Daily filing brief

10 Important BSE and NSE Announcements — 25 July 2026

Here are 10 notable company announcements from 25 July 2026. The brief brings the key developments together in one place and keeps the essential details easy to scan.

By Daily BrieferPublished

  1. Davangere Sugar Company Limited

    Davangere Sugar approves USD 84,950,000 investment in Aurevant Global Limited using FCCB proceeds

    Outcome of Board Meeting

    Investment in Aurevant Global Limited, UK

    • Board approved investment of USD 84,950,000 in Aurevant Global Limited, UK.
    • Acquisition of approximately 62,463,235 new ordinary shares of GBP 1 each.
    • Resulting in 100% equity stake in Aurevant Global Limited.
    • Investment funded from FCCB proceeds as per Offering Circular dated July 3, 2026.
    • Use of proceeds approved under FCCB issuance.
    • Completion expected within 10 days; automatic FEMA route.
    • Aurevant Global Limited incorporated June 4, 2026; UK.
    • Aurevant operates in ethanol and sugar products in UK.
    Read the primary exchange filing

  2. Dodla Dairy Ltd

    Dodla Dairy Q1 FY27 revenue sets record at ₹1,197.9 Cr; board approves ₹11.6 Cr Sids Farm stake

    Press Release / Media Release

    Financial highlights

    • Q1 FY27 revenue ₹1,197.9 Cr, up 19.0% YoY; QoQ ₹1,074.5 Cr.
    • EBITDA ₹64.9 Cr, margin 5.4%, down from ₹82.5 Cr and 8.2% YoY.
    • PAT ₹40.6 Cr, margin 3.4%, down from ₹62.9 Cr and 6.2% YoY.
    • EPS ₹6.7; down from ₹10.4 YoY.

    Volume and product mix

    • Milk procurement 21.1 LLPD, up 13.0% YoY (highest ever).
    • Milk sales 13.6 LLPD, up 14.5% YoY.
    • VAP sales ₹414.7 Cr, 34.6% of total.
    • Bulk VAPs SMP and butter not present; ₹57.7 in Q1 FY26.
    • Curd volume 642.6 MTPD, up 41.4%.

    Geographies and business segments

    • Africa revenue growth 45.6% YoY; EBITDA ₹24.2 Cr.
    • Orgafeed revenue growth 25.9%; EBITDA margin 10.5%.
    • OSAM: higher prices pressure gross margins; QoQ operating margins improved.

    Strategic investment

    • Board approved ₹11.6 Cr for 2% stake in Sids Farm Pvt Ltd at ₹500 Cr pre-money.

    Outlook and strategy

    • MD notes highest quarterly revenue; expects prices to normalise in Q2.
    • Expansion plan: capacity increase, geographic footprint, wider distribution, higher VAP mix.
    Read the primary exchange filing

  3. Atlanta Electricals Ltd

    Atlanta Electricals Q1 FY27: Revenue up 48% to INR 466.33 cr; record order inflow; margin expansion; export target 15% of revenue in 3 years.

    Earnings Call Transcript

    Financial Performance

    • Q1 FY27 revenue from operations: INR 466.33 crores, up 48% YoY.
    • Gross profit: INR 127.20 crores; gross margin 27.3%.
    • EBITDA: INR 77.10 crores; EBITDA margin 16.5%.
    • PAT: INR 46.84 crores; PAT margin 10%; EPS 6.09.
    • QoQ, revenue declined 37.6%; EBITDA margin fell from ~20% to 16.5%.

    Operating Update

    • Record order inflow: INR 972.42 crores; outstanding order book: INR 3,116.63 crores.
    • Capacity: 63,060 MVA; utilization: 4,381 MVA.
    • Key orders: RVPNL 291.68 crores; PSTCL 285.15 crores; 23x160 MVA 220/66 kV units.
    • Order book: 220 kV >55%; 400 kV ~₹275 crores.

    Market and Mix

    • End-market mix: Transmission & distribution ~66%; Renewable energy ~19%.
    • Vadod Unit 4 approved by Power Grid for 400 kV transformers.
    • 315 MVA transformer order: engineering complete; first unit in two months; tests soon.
    • 400 kV portfolio to contribute meaningfully from next financial year.

