Everlon Financials Ltd

Everlon Financials Limited - Trading Window closed from 01 October 2026 until 48 hours after the declaration of the un-audited financial results for the second quarter ended 30 September 2026 for designated persons

AGM Details

• AGM held on 16 September 2026 at 12:00 IST via VC/OAVM.
• Record date for entitlements: 09 September 2026.
• Meeting concluded at 12:36 PM IST.

Key Resolutions

• Resolution 1 (Ordinary): Adopt Audited Financial Statements and reports.
• Resolution 2 (Ordinary): Re-appointment of Varsha J. Vakharia by rotation.
• Resolution 3 (Ordinary): Appoint Panchal S K & Associates as Statutory Auditors.
• Resolution 4 (Special): Appoint Sanjay Rasiklal Dholakia as Independent Director.

Voting Outcomes

• All resolutions passed; minimal opposition (13 votes against).

Appointments & Changes

• Director changes: Varsha J. Vakharia re-appointed; Sanjay Rasiklal Dholakia appointed Independent Director.
• Statutory Auditor: Panchal SK & Associates appointed.

Cessation of Independent Director

• Nitin Ishwarlal Parekh, Independent Director; cessation by completing second five-year term, effective 16 September 2026; exits committees.

Board appointment

• Appointment of Mr. Sanjay Rasiklal Dholakia as Independent Director on the Board.
• Effective from 28 July 2026; five-year term.
• Reason: appointed as Independent Director.
• Profile: Mumbai-based practicing Company Secretary with 35+ years in corporate law and governance.
• Not related to any Director, KMP, or Promoters.

AGM Details

• AGM held on 16 September 2026 at 12:00 IST via VC/OAVM.
• Concluded at 12:36 IST, including time for voting.
• Meeting conducted through VC/OAVM per MCA/SEBI guidelines.

Ordinary Business

• Adopt audited financial statements for year ended 31 March 2026 with Board and Auditor reports.
• Re-appoint Varsha J. Vakharia as Director by rotation.
• Appoint M/s Panchal S K & Associates as Statutory Auditors.

Special Business

• Approve appointment of Sanjay Rasiklal Dholakia as Independent Director.

Voting and Outcome

• Results of voting to be submitted separately in prescribed SEBI format.

AGM & AR access

• 37th AGM scheduled for 16 September 2026 at 12:00 IST via VC/OAVM.
• Annual Report 2025-26 accessible via website; link sent to non-registered email holders.
• Email registration cut-off date for notices is 9 September 2026.

KYC & shareholder updates

• Reminder to update KYC details for holders with unregistered emails under SEBI circular 2024.
• Physical folios must update PAN, address, bank details, and nomination for electronic payments.
• Nomination and KYC forms available on Purva Sharegistry website.

Financials snapshot

• Revenue from operations ₹1,647.67 lakhs; prior year ₹1,311.42 lakh.
• Total income ₹1,651.69 lakhs.
• Profit after tax: ₹665.67 lakhs loss.
• Earnings per share: ₹-10.74 (basic and diluted).
• Dividend: not recommended; reserves unchanged.
• Net cash from operations: ₹-35.95 lakhs.
• Total assets ₹1,764.87 lakhs; total equity ₹1,740.26 lakhs.

Capital & liquidity

• Authorized share capital ₹25,00,00,000; paid-up ₹6,20,00,000.
• No deposits; RBI NBFC registration since 19 Dec 2022.
• Promoter holdings: JVK 23.75%, Varsha 19.44%, others.
• Reserve fund under RBI 45-IC(1): ₹255.84 lakhs.
• Securities premium ₹164.51 lakhs; retained earnings ₹357.69 lakhs.

Business developments

• NBFC activities expanded to investments and solar funding.
• Single segment: financial services, investments and trading.
• No subsidiary or joint venture; compliance ongoing.
• Listed on BSE; listing fees for 2025-26 paid.

Governance & board changes

• 37th AGM on 16 Sep 2026 via VC/OAVM.
• Sanjay Rasiklal Dholakia appointed Independent Director, effective 28 Jul 2026.
• Panchal S K & Associates appointed Statutory Auditors for 2026-29.
• Varsha J. Vakharia retires by rotation; reappointment sought.
• Secretarial audit by Sindhu Nair & Associates; no adverse remarks.
• Audit Committee includes Shenoy (Chair), Parekh, Dholakia, and Vakharia (MD).

Related party disclosures

• Rent to Teekay International ₹12.00 lakhs (FY26).
• Remuneration to KMP: Vivek Mane ₹5.53 lakhs; Pooja Sanghvi ₹8.40 lakhs.
• Interest paid to MD ₹0.34 lakhs.
• Other related-party arrangements disclosed; on-arm's length basis.

Audit, controls & compliance

• Auditor's report: no qualifications; going concern not flagged.
• Internal financial controls found adequate and effective.
• Secretarial audit: Annexure B; no qualifications.
• NBFC compliance; RBI COR in place; listing fees paid.

Risks & outlook

• Outlook: focus on strengthening financial services, regulatory compliance and sustainable growth.
• Risks: market volatility, regulatory changes, credit risk, economic uncertainty.

CSR & disclosures

• CSR not applicable; liability NIL; no CSR spend required.