Hasti Finance 32nd AGM Details

Loss After Tax of Rs 6.26 crore in FY 2025-26; Gross Income of Rs 17.58 lakh.

Reader Takeaway: Management seeks MD re-appointment amid persistent losses and serious regulatory non-compliance observations.

What just happened

Hasti Finance Ltd has issued a notice for its 32nd Annual General Meeting scheduled for September 30, 2026, to be held via video conferencing. The primary agenda items include the formal re-appointment of Mr. Nitin Prabhudas Somani as Managing Director for a five-year term starting October 1, 2026. Shareholders may exercise e-voting rights from September 27 to September 29, 2026.

Why this matters

The filing highlights deep-seated operational and financial challenges. The company reported a net loss of Rs 6.26 crore for FY 2025-26, following a loss of Rs 8.46 crore in the previous year. Net worth has eroded significantly to Rs 5.63 crore from Rs 11.89 crore, while gross income fell sharply to Rs 17.58 lakh.

Risks to watch

Auditors have raised multiple red flags regarding governance and compliance, including:

• Failure to maintain a functional website and publish financial results as mandated by SEBI.
• Non-appointment of a mandatory Internal Auditor and delays in appointing a Company Secretary, leading to regulatory fines.
• Delays in annual listing fee payments and filing of capital audit reports.
• Incomplete maintenance of a structured digital database.

Context metrics

• Meeting Date: September 30, 2026
• Cut-off Date for Voting: September 23, 2026
• MD Term Proposed: October 1, 2026 – September 30, 2031

What to track next

Investors should look for updates at the AGM regarding a turnaround strategy and a concrete timeline for addressing the listed regulatory non-compliances to avoid further financial or legal penalties.