    Capex & Projects

    • Inverter duty transformer facility: ~5,000 MVA capacity; commissioning by year-end.
    • Tank and radiator facility capex ~₹180 crores; ₹15–20 crores spent so far.
    • Facility to be built adjacent to Vadod; improves supply chain reliability.
    • Two large capacities totalling ~60,000 MVA to commission in 3–4 months.

    Strategic Development

    • 765 kV tech tie-up expected to close in Q2; first 765 kV product by Ankhi.
    • Royalty arrangements: one-time USD 3–5 million; 2–4% royalty for 3–4 years.

    Guidance & Outlook

    • Export target: 15% of revenue within three years; current export revenue in Q1 was zero.
    • FY27-28 growth target: 40% CAGR with stable margins.
    • Starting FY27, EBITDA margin at 16.50%; long-term target 17–18%.

    Q&A Highlights

    • Q: Margin impact from new capacity; management: no near-term margin erosion.
    • A: Record order inflow; no visible pricing erosion in market.
    • Q: 765 kV approvals by year-end; tie-up progress expected to fast-track.
    • A: 315 MVA testing; 400 kV contribution from next year.
    • Q: Export mix; 15% target; current export zero; data centers not in order book.
    Read the primary exchange filing

  4. Transformers and Rectifiers (India) Ltd

    Transformers and Rectifiers (India) Ltd Q1 FY27: 10% revenue growth; guides 25% FY27 growth; 16% EBITDA; 9-10% PAT; order book INR 6,630 cr

    Earnings Call Transcript

    Financial Performance

    • Standalone revenue for Q1 FY27 was INR559 crores, up 10% YoY.
    • Standalone EBITDA was INR87 crores with 15.6% margin.
    • Standalone PAT was INR50 crores, with 8.9% margin.
    • Consolidated Q1 FY27 revenue was INR572 crores; EBITDA INR110 crores.
    • Consolidated PAT was INR64 crores; EBITDA margin 19.2%.
    • Unexecuted order book as of 30 Jun 2026: INR6,630 crores, up 26% YoY.
    • Order inflow in Q1 FY27 was INR2,114 crores, up 218% YoY.
    • Inquiries under negotiation total INR23,000 crores; win rate historically 10-15%.
    • Backward integration aims to bring 80-85% of raw materials in-house.
    • Export orders to USA totaled INR150 crores; USA exports targeted at 10-15% of revenue.

    Order Book and Capacity

    • Unexecuted order book stands at INR6,630 crores, executable over 18-24 months.
    • Q1 FY27 revenue growth drivers include Changodar expansion, not demand weakness.
    • Changodar capacity utilization expected to be 60-65% this year; 80-85% next year.
    • Moraiya utilization currently 60-65%; potential to 80-85% by next year.
    • Backward integration reduces external dependency, improving supply chain resilience.
    • Orders typically run 18-24 months; PGCIL order is a 30-month exception.

    Projects and Capex

    • Changodar expansion capex about INR150 crores.
    • Backward integration capex around INR900-1000 crores.
    • CTC facility: 8,000 MTPA; commissioning by Q2 FY27.
    • Pressboard/insulation: 5,000 MTPA Phase I; 10,000 Phase II; commissioning by Q3 FY27.
    • RIP bushings: 3,000 units/annum Phase I; 6,000 Phase II; commissioning Q4 FY27.
    • Fabrication facility: 25,000 MTPA Phase I; 50,000 Phase II; commissioning by Q1 FY28.
    • CRGO processing facility already commissioned.

    Balance Sheet and Liquidity

    • Standalone debt INR424 crores; tangible net worth INR1,410 crores; debt-to-equity ~0.3x.
    • Debt-to-EBITDA ~1.1x; debt rise due to working capital and growth investments.
    • FY26 end cash and bank balance INR139 crores; unutilized QIP proceeds INR145 crores.
    • Funding for capex to come from QIP, leasing, internal accruals; limited debt.
    • Inventory INR561 crores; receivables INR1,057 crores; net working capital days ~170.

    Guidance and Outlook

    • FY27 guidance: 25% revenue growth; EBITDA margin 16%; PAT margin 9-10%.
    • Backward integration expected to lift margins 200-300 bps from FY28 onward.
    • Export share targeted at 10-15% of revenue; USA market remains core.
    • HVDC manufacturing to start in 15-16 months; repair work to finish in 9 months.
    • Capex funding via QIP and leasing; no major debt planned.

