Mukesh Babu Financial Services Ltd

Mukesh Babu Financial Services Ltd: Trading Window closed from October 01, 2026; shall open 48 hours after the declaration of the Unaudited (Standalone & Consolidated) Financial Results of the Company for the quarter & half-year ended September 30, 2026.

Transaction details

• Target: Mukesh Babu Financial Services Ltd.
• Disclosing Party: Mukesh Babu (Promoter).
• Transaction Type: Disposal of equity shares.
• Details: 431,600 shares sold on 01 September 2026.

Transaction basics

• Target Company: Mukesh Babu Financial Services Limited.
• Disclosing Party: Mr. Mukesh Babu, promoter group.
• Transaction Type: Sale/disposal of equity shares.
• Date: 01 September 2026.
• Mode: Open market.
• Instrument: Equity shares.

Holding snapshot

• Pre-transaction holding: 34,31,600 shares, 49.23%.
• Post-transaction holding: 30,00,000 shares, 43.04%.

Transaction details

• Shares disposed: 4,31,600 equity shares; 6.19% of diluted capital.
• Mode of transaction: Open market.
• Date of sale: 01 September 2026.

Capital context

• Pre-transaction issued capital: 69,70,900 equity shares (Rs 6,97,09,000).
• Post-transaction issued capital: 69,70,900 equity shares (Rs 6,97,09,000).
• Total diluted share capital: 69,70,900 shares.

AGM Details

• AGM held on 12 August 2026; mode: remote e-voting and e-voting at the meeting.

Results & Scrutinizer

• Voting results and Scrutinizer's report annexed with the filing.

AGM Details

• AGM held Aug 12, 2026 at 4:00 p.m. via VC/OAVM.
• Remote e-voting period Aug 8–11, 2026.

Ordinary resolutions

• Ordinary: Adoption of audited financial statements and reports for FY2025-26.
• Ordinary: Declaration of dividend for FY2025-26 at Rs 1.20 per share.
• Ordinary: Re-appointment of Mukesh Babu on retirement by rotation.

Special/related party resolutions

• Special: Approval of material related party transactions.
• Ordinary: Approval of material related party transactions of subsidiary Mukesh Babu Securities Limited with identified related parties.
• Special: Approval of remuneration to be paid to Mr. Mukesh Babu, MD, for remaining two years.

Voting outcomes

• All resolutions passed with requisite majority per Scrutinizer's report.

Board approval & results scope

• Board approved unaudited standalone and consolidated results for Q1 FY27 ended June 30, 2026.
• Limited Review Report by M/s Chaitanya C. Dalal & Co. attached.
• Board meeting held July 31, 2026 from 04:00 to 04:30 Hrs.
• Results are for Quarter ended June 30, 2026; standalone and consolidated.
• Copy of results and limited review report enclosed.

Overview

• 41st AGM scheduled for 12 August 2026 via video conferencing.
• NBFC-ND registered with RBI; classified as Base Layer NBFC under SBR.
• One material subsidiary: Mukesh Babu Securities Limited (51.62% holding).

Financial performance

• Standalone total income ₹12.73 crore; PAT ₹3.97 crore.
• Consolidated total income ₹24.01 crore; PAT ₹5.19 crore.
• Earnings per share: standalone ₹5.70; consolidated ₹9.09.

Capital and dividends

• Paid-up equity capital ₹6.97 crore.
• Dividend proposed ₹1.20 per share; outflow ₹8.37 crore.
• Transfer to RBI statutory reserve ₹0.79 crore.

Subsidiary performance

• Mukesh Babu Securities Limited: authorised capital ₹5 crore; paid-up ₹5 crore.
• Subsidiary net profit ₹2.36 crore in FY2025-26.
• Holding percentage in subsidiary 51.62%.

Governance & controls

• Board of six directors; one Executive, four Independent; female director present.
• Audit Committee: five directors; four Independent; four meetings in year.
• Statutory auditor: Chaitanya C. Dalal & Co; no qualifications; internal audit by V. R. Pandya & Co.

Related party transactions

• Material related party disclosures made; Audit Committee approvals obtained.
• Key related parties include Istaa Fashions, Istaa Finserv, Sagar Systech, Venus Green Recycling.
• Intra-group loans and investments disclosed; 2026-27 RPT limits up to ₹1.5 crore per party.

CSR activities

• CSR spend ₹7.00 lakh; set-off ₹4.17 lakh; no current CSR obligation.
• CSR focus areas: education, health, hunger alleviation, women and differently-abled.
• CSR policy and projects disclosed; annual CSR report in Annexure-C.

Outlook and risks

• NBFC base layer; growth pursued with caution to preserve asset quality.
• Outlook positive for Indian financial services; regulatory and macro risks acknowledged.
• Management emphasizes risk controls, recoveries, and cost discipline.

Shareholder and AGM details

• Book closure: 6–12 Aug 2026; dividend payment within 30 days post AGM.
• Remote e-voting window: 8–11 Aug 2026; cut-off 5 Aug 2026.
• Dividend tax to be deducted at source; residents may claim reduced rates via forms.