Northern Arc Capital Ltd

Meeting Details

• Date and time: September 2, 2026, 10:00 AM to 2:00 PM
• Meeting type and mode: Group and one-to-one meetings; Physical
• Organizer: Elara India Dialogue 2026
• Purpose: Investor meeting for analyst/institutional interaction
• Key company participants: not disclosed

AGM Details

• AGM date/time: 18 August 2026, 11:30 AM IST, via VC/OAVM.
• Record/voting cut-off date: 12 August 2026.
• Remote e-Voting window: 14–17 August 2026; NSDL platform.
• Total shareholders on record date: 89,746.
• Attendance via VC: promoter group 0, public 47; total attendees 13.
• Quorum maintained throughout the meeting.

Key Resolutions and Outcomes

• Resolution 1 (Ordinary): Adopt standalone and consolidated financial statements; passed.
• Resolution 2 (Ordinary): Appoint Vijay Nallan Chakravarthi as director; passed.
• Resolution 3 (Ordinary): Appoint Joint Statutory Auditors; passed.
• Resolution 4 (Special): Creation of charges on assets; passed.
• Resolution 5 (Special): Increase in borrowing powers; passed.
• Resolution 6 (Special): Issue of Non-Convertible Debentures; passed.
• Resolution 7 (Special): Remuneration to PS Jayakumar; passed.
• Resolution 8 (Special): Remuneration of MD & CEO; passed.
• Resolution 9 (Special): ESOP route change from trust to direct route; passed.

Governance & Appointments

• Director appointment: Vijay Nallan Chakravarthi appointed; liable to retire by rotation.
• Auditors: Joint Statutory Auditors appointed; remuneration to be fixed.
• ESOP changes: ESOP 2016 plan amendments moved to direct route.

ESOP & Other Approvals

• Change in ESOP implementation: from Trust Route to Direct Route approved.

AGM Details

• AGM held August 18, 2026 at 11:30 AM via VC/OAVM.
• Shareholders on cut-off: 89,746; attendees: 47.
• Meeting duration: 11:30 AM to 12:24 PM.
• Quorum achieved; proxies not applicable due to VC/OAVM.

Key Resolutions

• Ordinary: Receive, consider and adopt audited standalone and consolidated financial statements and reports.
• Ordinary: Reappoint Vijay Nallan Chakravarthi by rotation.
• Ordinary: Appoint R Subramaniyan & Co LLP as Joint Statutory Auditors; remuneration to be fixed.
• Special: Creation of charges on assets under Section 180(1)(a).
• Special: Increase borrowing powers beyond paid-up capital, reserves and securities premium.
• Special: Issue Non-Convertible Debentures on a private placement basis.
• Special: Increase remuneration by way of commission to Non-Executive Independent Director and Chair.
• Special: Revise MD&CEO remuneration terms; ratify Special Discretionary Payout.
• Special: Change in ESOP implementation mode from Trust Route to Direct Route and amendments.

Voting Results

• Resolution 1: Outcome not disclosed.
• Resolution 2: Outcome not disclosed.
• Resolution 3: Outcome not disclosed.
• Resolution 4: Outcome not disclosed.
• Resolution 5: Outcome not disclosed.
• Resolution 6: Outcome not disclosed.
• Resolution 7: Outcome not disclosed.
• Resolution 8: Outcome not disclosed.
• Resolution 9: Outcome not disclosed.

Auditors & Directors

• Auditors: Appoint R Subramaniyan & Co LLP as Joint Statutory Auditors; remuneration to be fixed.
• Director: Reappointment of Vijay Nallan Chakravarthi by rotation.

AGM Details

• AGM held on 18 August 2026; 18th AGM; time/mode not stated.

Key Resolutions

• Adoption of audited standalone and consolidated financial statements (ordinary).
• Appointment of Vijay Nallan Chakravarthi as director, liable to retire by rotation.
• Appointment of M/s. R. Subramaniyan and Company LLP as Joint Statutory Auditors; remuneration.
• Creation of charges on the assets of the Company.
• Increase in borrowing powers beyond paid-up capital, reserves and securities premium.
• Offer and issue of Non-Convertible Debentures on private placement up to INR 5,000 crore.
• Revision of remuneration by commission to NED and Chair, Mr. P S Jayakumar.
• Revision of MD & CEO remuneration and ratification of Special Discretionary Payout.
• Change in ESOP 2016 implementation from trust to direct route.

Voting Results

• Consolidated voting results and Scrutinizer’s report to be submitted separately to stock exchanges.

Director Changes

• Appointment of Vijay Nallan Chakravarthi as director; retirement by rotation.

Auditor Appointments

• Joint Statutory Auditors appointed: M/s. R. Subramaniyan and Company LLP; three-year term.

ESOP/Other Approvals

• ESOP implementation changed from trust to direct route; amendments approved.

Meeting Details

• Date and time: 27 July 2026 at 18:30 IST.
• Type and mode: group earnings conference call; virtual audio.
• Event/organiser: Earnings Conference Call organized by Northern Arc Capital Limited.

