Typhoon Financial Services Ltd

Typhoon Financial Services Limited: Trading Window closed from 1 October 2026 till 48 hours after the declaration of Unaudited Financial Results for the quarter ended 30 September 2026.

MD elevation details

• Elevated as Managing Director for five years from 16 January 2026.
• Shareholders approved via Special Resolution at the 36th AGM on 23 September 2026.
• Not debarred from holding director office by SEBI or other authority.
• DIN: 05184646; category: Managing Director; qualification: Bachelor of Industrial Engineering.
• Original board plan was three-year term; five-year term approved by shareholders.
• Shareholding in the company: Nil.
• Related party note: Sushma A. Chhajer is related to the MD.

Secretarial Auditor Appointment

• Purpose: appoint M/s Kashyap R. Mehta & Partners as Secretarial Auditors.
• Term: five-year appointment from FY 2026-27 to 2030-31.
• Approval: approved at the 36th AGM held on 23 September 2026.
• Board action: appointment recommended on 29 July 2026.
• Regulatory basis: Regulation 30 and SEBI LODR Regulations, 2015; Section 204 of the Act.
• Firm profile: Ahmedabad-based secretarial practice offering corporate governance services.
• Disclosures: no related-party relationships disclosed.
• Outlook: appointment aligns with compliance obligations.

AGM details

• AGM held on 23 September 2026 at 2:00 PM IST via VC/OAVM.
• Remote e-voting window: 20–22 September 2026; cut-off 16 September 2026.

Key resolutions and outcomes

• Resolution 1: Adoption of audited financial statements and reports — Ordinary, passed 100%.
• Resolution 2: Re-appointment of Rishab Chhajer by rotation — Ordinary, passed 100%.
• Resolution 3: Appointment of Kashyap R. Mehta & Partners as Secretarial Auditors — Ordinary, passed 100%.
• Resolution 4: Elevation of Rishab Chhajer as Managing Director for five years — Special, passed 100%.
• Resolution 5: Board authority to advance loan and/or provide guarantees or security — Special, passed 100%.

Dividend

• No dividend proposed or declared.

Director changes

• Rishab Chhajer elevated to Managing Director for five years (16 Jan 2026 to 15 Jan 2031).

Auditor appointments

• Secretarial Auditor Kashyap R. Mehta & Partners appointed for 2026–2031.

Material related party transactions

• No material RPTs disclosed; authority to board to advance loans/guarantees granted.

Other material approvals

• Authority to Board to advance loans, guarantees, or security approved under Section 185.

AGM Details

• AGM held on 23 September 2026 at 2:00 p.m. IST via VC/OAVM.
• Meeting concluded at 2:10 p.m. IST.
• Remote e-voting open 20 Sep 2026 09:00 to 22 Sep 2026 17:00.
• EVoting during AGM available for those who did not vote remotely.
• Scrutinizer appointed for the e-voting process (Kashyap R. Mehta & Partners).

Resolutions

• Adoption of audited financial statements for year ended 31 March 2026.
• Re-appointment of Rishab Chhajer by rotation.
• Appointment of Kashyap R. Mehta & Partners as Secretarial Auditors for 2026–31.
• Elevation of Rishab Chhajer as Managing Director for five years.
• Board authority to advance loans/guarantees/security under Section 185.

MD & Director Changes

• MD term from 16 January 2026 to 15 January 2031.

Auditor Appointments

• Secretarial Auditor appointed for 2026–31: Kashyap R. Mehta & Partners.

Voting Results

• Voting results not disclosed in this chunk; scrutinizer report to be declared within two working days.

Financial highlights

• Total income for FY2025-26: 41.09 lakh, up from 28.43 lakh.
• Profit before tax: 11.00 lakh; tax: 3.32 lakh; net profit: 7.68 lakh.
• Earnings per share: Rs 0.26 (basic and diluted).
• No dividend declared for FY2025-26.

Balance sheet snapshot

• Total assets: 78,766 thousand; equity: 74,477 thousand; NBFC reserves: 1,013 thousand.
• Loans: 53,773 thousand; investments: 24,330 thousand; cash: 207 thousand.
• Deferred tax liabilities: 3,416 thousand; other financial liabilities: 783 thousand.
• Borrowings: 65 thousand.

Capital structure & liquidity

• Net debt: -142 thousand; total equity: 74,477 thousand.
• Debt-to-equity: 0.0008; current ratio: 64.19.
• Gearing effectively nil due to negative net debt.
• Interest coverage not disclosed.

Governance & leadership

• Ashok Chhajer, Chairman and MD, died on 6 July 2025.
• Rishab Chhajer appointed Managing Director from 16 January 2026 for five years.
• Independent Directors: Hitendra Chopra and Rajkumari Udhwani; 6 board meetings held.
• Secretarial Auditor Kashyap R. Mehta & Partners appointed for five years.
• Formal board evaluation process adopted.

Related party disclosures

• Total related-party loans outstanding: 69,862 thousand; promoter loans: 4,000 thousand.
• Related party balances include receivable from Shruti Chhajer: 160; payable to Sushma Chhajer: 65.
• All related-party transactions were in ordinary course and arm's length.
• CSR not applicable; no CSR committee.

Outlook: risks & opportunities

• Single NBFC segment; focus on capital market trading and derivatives.
• Risks include interest rate, credit, market, and operational risks; conservative risk management.
• Outlook centers on growth opportunities in financial services.

Audit, controls & compliance

• Statutory auditors: Virendra Surana & Co.; no qualifications.
• Secretarial audit: no remarks; appointment proposed for five years.
• CSR not applicable; no CSR committee; governance disclosures filed as required.

Unaudited Q1 FY2026 results and review

• Board took on record unaudited results for quarter ended 30 June 2026.
• Integrated filing includes Limited Review Report on the unaudited results.
• Review report states no material misstatement and no adverse qualifications.