    Q&A Highlights

    • Q1 revenue grew 10%; Changodar throughput temporarily impacted.
    • Order book pipeline around INR23,000 crores; win rate 10-15%.
    • FY29 topline targeted around INR8,000 crores; earlier 1 billion USD target reflects rupee rates.
    • Moraiya utilization expected to reach 80-85% by next year; current 60-65%.
    • USA export share guided at 10-15% of revenue; pricing and quality are drivers.
    • Raw-material coverage through December 2026; backward integration reduces risk.
    Read the primary exchange filing

  5. IndiaMART InterMESH Ltd

    IndiaMART Q1 FY27: Revenue up 11%, EBITDA 35%; new finance subsidiary approved; BUSY growth and AI initiatives

    Earnings Call Transcript

    Financial Performance

    • Consolidated Revenue from operations was Rs. 414 crores, year-on-year growth 11%.
    • Consolidated collection from customers was Rs. 463 crores, year-on-year growth 8%.
    • Consolidated deferred revenue stood at Rs. 2,014 crores, year-on-year growth 16%.
    • Consolidated EBITDA was Rs. 146 crores, margin 35%.
    • Consolidated net profit for the year was Rs. 172 crores.
    • Consolidated cash generated from operations was Rs. 163 crores for the quarter.
    • Cash and treasury balance stood at Rs. 3,553 crores as of June 30, 2026.
    • Unique business enquiries were 26 million.
    • Paying supplier base was 2,18,000; declined 1,850 in Q1.

    Operating and Platform Update

    • Platinum and Gold subscribers contribute about 50% of customers and more than 75% of revenue.
    • TrustSEAL verification, multi-layer KYC, and seller verification to boost buyer confidence.
    • Buyer Payment Protection Program launched for eligible purchases with TrustSEAL verified suppliers.
    • AI evolution: standardised cataloguing, intelligent matchmaking, content moderation.
    • AI-enabled call center handles over 1 lakh calls per day.
    • Discovery process streamlined with standardised cataloguing, intelligent matchmaking, and content moderation.

    BUSY Infotech Update

    • BUSY Q1 billing: Rs. 59 crores, up 10% year-on-year.
    • BUSY revenue: Rs. 36 crores, up 47% year-on-year.
    • Deferred revenues: Rs. 146 crores, up 44% year-on-year.
    • Cash from operations: Rs. 16 crores.
    • New licenses: about 12,000; total licenses: 4,54,000.
    • BUSY Magic launched with revamped UI/UX.

    Strategic Initiatives & Subsidiaries

    • Board approved IndiaMART Finance Limited to facilitate short-term transaction financing.
    • Will partner with lenders; no lending from own balance sheet.
    • Buyer monetisation experiments include paid buyer program and category-based advertising.
    • Buyer enquiries around 26–27 million; OTP verification rolling out.
    • GST verification expanding; 50% GST verified among paid buyers.
    • Bank account verification to rise; target 50%+ within a year.
    • Follow-on investments in Bizom, Fleetx, SuperProcure, Aerchain, IDfy, M1xchange; 10% cap.

    Q&A Highlights

    • Finance subsidiary objective: enable short-term financing via partnerships; no balance-sheet lending.
    • Buyer monetisation: paid program and advertising-based monetisation under exploration.
    • Silver churn around 7% monthly; retention improves after year one.
    • OTP verification reduces some enquiries; other factors include traffic to LLMs and external factors.
    • AI windfalls: AI-driven buyer call center, content aggregation, trust-building; more gains expected by end of next year.
    • LLMs: impact uncertain; hybrid search models may emerge; guardrails and policy discussions ongoing.

