarter and year ending March 31, 2026.
• The subsequent announcement regarding the reopening of the trading window.

Summary

• Anupam Finserv Limited has approved the grant of 8,000,000 Employee Stock Options (ESOPs).
• These ESOPs are under the 'Anupam Finserv Employee Stock Option Plan 2025'.
• The exercise price for each option is set at INR 1.90.
• Vesting is scheduled over 1 to 5 years, subject to specific company performance conditions.

Key Numbers & Dates

• Total ESOPs Approved: 8,000,000 Options
• Exercise Price per Option: INR 1.90
• Committee Resolution Date for Approval: 19th March 2026
• BSE Intimation Date: 20th March 2026

What Changes for the Business

• The grant of ESOPs aims to incentivize employees and align their interests with the company's long-term performance and value creation.
• Successful vesting can lead to increased employee retention and commitment.

⚠️ What Could Go Wrong (source-based)

• [Financial] Vesting of ESOPs is contingent on meeting specific non-market company performance conditions, which might not be achieved.

Summary

• Anupam Finserv Limited made disclosures under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, on March 10, 2026.
• Dhruvil Gala, acting as acquirer and part of the promoter group, acquired 92,65,000 shares (4.88% of voting capital) through an inter-se transfer by way of gift.
• The shares were gifted by his grandfather, Nanji Gala, who is part of the promoter group.
• The total promoter group holding in Anupam Finserv Limited remains unchanged at 51.747% after this transaction.

Key Numbers & Dates

• Date of Acquisition: 10th March, 2026
• Shares Acquired: 92,65,000 (4.88% of voting capital)
• Total Promoter Holding Before Acquisition: 51.747%
• Total Promoter Holding After Acquisition: 51.747%
• Total Equity Share Capital: Rs. 18,97,67,750 (₹18.98 cr)
• Face Value per Share: Rs. 1/-

What Changes for the Business

• The acquisition represents an inter-se transfer by way of gift within the promoter group, meaning there is no change in the overall control or beneficial ownership of the promoter group.
• Dhruvil Gala's direct shareholding has increased as a result of the gift.

What to Track Next

• No specific next steps or future plans were mentioned in this disclosure.

Summary

• Anupam Finserv Limited has raised funds through the allotment of Non-Convertible Debentures (NCDs) on a private placement basis.
• The company's Board of Directors approved the allotment of 519 NCDs by circulation on March 10, 2026.
• The total amount raised through this issuance is ₹5.19 crore (₹519.00 lakh).

Key Numbers & Dates

• Allotment Date: March 10, 2026
• Total Amount Raised: ₹5.19 cr (₹519.00 lakh)
• Number of NCDs Allotted: 519
• Face Value per NCD: ₹1,00,000 (₹1.00 lakh)
• Issue Price per NCD: ₹1,00,000 (₹1.00 lakh)
• Previous Intimation Date: December 26, 2025

What Changes for the Business

• The company has augmented its financial resources through the private placement of NCDs.
• This issuance helps in strengthening the company's capital structure.

⚠️ What Could Go Wrong

• [Financial] The NCDs are unrated, meaning their credit quality has not been independently assessed, which could imply higher investment risk.
• [Other] The NCDs are unlisted, which means they cannot be traded on a stock exchange, potentially impacting liquidity for investors.

Anupam Finserv Limited has officially released its unaudited financial results for the quarter and nine months ending December 31, 2025. The company announced these findings via newspaper publications in 'Active Times' and 'Mumbai Lakshadweep Daily' on February 11, 2026, in line with SEBI's disclosure requirements.

Anupam Finserv Limited has disclosed its un-audited standalone financial results for the third quarter and nine months ended December 31, 2025. The company reported a Total Income of ₹1250.29 Crore for the quarter ended December 31, 2025, marking a substantial year-on-year (YoY) increase of approximately 30% from ₹966.81 Crore in the corresponding quarter of the previous year. Profit Before Tax (PBT) witnessed a significant surge of approximately 790% YoY, reaching ₹539.25 Crore in Q3 FY26 compared to ₹60.60 Crore in Q3 FY25. This led to a dramatic expansion in PBT margins, which rose from around 6.3% to 43.1% quarter-on-quarter.

For the nine months ended December 31, 2025, Anupam Finserv reported a Total Income of ₹1776.95 Crore, a decrease of approximately 38% YoY from ₹2869.53 Crore in the nine-month period ended December 31, 2024. Despite the revenue decline, the company achieved a robust growth of approximately 84% YoY in Profit Before Tax, which stood at ₹1193.33 Crore for 9M FY26, up from ₹649.26 Crore in 9M FY25. The PBT margin for the nine-month period consequently improved significantly from about 22.6% to 67.1% YoY.

Basic Earnings Per Share (EPS) for the quarter was ₹0.02, an increase from ₹0.005 in the prior year's quarter. For the nine-month period, Basic EPS was ₹0.02, up from ₹0.01 in the previous year.

The company operates in two identified reportable segments: Financing and Leasing. No forward-looking guidance or commentary from a post-earnings conference call was provided in the released documents. Details regarding balance sheet, cash flow, or specific ratios beyond EPS were not elaborated upon in this excerpt.

A notable event reported is the unfreezing of a company bank account with a balance of ₹28.20 Crore, which had been frozen by the cyber cell, Hyderabad, since February 2021 due to its linkage with a fintech partner, Yomoyo Blossom Technology Private Limited. The company received a No Objection Certificate on November 25, 2025, and the funds were realized on January 2, 2026. The financial results were reviewed by the Audit Committee and approved by the Board of Directors on February 10, 2026.

Anupam Finserv Limited announced its unaudited standalone financial results for the quarter and nine months ended December 31, 2025, following the Board of Directors' meeting on February 10, 2026.

Quarterly Performance (Q3 FY26 vs Q3 FY25):
Total income for the quarter ended December 31, 2025, was ₹1250.29 Cr, marking a significant YoY increase from ₹966.81 Cr in the same quarter of the previous year. Profit After Tax (PAT) also saw a substantial jump to ₹895.31 Cr from ₹164.04 Cr YoY, reflecting approximately 445% growth. Basic Earnings Per Share (EPS) grew to ₹0.02 from ₹0.01 YoY.