Participants

• Key company participants: management participants not disclosed.

Purpose

• Discuss unaudited Q1 2026 results for quarter ended June 30, 2026.

Additional Notes

• Audio recording of the call is hosted on the company website.

No deviation in IPO fund utilisation

• Mode of fund raising: Public Issue (IPO) of equity shares.
• Status: No deviation or variation in the use of IPO proceeds reported.
• Monitoring agency involvement is applicable.
• No approval required to vary the objects.
• Status: No deviation; funds utilised as planned.

Business Overview

• Core business: lending to underserved households and MSMEs across consumer, rural, and micro segments.
• D2C channel accounts for about 64% of AUM.
• Operations cover Lending, Credit Solutions, Fund Management, and Placements.
• Pan-India footprint: 432 branches, 57 digital partners, 368 originator partners.
• SEBI approval for two performing credit funds; MOU with Yes Bank to accelerate inclusive credit.
• ICRA ESG Impact Rating 81 (Outstanding).

Operational Highlights

• Total AUM grew 26% YoY to INR 16,855 Cr.
• D2C AUM crossed INR 10,000 Cr milestone.
• Q1FY27 PAT of INR 114 Cr, highest ever for a Q1.
• Credit cost 2.6%; GNPA 0.5%.
• CGFMU coverage of 94% on MFI AUM.
• MOU with Yes Bank to accelerate inclusive credit.

Financial Performance

• Net Interest Income: INR 394 Cr.
• PAT: INR 114 Cr; YoY growth 41%.
• Total AUM: INR 16,855 Cr; YoY growth 26%.
• RoA 2.7%; RoE 11.5%.
• Cash & bank balances: INR 13,555 Cr; Total assets: INR 15,947 Cr; Borrowings: INR 12,440 Cr.

Capital Structure & Liquidity

• Borrowings: INR 12,440 Cr; diversified funding mix across banks, offshore/DFIs, and DCM.
• ALM: no negative cumulative mismatch; strong liquidity headroom.
• Undrawn sanctions provide liquidity cushion; RBI-compliant asset-liability profile.
• CoF and NIM trends indicate disciplined funding and margin management.

Strategic Priorities & Outlook

• Scale D2C AUM while maintaining 64% D2C share.
• Grow fund management assets; two SEBI-approved funds.
• Leverage Yes Bank MOU and CGFMU to expand inclusive credit.
• Invest in risk analytics and collections to sustain profitability.

Risks & Mitigation

• Credit costs at 2.6%; GNPA 0.5% remain manageable.
• Macro headwinds; mitigated by diversified funding and prudent risk controls.
• Proactive collections; data analytics across lifecycle to reduce losses.

Governance & Leadership

• MD & CEO: Ashish Mehrotra; governance includes independent and investor-nominated directors.
• Board attendance ~95%; ESG Committee oversees ESG strategy and risk.
• Marquee investors include LeapFrog, Accion, Eight Roads, IFC.

Meeting Details

• Date and time: July 27, 2026, 18:30 IST.
• Type: Earnings conference call / investor meet.
• Mode: not specified.
• Event: Q1 FY27 investor presentation.

Participants

• Managing Director & Chief Executive Officer to participate.
• Chief Financial Officer to participate.
• Head of Investor Relations to participate.
• Group Risk Officer & Governance Head to participate.

Purpose

• Discuss unaudited standalone and consolidated Q1 FY27 results.
• Investor interaction and results clarification.

Additional Notes

• Investor presentation available on the company website.

Asset cover summary

• Exclusive charge on loan receivables; security cover 1.09x as of 30 Jun 2026.
• Outstanding secured NCDs: 97,424.68 (book value basis).
• Security assets: Investments 92,057.81 and Loans receivable 14,607.40; total assets 106,665.21.
• Main security types: Investments, Loans receivable, bank balances.
• Liabilities secured: Secured NCDs 97,424.68; no other secured liabilities.
• Covenants: 1.09x cover; no breaches reported.
• All listed debt securities are secured; no unsecured issues reported.
• Material changes: no material changes since the last period.

Financial results approved

• Board approved unaudited standalone and consolidated Q1 2026 results (quarter ended 30 June 2026).
• Results reviewed under Ind AS 34; limited review reports by Walker Chandiok attached.
• Disclosures under Regulation 52(4) and security cover certificate filed.
• Press release for investors on Q1 2026 performance issued.

ESOP allotment

• Board allotted 40,500 equity shares under ESOP schemes 2016 and 2018.

FVOCI and ECL disclosures

• Reclassified 948.28 lakhs to FVOCI; 50.22 lakh fair value gain recognized in OCI.
• ECL provisions decreased by ~2,900 lakhs following RBI amendment directions.
• Additional ECL overlay of 6,584 lakhs recognized due to geopolitical uncertainties.
• Comparatives for ECL not strictly comparable.

Segment/Geography

• No separate reportable segments; single India geographic segment.

Auditor remarks

• Independent auditor’s review: no material misstatement; no audit opinion issued.