Wallfort Financial Services Ltd

Appointment details

• Re-appointment of Manoj Bharadia as WTD; effective 01 Nov 2026 for 3 years; subject to shareholders' approval.

Reason for change

• Reason: current WTD term expiry on 31 Oct 2026.

Professional profile

• Brief profile: Commerce graduate with extensive capital markets experience; handles trading, admin, and client relations.

Related party disclosure

• Disclosure: Manoj Bharadia is cousin of a fellow director.

Financial results approved

• Standalone unaudited quarterly results for quarter ended 30 June 2026 approved.

Board and audit committee actions

• Board meeting held 12 August 2026; results reviewed by Audit Committee and taken on record.

Auditor's report

• Independent Auditor's Review Report by Kochar & Associates states no qualifications.

Disclosures and accounting notes

• Extract of results to be published in newspapers per listing regulations.
• Results prepared under Ind AS for NBFC; no segment information.
• Unrealised gain of Rs 1,600.02 lakhs recognised under net gain on fair value changes.
• Deferred tax impact to be provided annually at year-end reporting.
• Results accessible on company's website and BSE site.

Dematerialisation status

• Securities in the certificate(s) have been listed on the stock exchanges.
• Physical certificates, after verification, were mutilated and cancelled; depository name recorded as registered owner.
• No dematerialisation/rematerialisation requests were received during the quarter.
• No physical certificates were received for demat during the quarter.

Internal Auditor Re-appointment

• M/s Rashmi Jain and Associates re-appointed as Internal Auditor for FY 2026-27
• Re-appointment effective from 15 April 2026
• Firm specializes in auditing, certification, financial solutions, and business advice
• Firm led by Rashmi Jain with over 11 years of finance and accounting experience
• No relationships disclosed between auditor and company directors

Financial Performance Q3 & 9M FY26

• Interest income was Rs 55.62 Cr in Q3 FY26, down from Rs 67.97 Cr YoY
• Brokerage income rose to Rs 542.77 Cr in Q3 FY26 from Rs 383.22 Cr YoY
• Net loss on fair value changes was Rs 390.31 Cr in Q3 FY26 versus Rs 916.90 Cr loss YoY
• Total income stood at Rs 420.65 Cr in Q3 FY26, down from Rs 187.30 Cr YoY
• Finance costs increased to Rs 11.16 Cr in Q3 FY26 from Rs 3.96 Cr YoY
• Employee benefit expenses were Rs 147.49 Cr in Q3 FY26, down from Rs 164.35 Cr YoY
• Other expenses rose to Rs 396.10 Cr in Q3 FY26 from Rs 355.13 Cr YoY
• Loss before exceptional items was Rs 144.86 Cr in Q3 FY26 versus Rs 347.47 Cr loss YoY
• Loss after tax was Rs 182.93 Cr in Q3 FY26 compared to Rs 584.56 Cr loss YoY
• Other income of Rs 501.41 Cr in 9M FY26 includes gain from silver sale
• Equity share capital remained stable at Rs 968.72 lakhs

Accounting & Compliance

• Results prepared under Ind AS and comply with SEBI and Companies Act regulations
• Company classified as NBFC but not registered under RBI Section 45-IA
• No reportable segments as per Ind AS 108; segment info not provided
• Statutory auditor issued unqualified limited review report for Q3 FY26
• Deferred tax impact provided annually at financial year end

Labour Code Impact

• New Labour Codes effective Nov 21, 2025, impacting gratuity and employee benefits
• Company assessing rules and aligning HR policies and compliance
• Provisions recognized for higher employee benefit liabilities; impact not material