Quarterly Performance (Q3 FY26 vs Q2 FY26):
On a quarter-on-quarter basis, total income declined to ₹1250.29 Cr in Q3 FY26 from ₹1776.95 Cr in Q2 FY26. However, PAT experienced a significant QoQ jump, rising to ₹895.31 Cr from ₹14.55 Cr. Basic EPS also increased to ₹0.02 from ₹0.005 QoQ.

Nine Months Performance (9M FY26 vs 9M FY25):
For the nine-month period ended December 31, 2025, total income was ₹1776.95 Cr, a decrease from ₹2869.53 Cr in the corresponding period last year. PAT for 9M FY26 stood at ₹485.26 Cr, showing a slight YoY decline from ₹507.07 Cr. Basic EPS for the nine-month period was ₹0.005, down from ₹0.01 YoY.

Profitability and Margins:
The PAT margin for Q3 FY26 was approximately 71.6%, a notable improvement from 16.97% in Q3 FY25 and 0.81% in Q2 FY26. This indicates a significant enhancement in profitability efficiency during the quarter compared to the prior periods.

Financial Deep Dive:

• Income Statement Drivers: The company derives income from Interest, Dividend, Lease, Fees & Commission, Net gain on fair value changes, and Impairment reversal. Expenses include Finance Costs, Employee Benefits, Depreciation, etc.
• Balance Sheet: Total segment assets grew substantially from ₹17,786.61 Cr in FY25 to ₹34,377.23 Cr in 9M FY26 (93.3% growth). Capital employed also increased significantly over the same period.
• Cash Flow: No cash flow statement details were provided in this excerpt.
• Key Ratios: ROE/ROCE, Debt-to-equity, and Interest Cover ratios were not explicitly calculable from the provided data.

Key Events and Outlook:
A key operational highlight is the unfreezing of a company bank account on January 2, 2026. This account had been frozen since February 2021 due to its linkage with its fintech partner, Yomoyo Blossom Technology Private Limited. The company received a No Objection Certificate from the Cyber Cell, Hyderabad, to unfreeze it. No forward-looking guidance or management outlook was provided in this announcement.

Segmental Information:
The company operates in two reportable segments: Financing and Leasing. The Financing segment's assets saw substantial growth, while Leasing segment assets decreased.

ANUPAM FINSERV LIMITED has submitted a regulatory filing to the BSE Limited, presenting the Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. This certificate pertains to the month ended January 31, 2026.

The company's Registrar and Share Transfer Agent (RTA), Purva Sharegistry (India) Private Limited, issued the confirmation. As per the SEBI regulations, the RTA is responsible for processing dematerialization requests received from depository participants. The certificate confirms that during the month of January 2026, no securities were received from depository participants for dematerialization. Consequently, there were no confirmations (acceptance/rejection) to the depositories regarding new dematerialization requests, nor were any security certificates mutilated and cancelled, or the depositories substituted as registered owners. The details provided by the RTA for the period 01/01/2026 to 31/01/2026 indicate 'NIL' activity in terms of Folio, Certificate Number, and Shares processed for dematerialization.

Anupam Finserv Limited has issued a formal notice regarding an upcoming Board of Directors meeting. The meeting is scheduled to take place on Tuesday, February 10, 2026. As per the notification filed with BSE Limited, the principal agenda item for this board session will be the consideration and approval of the company's standalone un-audited financial results for the quarter that concluded on December 31, 2025. This announcement, made on February 4, 2026, from their Mumbai headquarters, adheres to the disclosure requirements mandated by the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided its CIN, registered address, contact details, and website for reference. The disclosure indicates that the company is gearing up to present its financial performance for the third quarter of the fiscal year 2026. Investors and market participants will await the release of these results to gauge the company's operational efficiency, profitability trends, and overall financial health during the period. No specific financial figures or forward-looking guidance were part of this announcement; it solely pertains to the scheduling of the board meeting for results approval.

Anupam Finserv Limited has announced the results of its postal ballot and remote e-voting process, which concluded on January 7, 2026. Shareholders have approved all four resolutions presented, including the 'Anupam Finserv Employee Stock Option Plan 2025' for employees, its extension to holding, subsidiary, and associate companies, and the grant of stock options to employees exceeding 1% of issued equity share capital in a financial year. Additionally, shareholders approved material related party transactions.

The resolutions were passed with overwhelming majorities. For Resolution 1 (Approval of ESOP Plan 2025), 99.9957% of the total votes polled were in favour. Similarly, Resolution 2 (Extension of ESOP Plan), Resolution 3 (Grant of options >1%), and Resolution 4 (Material Related Party Transactions) also received substantial approval rates, with 99.9906%, 99.9906%, and 99.9959% of votes in favour, respectively. The promoter and promoter group held 98,200,000 shares, casting all votes in favour for the respective resolutions.

The company, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, submitted the voting results and the Scrutinizer's Report. The postal ballot notice was sent on December 5, 2025, to members as of the cut-off date of November 28, 2025. The e-voting commenced on December 8, 2025. The appointment of Siddharth Gala as Managing Director, which was previously approved by the board, is also implicitly supported by these shareholder actions concerning company strategy and governance.

Anupam Finserv Limited has submitted its mandatory SEBI compliance certificate for the quarter and month ended December 31, 2025. The company's Registrar and Share Transfer Agent, Purva Sharegistry (India) Private Limited, confirmed that no securities were received for dematerialization during this period. This filing is a routine regulatory requirement confirming adherence to SEBI (Depositories and Participants) Regulations, 2018, and indicates no significant changes in shareholding structure via dematerialization during the specified period.

The company's recent financial performance, as disclosed in its Q2 and H1 FY26 results, demonstrated robust growth. For Q2 FY26, Anupam Finserv reported a Profit After Tax (PAT) of ₹8.95 Cr, a significant 774% year-on-year increase, alongside an 81% rise in revenue to ₹17.77 Cr. The first half of FY26 (H1 FY26) saw PAT grow by 215% to ₹12.38 Cr, with revenue up 54% to ₹29.24 Cr. This financial uplift is supported by corporate actions such as the approval of issuing Secured, Unlisted, Unrated, Redeemable Non-Convertible Debentures (NCDs) up to ₹10 Crores to bolster its capital base. Furthermore, the company has advanced strategic initiatives including the approval of the 'Anupam Finserv Employee Stock Option Plan 2025' (ESOP 2025), aimed at talent retention, and the appointment of Mr. Vishwajeet Katkar as Chief Business Officer to drive business expansion. Despite these positive developments, a recurring risk concerning a frozen bank account associated with its fintech partner persists. Management changes were also noted, with Mr. Siddharth Gala appointed as Managing Director.

