Apex Capital FY26 Financials and Auditor Updates

Revenue rose to Rs 7.13 crore from Rs 2.78 crore, while PAT jumped to Rs 3.73 crore.

Reader Takeaway: Strong profit growth driven by expansion, though dividend remains nil to conserve cash for scaling.

What just happened

Apex Capital and Finance has released its financial results for the fiscal year ended March 31, 2026. The company reported a sharp increase in profitability, with profit after tax reaching Rs 3.73 crore compared to Rs 0.53 crore in the previous year. Additionally, the company successfully increased its paid-up share capital to Rs 13.52 crore from Rs 5.92 crore following the conversion of 76 lakh equity warrants issued at Rs 125 each.

Why this matters

The significant jump in net profit reflects operational scaling during the fiscal year. The capital infusion through warrant conversion strengthens the balance sheet, providing the firm with additional liquidity for future business cycles. The upcoming AGM, scheduled for September 28, 2026, will be a key event for shareholders to vote on critical transitions in corporate governance.

Auditor Updates

The board has proposed the appointment of M/s MANV & Associates as statutory auditors for a five-year term, succeeding M/s Mahesh Kumar & Company. Furthermore, M/s Dharamveer Dabodia & Associates has been recommended as the new secretarial auditor following the resignation of the incumbent in August 2026. Both appointments are subject to shareholder approval at the AGM.

Risks to watch

Investors should note that no dividend has been declared for FY 2025-26, as management is prioritizing capital conservation. The transition in audit leadership is a standard procedure but warrants monitoring for any shifts in oversight policy.

What to track next

Shareholders should participate in the September 28 AGM via video conferencing. The focus will be on the ratification of the new auditor appointments and management commentary regarding the utilization of the newly converted capital.