    Outlook and Guidance

    • BUSY license growth targeted at 15–20% in 1–2 years.
    • BUSY ARPU to grow at 27–30% CAGR over 2–3 years.
    • Long-term BUSY CAGR target around 35–40%.
    Read the primary exchange filing

  6. Kesar India Ltd

    Kesar India’s wholly owned subsidiary acquires premium Hyderabad office space

    Press Release / Media Release

    Acquisition of Hyderabad Office Space

    • Kesar Infraventures Private Limited completed the acquisition of a premium office property in Hyderabad.
    • Office Space No. 4A, Third Floor, Aditya Trade Centre, Aditya Enclave, Ameerpet.
    • Approximately 7,725 sq ft with six dedicated parking spaces.
    • Acquisition undertaken via Kesar Infraventures as part of disciplined capital allocation.
    • Hyderabad’s growth hub status supports the group’s long-term South India expansion.
    • Six dedicated car parking spaces included.
    Read the primary exchange filing

  7. AU Small Finance Bank Ltd

    AU Small Finance Bank Q1 FY27: PAT ₹796 cr, loan growth 23%, universal bank transition in-principle approved

    Investor Presentation

    Business Overview

    • Largest Indian Small Finance Bank; focus on retail secured, MSME, and inclusive lending.
    • AI-first platform strategy with Run/Build/Transform and bank-native AI architecture.
    • In-principle approval for transition to Universal Bank; potential growth enabler.
    • Pan-India footprint with ~2,900 touchpoints and governance-driven risk management.

    Operational Highlights

    • Gross loan portfolio up 23% YoY to ₹1,44,250 cr.
    • Net interest income rose 32% YoY to ₹2,695 cr; NIM 5.9%.
    • Total deposits up 24% YoY to ₹1,57,727 cr; CASA 29%.
    • Slippages declined 22% YoY; GNPA 2.10%; NNPA 0.76%.
    • Cost of funds at 6.48%; LCR 119%.
    • Cross-border: zero forex margin on remittances; four new lifecycle-based credit cards.
    • AI & tech: agentic AI and unified lead platform; 25,000+ users, 92% daily usage.
    • AU 0101: enhanced UPI interface; processes over 90% of transactions.
    • COO elevated to Deputy CEO; risk and tech teams strengthened.

    Financial Performance

    • Net Total Income ₹3,385 cr; up 19% YoY.
    • Net interest income ₹2,695 cr; +32% YoY; NIM 5.9%.
    • Core PPoP ₹1,426 cr; +41% YoY.
    • Provisions ₹371 cr; -30% YoY.
    • PAT ₹796 cr; +37% YoY; ROA 1.7%; ROE 15.6%.
    • Deposits ₹1,57,727 cr; Borrowings ₹13,419 cr.
    • CRAR 18.9%; Tier I 17.1%.
    • GNPA 2.10%; NNPA 0.76%; PCR ex write-off 64%.
    • RWA to total assets ~61%.

    Capital & Liquidity

    • Deposits ₹1,57,727 cr; CASA contribution ~29%.
    • Borrowings ₹13,419 cr; CD ratio 88% (ex-refinance 80%).
    • LCR averaged 119%; additional liquidity 10-15% of LCR in quality assets.
    • CRAR 18.9%; Tier I 17.1%.

    Strategy & Outlook

    • Run the Bank: protect core, improve operating leverage; uptime >99.9%.
    • Build the Bank: scale digital adoption; reduce cost-to-serve; faster straight-through processing.
    • Transform the Bank: data lake, governance, analytics; AI Center of Excellence; 200+ engineers.
    • Three-pronged edge: customer insight, distribution, digital; UB transition.
    • Headroom for growth: ~0.7% market share in core; ~2,900 touchpoints; underserved segments.
    • AU 0101 real-time payments expansion; broader dealer and partner integration.

    Governance & Leadership

    • Board approves elevation of COO Yogesh Jain to Deputy CEO.
    • Ownership: Domestic 64%, Foreign 36%.
    • Executive Directors and Independent Directors listed.
    Read the primary exchange filing

  8. IDFC First Bank Ltd

    IDFC FIRST Bank Q1 FY27: PAT ₹1,075 Cr; loan book ₹2.98 Lakh Cr; deposits ₹3.12 Lakh Cr; NIM 5.96%

    Investor Presentation

    Business overview

    • Private sector bank focused on RAM and Wholesale Banking.
    • RAM covers Retail, Agri, MSME; diversification of the loan book underway.
    • Emphasis on cash-flow underwriting and digital platforms for lending.
    • Deposit franchise expanding with rising CASA contribution.