Anupam Finserv Limited announced on December 30, 2025, the completion of an allotment of 392 Secured, Unlisted, Unrated, Redeemable Non-Convertible Debentures (NCDs) amounting to ₹3.92 Crore through a private placement. This action follows a prior board resolution on December 26, 2025, to raise funds via such instruments.

While the current announcement pertains to fundraising, previous financial results indicate a mixed performance. For Q2 FY26, the company reported a substantial year-on-year increase in Profit After Tax (PAT) by 774% to ₹8.95 Cr, on revenue growth of 81% YoY to ₹17.77 Cr. The first half of FY26 saw PAT grow 215% YoY to ₹12.38 Cr with revenue up 54% YoY to ₹29.24 Cr. However, the Annual Report for FY25 had shown a decline in net profit by 45.9% to ₹5.07 Cr despite a 16.9% revenue increase.

No specific management guidance was provided with this announcement. However, prior disclosures mentioned management optimism for growth in segments like green asset financing and supply chain finance. The company also approved the 'Anupam Finserv Employee Stock Option Plan 2025' and appointed Mr. Vishwajeet Katkar as Chief Business Officer earlier.

Financially, the company's balance sheet indicates a focus on managing debt. Recent reports suggested a move to a net cash position due to reduced borrowings and increased cash reserves, although this NCD issuance will increase borrowings. For FY25, total liabilities stood at ₹31.96 Cr with borrowings at ₹3.25 Cr. The Return on Equity (ROE) for FY25 was reported at 6.61%.

The primary event is the NCD allotment, aimed at supporting operations. Earlier, the Board had also approved the appointment of Mr. Siddharth Gala as Managing Director. The ongoing fundraising via NCDs suggests a strategic focus on maintaining adequate liquidity to fund its lending operations within the NBFC sector. Despite the current financing activity, persistent risks from previous disclosures include a frozen bank account and past asset quality concerns.

Anupam Finserv Limited has provided an update regarding its proposed issuance of Secured, Unlisted, Unrated, Redeemable Non-Convertible Debentures (NCDs) via private placement. Following a Board Meeting on December 26, 2025, the company revised its earlier outcome to clarify the terms. The total issue size remains up to ₹10 Crores. However, the first tranche will be for ₹3 Crores, with an additional greenshoe option of up to ₹3 Crores. These NCDs will carry a fixed coupon rate of 12% per annum, payable quarterly, with a tenure of 24 months from the date of allotment. The issuance is intended to fund the company's growth initiatives.

This funding announcement follows robust financial performance reported for the second quarter (Q2) and the first half (H1) of the financial year 2025-26. For Q2 FY26, Anupam Finserv reported a substantial year-on-year PAT growth of 774%, reaching ₹8.95 Crores, accompanied by an 81% YoY increase in revenue to ₹17.77 Crores. The first half of FY26 (H1 FY26) saw PAT climb 215% YoY to ₹12.38 Crores, with revenue up 54% YoY to ₹29.24 Crores. The company has also successfully reduced its net debt to a net cash position, supported by lower borrowings and increased cash reserves. Promoter holding has seen an increase, potentially through recent rights issues.

Key strategic initiatives approved by the board include the 'Anupam Finserv Employee Stock Option Plan 2025' (ESOP 2025), aimed at talent retention and incentivization, which is currently undergoing shareholder approval via postal ballot. Mr. Siddharth Gala was appointed as Managing Director and CEO in August 2025. Mr. Vishwajeet Katkar was appointed as Chief Business Officer in November 2025 to drive expansion.

Despite the positive financial results and growth-oriented measures, certain risks persist. The company continues to monitor a frozen bank account of ₹2.82 Crores linked to a fintech partner, for which legal action is being evaluated. Past concerns over asset quality and an exceptional write-off of ₹153 crore related to its housing finance business in Q1 FY26 also remain factors to consider. Annual results for FY25 showed a profit decline of 45.9% YoY, contrasting with recent quarterly upticks.

Anupam Finserv Limited's Board of Directors, in a meeting held on December 26, 2025, approved the issuance of Secured, Unlisted, Unrated, Redeemable, Fully Paid Non-Convertible Debentures (NCDs) up to ₹10 Crores. The issuance will be conducted on a private placement basis, with the first tranche amounting to ₹3 Crores. These NCDs will carry a fixed coupon of 12% per annum, payable quarterly, and have a tenure of 24 months from the date of allotment. The redemption schedule involves 30% repayment at 13 months, 30% at 19 months, and the remaining 40% at maturity. The NCDs will be secured by a first and exclusive charge over the company's receivables.

This decision comes in the context of the company's recent financial performance and strategic initiatives. For the quarter ended September 30, 2025 (Q2 FY26), Anupam Finserv reported Sales of ₹1.78 Cr, with a Profit After Tax (PAT) of ₹0.90 Cr, marking a significant year-on-year PAT growth of 592.31% and YoY sales growth of 81.63%. Previous announcements indicated even higher PAT figures for earlier quarters in FY26. Furthermore, promoter shareholding saw a substantial increase, reaching 51.63% by March 2025. Key management changes have also taken place, with Mr. Siddharth Gala appointed as the new Managing Director. However, the company continues to face risks, including a frozen bank account related to a fintech partner, for which legal action is being evaluated.

Anupam Finserv Limited has scheduled a Board of Directors meeting for December 26, 2025, to consider a proposal for fund raising, along with other business matters. This announcement comes alongside the company's recently declared financial results for the second quarter (Q2) and first half (H1) of FY26.

