Visagar Financial Services Ltd

Visagar Financial Services Limited trading window closes from 01 October 2026 until the expiry of 48 hours after the declaration of financial results for the half year ended 30 September 2026

Book closure details

• Book closure: 24 September 2026 to 30 September 2026 (inclusive) for 33rd AGM.
• AGM date: 30 September 2026.
• Purpose: for annual general meeting (33rd AGM).

Financial snapshot

• Revenue from operations: Rs 993.28 Lakhs for year ended 31 March 2026.
• Profit after tax: Rs -35.94 Lakhs for 2025-26.
• Total income equals revenue at Rs 993.28 Lakhs.
• Total expenses: Rs 1,029.32 Lakhs.
• Borrowings decreased to Rs 3,078.55 Lakhs from Rs 4,383.95 Lakhs.
• Equity share capital remained at Rs 5,839.16 Lakhs.
• Earnings per share: Rs -0.01.
• Current ratio: 0.22 times; debt-equity: 0.51 times.
• Dividend for FY2025-26 not declared.

Capital structure & liquidity

• Total equity stood at Rs 60.18 Crore as at 31 March 2026.
• Total borrowings stood at Rs 30.78 Crore; no deposits.
• Cash and cash equivalents ended at Rs 17.20 Lakhs.
• Negative working capital due to higher current liabilities.
• Company did not accept deposits during the year.

Operations & business model

• Main business is lending and investments; no separate reportable segments.
• Single operating segment, all activities within India.
• No subsidiaries, joint ventures, or associates.
• NBFC-ND classification; no deposit-taking.

Dividend & shareholder matters

• AGM scheduled for 30 September 2026.
• Promoter holding 5.95% as at 31 March 2026.
• Public/other holding about 90.76%.

Governance & risk management

• Board: five directors; one executive, three independent, one non-independent.
• Vikasjeet Singh joined Aug 14, 2025; regularised Sept 30, 2025.
• Statutory Auditor: Ms Riddhi Kishor Trivedi for five years, subject to AGM.
• Secretarial Auditor: Kirti Sharma & Associates.
• Reg 44(3) non-compliance; fine Rs 11,800 paid.
• Independent Directors met Feb 12, 2026.

Related party transactions

• Audit Committee approves related party transactions; arm's-length and compliant.
• Year-end related party loans/advances disclosed in notes; material balances with promoters' entities.

MD&A snapshot & outlook

• NBFC sector in India trending toward digitisation; regulatory support expected.
• Risks: macro slowdown, regulatory changes, credit, liquidity, and competition.
• Outlook: digital credit enablement and data analytics to improve underwriting and collections.

Financial results and disclosures

• Unaudited standalone quarterly results for quarter ended 30 June 2026 approved; Limited Review Report enclosed.
• Trading window opens 48 hours after results are made public.
• Quarterly results are standalone; no consolidated results disclosed in this filing.
• Independent Auditor's Limited Review Report states no material misstatement; report attached.
• Board meeting held on 14 August 2026, from 3:00 PM to 4:10 PM.

Meeting Details

• Date and venue: 14 August 2026 at 907/908, Dev Plaza, SV Road, Andheri (W), Mumbai.

Key Agenda Items

• Consider and approve unaudited quarterly results for quarter ended June 30, 2026.
• Any other matter with the Chair's permission.

Other Notes

• Trading window closed from July 1, 2026; reopens 48 hours after results on August 14, 2026.

Dematerialisation status

• Dematerialisation requests received were confirmed to depositories; processing completed.
• Dematerialised securities have been listed on the stock exchanges where the earlier securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification; depository name substituted as registered owner.