Glance Finance Ltd

Auditor appointment

• Shareholders confirmed Ashish Bang & Co., Chartered Accountants as statutory auditors at AGM on 28 September 2026.
• Remuneration for the statutory auditors has been fixed.
• Appointment aligns with SEBI LODR requirements under Regulation 30, Schedule III.

AGM Details

• Date and time: 28 September 2026, 11:30 IST; mode: VC/OAVM.
• Record date: 21 September 2026.

Key Resolutions

• Resolution 1 (Ordinary): Adopt Audited financial statements for year ended 31 March 2026.
• Resolution 2 (Ordinary): Appoint Narendra Laxman Arora as Wholetime Director (re-appointment).
• Resolution 3 (Ordinary): Appoint Ashish Bang & Co. as Statutory Auditors and fix remuneration.

Voting Results

• Resolution 1 – Passed; 21 in favour, 1 against (99.9999% vs 0.0001%).
• Resolution 2 – Passed; 21 in favour, 1 against (99.9999% vs 0.0001%).
• Resolution 3 – Passed; 21 in favour, 1 against (99.9999% vs 0.0001%).

Directors & Auditors

• Director changes: Narendra Laxman Arora appointed as Wholetime Director (re-appointment after rotation).
• Auditors: Ashish Bang & Co. appointed as Statutory Auditors; remuneration to be fixed.

AGM Details

• 32nd AGM held on 28 September 2026 at 11:30 A.M. IST via VC/OAVM.
• 23 members attended the AGM electronically.
• Meeting conducted in compliance with MCA and SEBI guidelines.

Ordinary Business

• Adopt Audited Financial Statements including Balance Sheet and P&L for year ended March 31, 2026.
• Appoint Narendra Laxman Arora as Whole-time Director (reappointment by rotation).
• Appoint M/s Ashish Bang & Co., Chartered Accountants as Statutory Auditors and fix remuneration.

Voting Status

• Voting results to be declared within two working days after the AGM.
• Scrutinizer to submit report by 30 September 2026; combined remote and AGM votes.
• Remote e-voting period: 25–27 September 2026.

Directors & Auditors

• Reappointment: Narendra Laxman Arora to continue as Whole-time Director.
• Auditor appointment: M/s Ashish Bang & Co., Statutory Auditors; remuneration to be fixed.

Glance Finance Ltd closes trading window for all connected persons from October 01, 2026; the trading window will open 48 hours after the announcement/ declaration of the unaudited Financial Results of the Company for the Quarter and half year ended September 30, 2026 is made by the Company to your esteemed Exchange.

AGM Details

• AGM date/time/mode: 28 September 2026, 11:30 AM IST, via VC/OAVM.
• Book closure: 22 September 2026 to 28 September 2026.

Resolutions Put to Vote

• Ordinary: Adopt Audited Financial Statements for year ended 31 March 2026.
• Ordinary: Re-appoint Narendra Laxman Arora as Wholetime Director, retiring by rotation.
• Ordinary: Appoint M/s Ashish Bang & Co as Statutory Auditors for five years.

Dividend

• Dividend: No dividend proposed for FY2025-26.

Related Party Transactions

• RPTs with related parties were in ordinary course and not material.
• RPT approvals were via Audit Committee with omnibus approvals for repetitive transactions.

Auditor & Directors

• Remuneration: Rs 75,000 p.a. for statutory audit, plus taxes and out-of-pocket.
• Term: five consecutive years from conclusion of this AGM.

Financials

• Revenue from operations: 2,582.08 lacs.
• Total revenue: 2,585.36 lacs.
• PBDT: 1,114.32 lacs; depreciation: 488.63.
• PBT: 625.69 lacs; current tax: 252.35; deferred: (124.13).
• Net profit after tax: 492.42 lacs; total comprehensive income: 492.30.
• Earnings per share: 21.83.
• Dividend: not declared for FY2025-26.
• Retained earnings: 3,828.09 lacs.

Segment activity

• Lending & Investment segment revenue: 1,787.30 lacs.
• Non-Strategic revenue: 798.04 lacs.
• Lending PBT: 565.81; Non-Strategic PBT: 254.33.
• Total segment PBT: 820.14; unallocated: (194.46).
• Total segment assets: Lending 4,277.98; Non-Strategic 927.53.

Capital & liquidity

• Borrowings: 93.33 lacs; cash: 60.14.
• Net debt: 33.19; equity: 4,968.09.
• Gearing: 0.66%.
• Dematerialisation: 98.31%.

Dividends & reserves

• Dividend policy not applicable; no dividend declared.
• RBI Statutory Reserve transfer: 549.05; restatement adds 450.57.
• Retained earnings transfer: 492.42; closing retained earnings: 3,828.09.

Governance & risk

• Board: 6 directors; 3 independent; 4 meetings in FY26.
• Auditors: Ashish Bang & Co appointed for 2026-31; Rs 75,000 annual.
• Secretarial auditor: Shiv Hari Jalan & Co; 5-year term.
• Internal auditors: M.R. Sharma & Co.
• Remuneration policy includes Nomination & Remuneration Committee.

Audit & restatements

• FVOCI equity restated to FVTPL; retention adjustments.
• EPS restatement: +26.89 per share.
• AIF NAV updated; comparatives restated.
• RBI reserve increased by restatement: 450.57 Lakhs.

Shareholding & investor info

• Promoter holding: 74.34%; Public: 25.66%.
• Demat: 98.31%; ISIN INE580D01017.
• External customer revenue: 364.93 L.

Outlook & risks

• Outlook: steady cash flows from asset leasing; investments expected.
• Risks: higher borrowing costs; macro slowdown; policy/regulatory changes.

CSR & disclosures

• CSR provisions not applicable.
• Investor complaints: 12 received; 12 resolved; none pending.

SEBI registration

• SEBI approved Artha Trust II registration as Category II AIF on 31 August 2026.
• Registration No IN/AIF2/26-27/2304; certificate attached as Annexure A.
• Fund is Category II AIF; registration enables operation under SEBI regulations.
• No financial metrics disclosed; regulatory milestone enables potential fundraising and operations.

Audit opinion correction

• Corrects Note 1; report now shows a Qualified Opinion per the Limited Review Report.
• Original reference to Unmodified Audit Opinion in Note 1 is replaced with Qualified Opinion in Note 4.
• No other changes to the unaudited financial results; all particulars remain unchanged.