Quarterly/Annual Results

For Q2 FY26, Anupam Finserv reported a significant year-on-year increase in Profit After Tax (PAT) by 774% to ₹8.95 Cr, accompanied by an 81% YoY rise in revenue to ₹17.77 Cr. For H1 FY26, PAT grew by 215% YoY to ₹12.38 Cr, with revenue up by 54% YoY to ₹29.24 Cr. Earlier in FY26, Q1 results were heavily influenced by exceptional gains, leading to a substantial PAT surge. The annual report for FY25 indicated a mixed performance, with revenue growth but a significant drop in net profit (45.9%) due to increased expenses and a loss on the sale of PPE.

Guidance & Concall Commentary

No specific forward-looking guidance or commentary from management was disclosed in the provided news. The upcoming board meeting is to consider fund raising, not a confirmed plan.

Financials

• Income Statement Drivers: Recent quarterly results show strong PAT growth driven by revenue increase, with no specific mention of exceptional items impacting the latest quarters.
• Balance Sheet: As of September 2025, the company's balance sheet shows Equity Capital at ₹18.98 Cr and Reserves at ₹10.72 Cr. Borrowings have significantly reduced to ₹0.04 Cr, indicating a near-debt-free position. 'Loans & Advances' increased substantially to ₹26.31 Cr in Sep 2025 from ₹-0.10 Cr in Mar 2025, suggesting business expansion.
• Cash Flow: In FY25, operating cash flow was negative (-₹12.47 Cr), primarily due to a large increase in loans and advances. Financing activities showed a positive inflow of ₹13.26 Cr, largely from equity issuance (₹12.38 Cr).
• Key Ratios: ROE for FY25 was 6.61%. Debt-to-equity ratio remains very low, close to zero.

Key Events

• Management Changes: Mr. Siddharth Gala was appointed as the new Managing Director and Chief Executive Officer for a five-year term, effective August 7, 2025, following the resignation of Mrs. Nirmala Gala from the MD position.
• ESOP Plan: The Board approved the 'Anupam Finserv Employee Stock Option Plan 2025' (ESOP 2025), which may involve up to 2 crore shares. Shareholder approval is being sought via a postal ballot process from December 8, 2025, to January 7, 2026.
• Other Appointments: Mr. Vishwajeet Katkar was appointed as Chief Business Officer on November 12, 2025.
• Shareholder Actions: A significant increase in promoter holding to over 51% was observed by Mar 2025 and Sep 2025, likely due to a rights issue.
• Regulatory Filings: The company has complied with SEBI regulations regarding share dematerialization, confirming nil activity for several months.
• Risk Disclosure: A frozen bank account of ₹2.82 Cr, related to a fintech partner, remains a noted risk factor, with legal action being evaluated.

Outlook

The company's outlook appears to be focused on growth, supported by strategic initiatives like the ESOP plan and the potential for fund raising. The appointment of a Chief Business Officer also signals an intent to drive business expansion. However, persistent risks related to the frozen bank account and historical asset quality concerns need to be monitored.

Anupam Finserv Limited has announced the closure of its trading window from December 19, 2025, until 48 hours after the financial results for the quarter ending December 31, 2025, become publicly available. This is a routine corporate governance measure ahead of financial result disclosures.

Quarterly/Annual Results:
News reports indicate a significant surge in performance for recent periods. For Q2 FY26, the company reported a Profit After Tax (PAT) of ₹8.95 Cr, a substantial 774% year-on-year increase, with revenue rising 81% YoY to ₹17.77 Cr. For the first half of FY26 (H1 FY26), PAT grew 215% YoY to ₹12.38 Cr on a revenue increase of 54% YoY to ₹29.24 Cr. The company's own reported quarterly data for the quarter ended September 2025 shows PAT of ₹0.90 Cr (a 592% YoY increase) on sales of ₹1.78 Cr. In contrast, the annual report for FY25 indicated a mixed performance, with revenue up 16.9% to ₹37.47 Cr but net profit declining by 45.9% to ₹5.07 Cr, accompanied by an EPS fall to ₹0.04. Earlier snippets for Q1 FY25/FY26 had mentioned an exceptionally high PAT of ₹34.26 Cr, significantly influenced by the reversal of impairment on financial instruments and gains on fair value changes.

Guidance & Concall Commentary:
No specific forward-looking management guidance or outlook was explicitly disclosed in the provided recent announcements.

Financials:
The company's balance sheet as of September 2025 indicates a substantial reduction in borrowings to ₹0.04 Cr, moving towards a net cash position, supported by increased reserves. The cash flow statement for March 2025 showed proceeds from share issuance contributing to financing activities and a reduction in net debt. Financial ratios show modest ROE (3.68%) and ROCE (6.61%), with the company being nearly debt-free (Debt-to-Equity ratio of 0.00).

Key Events:
Significant corporate actions include the appointment of Mr. Siddharth Gala as Managing Director and Chief Executive Officer for a five-year term. The company also approved the 'Anupam Finserv Employee Stock Option Plan 2025' (ESOP 2025), pending shareholder approval, and appointed Mr. Vishwajeet Katkar as Chief Business Officer. A substantial increase in promoter holding from approximately 29% to over 51.6% by March 2025 was noted, attributed to a rights issue. Recent insider buying by Mr. Siddharth Gala was also observed in September 2025.

Outlook:
Management expressed optimism about future growth in segments like green asset financing and supply chain finance. However, past concerns regarding asset quality and increased NPAs were noted in the FY25 annual report. A persistent risk factor remains a frozen bank account, reportedly linked to a fintech partner, for which legal action is being evaluated.

Anupam Finserv Ltd. has initiated a postal ballot and e-voting process, running from December 8, 2025, to January 7, 2026. Shareholders are being asked to approve the 'Anupam Finserv Employee Stock Option Plan 2025' (ESOP 2025), which could involve up to 2 crore shares, aimed at talent attraction and retention. Additionally, approval is sought for material related party transactions up to ₹15 Crores. This follows recent financial results showing significant year-on-year PAT increases for Q2 and H1 FY26 and the appointment of Mr. Vishwajeet Katkar as Chief Business Officer.

Anupam Finserv Limited has announced a postal ballot process, including remote e-voting from December 8, 2025, to January 7, 2026, for seeking member approval on several key corporate matters.

The primary resolutions include the approval of the 'Anupam Finserv Employee Stock Option Plan 2025' (ESOP 2025) for employees of the company and its subsidiaries. This plan allows for the grant of employee stock options convertible into up to 2,00,00,000 equity shares, representing approximately 10.54% of the company's current paid-up equity share capital. The objectives are to create a variable pay structure, incentivize employees, and retain critical human resources. A specific grant of up to 80,00,000 options at an exercise price of ₹1.90 per share has been proposed for Mr. Vishwajeet Katkar, who has also been appointed as the Chief Business Officer.

Additionally, shareholders will vote on approving material related party transactions with Dream Road Technologies Private Limited, not exceeding ₹15 Crores, to be conducted on an arm's length basis. The company's Board of Directors had previously approved these proposals on November 12, 2025, alongside the standalone un-audited financial results for the second quarter (Q2) and the first half (H1) of the financial year ending September 30, 2025.

The reported Q2 FY26 financial results indicate a substantial year-on-year increase in Profit After Tax (PAT) by 774% to ₹8.95 Cr, with revenue growing by 81% to ₹17.77 Cr. For H1 FY26, PAT grew by 215% to ₹12.38 Cr, and revenue increased by 54% to ₹29.24 Cr. The company's business activities primarily fall within the NBFC sector, focusing on financing and leasing.

Anupam Finserv Limited has published its financial results for the quarter and half-year ended September 30, 2025, in the Active Times and Mumbai Lakshadweep Daily newspapers on November 14, 2025, in compliance with SEBI regulations.

Anupam Finserv reported strong financial results for the half-year ended September 30, 2025 (H1 FY26). Total Revenue from Operations increased by 53.67% YoY to ₹29,237.76 thousand (₹29.24 Cr), compared to ₹19,027.11 thousand (₹19.03 Cr) in H1 FY25. Profit Before Tax (PBT) saw a substantial surge of 180.45% YoY, reaching ₹16,507.35 thousand (₹16.51 Cr) from ₹5,886.62 thousand (₹5.89 Cr) in the prior year. Consequently, Profit After Tax (PAT) escalated by 214.80% YoY to ₹12,378.96 thousand (₹12.38 Cr), up from ₹3,932.30 thousand (₹3.93 Cr) in H1 FY25. This growth reflects an expansion in PBT margin from 30.94% in H1 FY25 to 56.46% in H1 FY26, and PAT margin from 20.67% to 42.34%. Basic Earnings Per Share (EPS) rose to ₹0.07 from ₹0.03 YoY.

For the second quarter ended September 30, 2025 (Q2 FY26), revenue was ₹17,769.46 thousand. This represents a 52.82% increase QoQ from Q1 FY26's revenue of ₹11,627.23 thousand. PBT for Q2 FY26 stood at ₹11,936.93 thousand, with PAT at ₹8,953.06 thousand and basic EPS at ₹0.05.

The company's financial position improved significantly, moving from a net debt of ₹37,391.56k as of September 30, 2024, to a net cash position of ₹3,270.91k as of September 30, 2025. This was achieved through a substantial reduction in borrowings (from ₹37,460.13k to ₹0k) and an increase in cash and cash equivalents. Net cash from operating activities turned positive to ₹3,204.63k in H1 FY26, a marked improvement from ₹(13,235.99k) in H1 FY25. Capital expenditure for H1 FY26 was ₹84.32k.

The Board of Directors approved the Anupam Finserv Employee Stock Option Plan 2025, subject to shareholder approval, and the grant of sweat equity shares. Mr. Vishwajeet Katkar was appointed as the new Chief Business Officer to drive expansion. A recurring risk related to a frozen bank account linked to a fintech partner was noted.

• On November 12, 2025, Anupam Finserv Limited's Board of Directors convened and approved the un-audited financial results for Q2 and H1 FY26. The company reported a substantial 774% year-on-year rise in Q2 PAT to ₹8.95 Cr, with revenue up 81% to ₹17.77 Cr. For H1 FY26, PAT grew 215% to ₹12.38 Cr, and revenue increased by 54% to ₹29.24 Cr.
• Beyond financial results, the board approved the appointment of Mr. Vishwajeet Katkar as Chief Business Officer, a new role created to spearhead expansion and development. Mr. Katkar's profile includes experience as a fintech startup founder and in venture capital.
• The 'Anupam Finserv Employee Stock Option Plan 2025' (ESOP 2025) received board approval, subject to shareholder ratification via Postal Ballot. This plan aims to reward employees, attract and retain key talent, and align their interests with corporate growth. It allows for potential grant of up to 20 million equity shares with specified vesting and exercise conditions.
• The board also considered material related party transactions. A recurring risk concerning a frozen bank account linked to a fintech partner persists.

Anupam Finserv Limited announced its Board Meeting outcome held on November 12, 2025, where unaudited financial results for the quarter and half-year ended September 30, 2025, were approved.

Quarterly & Half-Yearly Performance: The company demonstrated strong year-on-year growth. For Q2 FY26, revenue increased by 81.24% YoY to ₹17.77 Cr, and Profit After Tax (PAT) surged by 773.74% YoY to ₹8.95 Cr. This PAT growth was significantly boosted by a substantial ₹50.98 Cr reversal of impairment on financial instruments in Q2 FY26. Quarter-on-quarter, revenue grew by 52.82% and PAT by 161.57%. For H1 FY26, revenue grew 53.67% YoY to ₹29.24 Cr, and PAT increased by 214.80% YoY to ₹12.38 Cr. Basic EPS for Q2 FY26 stood at ₹0.05, up from ₹0.01 YoY. These results follow a period of performance volatility influenced by exceptional items like impairment reversals and significant write-offs.

Financials: As of September 30, 2025, the company held total assets of ₹299,704.74 thousand, with significant portions in loans (₹263,145.27 thousand) and cash/bank balances (₹6,107.46 thousand). Equity stood at ₹296,922.63 thousand, indicating a strong equity base. The company reported a net cash position. Operating cash flow for H1 FY26 was ₹3,204.63 thousand, with CapEx of ₹10,294.57 thousand, resulting in negative Free Cash Flow for the period.

Outlook & Corporate Actions: No specific management guidance was provided in this announcement. However, the Board approved the 'Anupam Finserv Employee Stock Option Plan 2025' (ESOP 2025), subject to shareholder approval, aimed at incentivizing employees. Mr. Vishwajeet Katkar was appointed as the new Chief Business Officer. Approval was also given for material related party transactions.

The company operates across two reportable segments: Financing and Leasing. The financing segment contributed significantly to revenue and profit in Q2 FY26.

Key Risks: A persistent risk is the frozen bank account containing ₹2.82 Cr, linked to a fintech partner, though the company has not received formal communication.

Anupam Finserv Ltd. has issued a formal notice regarding a Board Meeting scheduled for Wednesday, November 12, 2025. The meeting will convene to address several key business items. The primary financial agenda item is the consideration and approval of the company's standalone un-audited financial results for the second quarter and the half-year ended September 30, 2025. Specific figures for revenue, profit, margins, or EPS are not yet available as this is a notification of the upcoming meeting. Following the financial results, the board will discuss and potentially approve the Anupam Finserv Employee Stock Option Plan 2025, a move often aimed at incentivizing and retaining key personnel. Additionally, approval for granting sweat equity shares is on the agenda, another mechanism for rewarding employees or strategic partners. Finally, the board will review material related party transactions, ensuring transparency and compliance in significant dealings with associated entities. This notice is issued pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Anupam Finserv Limited has submitted a compliance certificate to the BSE Limited, concerning securities dematerialization for the month ending October 31, 2025. This filing adheres to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.

The certificate, dated November 6, 2025, was issued by Anupam Finserv and references a confirmation from its Registrar and Share Transfer Agent, Purva Sharegistry (India) Private Limited.

Purva Sharegistry, in its confirmation dated November 5, 2025, stated that all security certificates received from depository participants for dematerialization during October 2025 were duly processed and confirmed to the depositories, and that these securities are listed on the relevant stock exchanges. The registrar further confirmed that the physical certificates were mutilated and cancelled after verification, and the depositories' names were substituted in the company's register of members within the required timelines.

Significantly, the detailed statement provided by Anupam Finserv Limited for the period October 1, 2025, to October 31, 2025, shows 'NIL' for all fields, including 'Shares Dematerialised'. This indicates that no shares were processed for dematerialization or rematerialization by Anupam Finserv Limited during October 2025. This filing is a routine operational and regulatory compliance report and does not contain any financial results, company outlook, or significant business updates.

Anupam Finserv Limited has officially filed its compliance document, the Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. This report covers the period of the month and quarter ending September 30, 2025.
The certification is provided by the company's appointed Registrar and Share Transfer Agent, Purva Sharegistry (India) Private Limited. The key confirmation from the registrar, as detailed on pages 3 and 5 of the submission, is that there were 'NIL' share certificates dematerialized or rematerialized during the entire quarter (July 1, 2025, to September 30, 2025) and also for the month of September 2025.
This implies that no physical share certificates were converted into dematerialized (electronic) form, nor were any dematerialized shares converted back into physical form during the specified period. The registrar's confirmation also states that security certificates received were not confirmed, accepted, or rejected for dematerialization, and thus were not mutilated, cancelled, or had the depositories substituted as registered owners.
This is a routine regulatory compliance procedure that listed companies must follow to ensure transparency and proper functioning of the securities market's dematerialization process. It does not reflect any operational or financial performance of the company but rather confirms the status of its share transfer mechanism from a dematerialization perspective.

Anupam Finserv Limited has issued a formal announcement regarding the closure of its trading window. The company stated that this period will commence from October 1, 2025, and will extend for 48 hours following the general availability of the company's financial results for the quarter and half-year ending September 30, 2025. This is a standard corporate practice aimed at preventing insider trading and ensuring a level playing field for all investors around the time of financial disclosures. The announcement was made on September 29, 2025, and was submitted to BSE Limited.

Anupam Finserv Limited held its 34th Annual General Meeting (AGM) on Wednesday, September 3, 2025, conducted via video conferencing. The company submitted disclosures regarding the voting results of remote e-voting and e-voting at the meeting, as per SEBI regulations. Five resolutions were presented to the shareholders:

1. Adoption of the Audited Standalone Financial Statements for the Financial Year ended March 31, 2025, along with the Directors' and Auditors' Reports.
2. Reappointment of Mr. Siddharth Gala as an Executive Director, who retires by rotation.
3. Appointment of Secretarial Auditors.
4. Appointment of Managing Director (a special resolution).
5. Approval of Material Related Party Transactions.

The voting results, compiled by the appointed Scrutinizer, Kushla Rawat & Associates, indicated that all five resolutions were passed with the requisite majority. Promoters cast 97,985 votes (100% in favour) on various resolutions, while public shareholders cast a total of 25,030 votes on different items, with a significant majority in favour. For instance, for the adoption of financial statements, 99.9996% of valid votes were in favour. Similarly, the reappointment of the director, appointment of secretarial auditors, appointment of the Managing Director, and approval of related party transactions also saw very high percentages of votes cast in favour.

Anupam Finserv Limited has filed a regulatory compliance certificate with the BSE Limited, pertaining to the month of August 2025. The filing, made under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, serves as confirmation of the company's securities dematerialization and rematerialization activities. The certificate was issued by Purva Sharegistry (India) Private Limited, the company's Registrar and Share Transfer Agent. As per the provided details, there were no instances of securities dematerialized or rematerialized during the month of August 2025. This means no physical share certificates were received from depositories for conversion into dematerialized form, nor were any dematerialized shares converted back to physical form during this period. The registrar has confirmed that the security certificates received for dematerialization were either confirmed or rejected, and those that were confirmed have been processed, with names substituted in the register of members. However, the specific data for Anupam Finserv during August 2025 indicated 'NIL' across all relevant fields for share certificate dematerialization. This filing is a routine procedural update and does not reflect any operational or financial performance changes.

Anupam Finserv Limited disclosed key corporate governance changes following its 34th Annual General Meeting (AGM) held on September 3, 2025. The meeting, which commenced at 12:15 PM and concluded at 12:35 PM, saw approvals for significant appointments in management and audit.

Mr. Siddharth Gala (DIN: 08128110) has been appointed as the new Managing Director (MD) and Chief Executive Officer (CEO) of the company, effective from August 7, 2025, for a term of five years. He previously held the designation of Executive Director and CEO and will now also be recognized as Key Managerial Personnel. Mr. Gala holds a Bachelor’s Degree in Computer Engineering and a Master’s in Financial Engineering, with over five years of experience in Data Analytics, Risk Management, and strategic planning. His remuneration is set at Rs. 24 Lacs per annum as CEO, with no additional remuneration for the MD role. It was also disclosed that he is the son of Mr. Pravin Gala (Whole Time Director and CFO) and Mrs. Nirmala Gala (Executive Director).

M/s Kushla Rawat & Associates, a firm of Company Secretaries in Whole Time Practice, has been appointed as the Secretarial Auditors of the company. This appointment is for a period of five consecutive financial years, commencing from the Financial Year 2025-2026 until the Financial Year 2029-2030. CS Kushla Rawat, the principal associate, possesses over 12 years of experience in various corporate law compliances, including listing agreements, rights issues, secretarial audits, and filings with SEBI, RBI, and stock exchanges.

The disclosed information focuses exclusively on these governance-related appointments and does not include any financial performance figures, quarterly or annual results, management guidance, outlook commentary, balance sheet details, cash flow analysis, key ratios, or any specific orders, penalties, expansions, product launches, or dividend/buyback announcements.

Anupam Finserv Limited convened its 34th Annual General Meeting (AGM) on Wednesday, September 3, 2025, starting at 12:15 pm and concluding at 12:35 pm. The meeting was conducted via Video Conferencing (VC)/Other Audio Visual Means (OAVM) in compliance with MCA and SEBI circulars. Key business transacted included ordinary and special business items. Under Ordinary Business, shareholders adopted the Audited Financial Statements for the financial year ended March 31, 2025, along with the Reports of Directors and Auditors thereon. The re-appointment of Mr. Siddharth Gala, who retired by rotation and offered himself for re-appointment, was also approved. Under Special Business, shareholders passed an Ordinary Resolution for the appointment of M/s Kushla Rawat & Associates, Company Secretaries in Whole Time Practice, as the Secretarial Auditors for a term of five consecutive years from the Financial Year 2025-2026 until Financial Year 2029-2030. Furthermore, a Special Resolution was passed for the appointment of Siddharth Gala (DIN: 08128110) as the Managing Director of the Company for a term of five consecutive years, effective from August 7, 2025. An Ordinary Resolution was also passed approving Material Related Party Transactions. The company had provided members with the facility for e-voting, which commenced on August 31, 2025, and concluded on September 3, 2025. The Chairman informed members that the results of the e-voting would be declared after the receipt of the Scrutinizer’s Report and would be uploaded on the company's website and the stock exchange websites. The meeting concluded with a vote of thanks.

Anupam Finserv Limited has released its Annual Report for the financial year ended March 31, 2025. The company reported a Total Income of ₹37,473.33 thousand, a 16.90% increase year-on-year from ₹32,054.06 thousand in FY24. However, Total Expenses grew significantly by 56.61% to ₹30,689.60 thousand from ₹19,596.15 thousand, leading to a sharp decline in profitability. Gross Profit decreased by 45.94% to ₹6,783.73 thousand. Profit Before Interest, Depreciation & Taxation (EBITDA proxy) fell 32.34% to ₹13,786.64 thousand, resulting in a compressed EBITDA margin of 36.79% compared to 63.56% in the previous year. Net Profit After Tax (PAT) saw a substantial drop of 45.91% to ₹5,070.72 thousand from ₹9,373.02 thousand. Consequently, Earnings Per Share (EPS) declined by 50% to ₹0.04. The company underwent a rights issue, significantly increasing its equity share capital and promoter holding. Management expressed optimism for future growth, focusing on segments like green asset financing and supply chain finance, while also expanding its leasing operations. Risks highlighted include interest rate volatility, loan book quality, and competition. The company's balance sheet shows a significant increase in loans to ₹285,412.89 thousand, with a slight increase in borrowings and cash. However, there was an increase in gross NPAs to 2.53% of total loans, particularly for non-related party loans.

Anupam Finserv Limited has officially issued a notice for its 34th Annual General Meeting (AGM), scheduled to take place on Wednesday, September 3, 2025, at 12:15 PM IST. The meeting will be conducted entirely through Video Conferencing (VC) or Other Audio Visual Means (OAVM), adhering to recent regulatory guidelines. The primary resolutions to be presented to shareholders include the formal adoption of the Audited Standalone Financial Statements for the Financial Year ended March 31, 2025, along with the accompanying reports from the Board of Directors and the Auditors. A significant corporate governance decision will be the re-appointment of Mr. Siddharth Gala, who retires by rotation as a Director. Following this, shareholders will vote on his appointment as the Managing Director of the company for a term of five years, effective from August 7, 2025. Mr. Gala, who holds a Masters in Financial Engineering and possesses over five years of experience in data analytics and strategy management, is proposed to receive a remuneration of ₹200,000 per month. The agenda also includes the appointment of M/s Kushla Rawat & Associates as the Secretarial Auditors for a period of five consecutive financial years (2025-26 through 2029-30). Furthermore, the company seeks shareholder approval for material related party transactions (RPTs), specifically allowing transactions up to ₹5 Crore per entity with related parties such as Nipra Trading Private Limited, GM Mercantile Private Limited, Anupam Wealth Private Limited, and Anupam Stationery Limited. These transactions, including loans and borrowings, are to be conducted at an arm's length basis. The notice details extensive procedures for shareholders to participate in remote e-voting and join the virtual meeting, with the record date for determining voting rights fixed as August 27, 2025. It is also noted that Mrs. Nirmala Gala has resigned as Managing Director, effective August 7, 2025.

Anupam Finserv Limited has announced its financial results for the quarter ended June 30, 2025. The company reported a year-on-year decline in revenue from operations, which stood at Rs. 1072.39 crore for Q1 FY26, compared to Rs. 1758.90 crore in Q1 FY25. However, quarter-on-quarter, revenue saw a substantial increase from Rs. 410.84 crore in Q4 FY25. Profitability metrics showed a mixed picture. Profit Before Tax (PBT) for Q1 FY26 was Rs. 265.47 crore, a decrease from Rs. 291.20 crore in the prior year's comparable quarter. Despite the YoY decline, PBT improved significantly from a loss of Rs. 557.40 crore in the previous quarter (Q4 FY25). Earnings Per Share (EPS) remained flat year-on-year at Rs. 0.02, but improved from a loss of Rs. -0.04 in Q4 FY25. A key factor influencing the results was an exceptional item: a write-off of Rs. 153 crore related to the company's housing finance business. The company's sole operational segment is housing finance. No specific management guidance or outlook was provided in the disclosed information. Other notices in the document, such as those from Axis Bank regarding property auctions and various public notices concerning property and deceased individuals, are not directly related to Anupam Finserv's financial performance or operations.

Anupam Finserv Limited announced significant changes to its top management structure following a Board of Directors meeting held on August 7, 2025. The Board has approved the resignation of Mrs. Nirmala Gala from the position of Managing Director, effective from the close of business hours on August 7, 2025. Mrs. Gala will continue to serve the company in her capacity as an Executive Director. This decision was based on recommendations from the Nomination and Remuneration Committee, citing preoccupation and increased personal and professional commitments. In a related move, Mr. Siddharth Gala, who currently holds the designation of Executive Director and CEO, has been appointed as the new Managing Director and Chief Executive Officer. This appointment is for a term of five years, commencing from August 7, 2025, and is subject to the approval of the company's shareholders at the ensuing 34th Annual General Meeting. Mr. Siddharth Gala holds a Bachelor’s Degree in Computer Engineering and a Master’s in Financial Engineering, with over five years of experience in Data Analytics, Risk Management, and strategic planning. He is currently remunerated ₹24 Lacs per annum as CEO and will not receive additional remuneration for the Managing Director role. It was disclosed that Mr. Siddharth Gala is the son of Mr. Pravin Gala, Wholetime Director and CFO, and Mrs. Nirmala Gala, Executive Director. Mr. Siddharth Gala is not debarred from holding the office of Director by any regulatory authority. This announcement is in compliance with SEBI Listing Regulations.

Anupam Finserv Limited announced its un-audited financial results for the quarter ended June 30, 2025, along with significant management changes. The company reported a Profit After Tax (PAT) of ₹34.26 Cr (₹342,591 thousand) for Q1 FY26, marking a substantial 1602.89% increase year-on-year from ₹2.01 Cr (₹20,122 thousand) in Q1 FY25. Profit Before Tax (PBT) also saw strong growth, up 71.09% YoY to ₹45.70 Cr (₹457,042 thousand) from ₹26.72 Cr (₹267,161 thousand). The reported Total Income for Q1 FY26 was ₹231.95 Cr (₹231,953 thousand), showing a significant 155.23% YoY increase from Q1 FY25's ₹90.90 Cr (₹90,899 thousand). Notably, the reported PBT for Q1 FY26 is higher than the reported Total Income, which may indicate specific accounting treatments or presentation nuances. Basic Earnings Per Share (EPS) remained flat at ₹0.02 YoY, suggesting a considerable increase in outstanding shares. QoQ, PAT surged by 393,510% from ₹0.0087 Cr to ₹34.26 Cr, with PBT growing 1466.83%. The company approved the resignation of Mrs. Nirmala Gala as Managing Director and appointed Mr. Siddharth Gala as the new Managing Director for a five-year term. A risk factor mentioned is a frozen bank account since February 2021, with a balance of ₹28.21 Lakhs, linked to a fintech partner, where the outcome of legal action is awaited. No forward-looking guidance or management concall commentary was provided in this announcement.

Anupam Finserv Limited announced its un-audited standalone financial results for Q1 FY25, significant management changes, and disclosed a legal matter involving a frozen bank account.

Quarterly Results: Revenue from Operations surged by 322.68% YoY to ₹21.74 Cr (Q1 FY25) from ₹5.14 Cr (Q1 FY24). Total Income grew by 319.06% YoY to ₹23.08 Cr. Profit Before Tax (PBT) saw a massive increase of 1466.81% YoY to ₹45.70 Cr, and Profit After Tax (PAT) jumped 3808.47% YoY to ₹34.26 Cr. The significant profit growth was primarily driven by a ₹38.28 Cr reversal of impairment on financial instruments and ₹9.11 Cr gain on fair value changes. However, the company also recorded a ₹21.17 Cr loss on the sale of assets. PBT margin stood at approximately 198% and PAT margin at 148% in Q1 FY25, reflecting the impact of these non-operational items. Basic Earnings Per Share (EPS) decreased YoY to ₹0.02 from ₹0.04.

Guidance & Concall: No management guidance or concall details were provided in this announcement.

Financials: The income statement was significantly influenced by non-operating income and reversals. Total Capital Employed grew by 82.58% YoY to ₹287.97 Cr. While share capital increased, cash flow data was not provided, and key financial ratios were not detailed except for the YoY decline in EPS.

Key Events: Mrs. Nirmala Gala resigned as Managing Director, and Mr. Siddharth Gala was appointed as MD for a 5-year term, marking a key management transition. A critical disclosure highlighted that a bank account containing ₹2.82 Cr has been frozen by the cybercell, Hyderabad, linked to its fintech partner, with the company evaluating legal action.

Outlook: No forward-looking statements or outlook were provided in the announcement.

Anupam Finserv Limited has submitted a compliance certificate to the BSE for the month ending July 31, 2025. This filing is mandated under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, provided by the company's Registrar and Share Transfer Agent, Purva Sharegistry (India) Private Limited, confirms the details of securities dematerialized or rematerialized during the specified period.

According to the registrar's confirmation, security certificates received from depository participants for dematerialization were processed (accepted/rejected) and confirmed to the depositories. The registrar also verified that the securities comprised in these certificates are listed on the stock exchanges. Furthermore, the dematerialized certificates were mutilated and cancelled after verification, with the depositories' names substituted as the registered owners in the company's register of members within the stipulated timelines.

Notably, the detailed breakdown provided for the month of July 2025 (from 01/07/2025 to 31/07/2025) indicates "NIL" shares were dematerialized during this period. This filing represents a routine regulatory submission and does not contain any financial performance indicators, management guidance, or significant operational updates.