    Operational highlights

    • PAT crossed ₹1,000 Cr for the first time in Q1 FY27.
    • Loan book ₹2,97,834 Cr; Deposits ₹3,11,892 Cr; YoY growth 20%/18%.
    • NIM 5.96%; NII ₹5,972 Cr; Operating Income ₹8,282 Cr.
    • PPOP ₹2,553 Cr; Core PPOP ₹2,371 Cr; PAT ₹1,075 Cr.
    • CASA ₹1,58,492 Cr; CASA ratio 50.8%.
    • Total loan assets ₹3,05,370 Cr; YoY +20.6%; QoQ +5.2%.
    • Top 20 borrower exposure 5%; top 5 industries 20%.
    • MFI book reduced to ₹6,698 Cr; normalization expected.
    • Branches 1,155; ATMs 1,110; app registrations 31.4 Mn.
    • Cards in force ~4.8 Mn; leading Indian mobile banking app.
    • GNPA 1.51%; NNPA 0.44%; QoQ improvement.
    • BVPS ₹56.47; Basic EPS ₹5.01.

    Financial performance

    • PAT ₹1,075 Cr; YoY +132%; QoQ +237%.
    • Interest income ₹11,051 Cr; interest expense ₹5,079 Cr; NII ₹5,972 Cr.
    • Operating income ₹8,282 Cr; trading gain ₹181 Cr; ex-trading ₹8,100 Cr.
    • Cost to income ratio (ex-trading) 70.7%.
    • ROA 1.06%; ROE 8.98%.
    • GNPA 1.51%; NNPA 0.44%.
    • Core PPOP ₹2,371 Cr; PPOP ₹2,553 Cr.
    • Total assets ₹4,20,810 Cr; Total liabilities ₹4,20,810 Cr.
    • Total capital funds ₹53,467 Cr; CET-1 13.33%; CRAR 15.05%.

    Capital structure & liquidity

    • Common equity ₹47,341 Cr; Tier 2 ₹6,126 Cr; Total capital funds ₹53,467 Cr.
    • Total RWAs ₹3,55,232 Cr.
    • Deposits ₹3,11,892 Cr; Borrowings ₹41,384 Cr.
    • Scrip: 861.47 Cr shares; BVPS ₹56.47; EPS ₹5.01.
    • Ratings: AA+ (stable) from major agencies.
    • Shareholding mix: FPIs 37.8%, MFs/insurance/banks 24.4%, public 28.4%.

    Strategic priorities & outlook

    • Reduce cost-to-income to around 50% over 4–5 years post-MFI normalization.
    • Retail liability franchise to breakeven; branch profitability improving with scale.
    • Product launches: Prime HL, Gold, Education, Tractor loans.
    • Maintain diversified loan mix; top exposures reduced (20% in top industries).
    • Invest in technology: ML scorecards, cloud, APIs, cybersecurity, data platforms.
    • ROE targeted in high teens; RoA around 1% with scale.
    • ESG initiatives: green deposits, renewable energy lending, sustainability governance.

    Risks & mitigation

    • MFI crisis reduced income; degrew to ₹6,698 Cr; normalization underway.
    • Asset quality remains strong; top exposures reduced.
    • Risks include regulatory, rates, cyber threats; mitigated by underwriting discipline and tech controls.

    Governance & leadership

    • Chairman: Mr. Sanjeeb Chaudhuri; MD & CEO: Vaidyanathan since December 2018.
    • Independent directors ~73%; women on board ~18%.
    • ESG governance: board ESG committee; ISO 27001 information security.
    Read the primary exchange filing

  9. Shakti Pumps India Ltd-$

    Shakti Pumps Q1 FY27 revenue ₹8,587 Mn; order book ₹10,000 Mn; capex plan ₹17,000 Mn and capacity ramp

    Investor Presentation

    Business Overview

    • Leading solar pumping company with in-house pumps, motors, VFDs, controllers, and structures.
    • Diversified segments include Solar Complete Systems, Submersible, Solar Rooftop, and EV motors/controllers.
    • Capex plan of ₹17,000 Mn to double core capacity and add 2.2 GW plant.
    • PM-KUSUM and government programs underpin long-term solar irrigation demand.

    Operational Highlights

    • Q1 FY27 revenue ₹8,587 Mn; EBITDA ₹829 Mn; PAT ₹516 Mn.
    • Order book as of 22 Jul 2026 stands at ₹10,000 Mn.
    • 58% YoY growth in solar pump installations.
    • FY26 revenue ₹26,976 Mn; highest in company history.
    • Exports ₹4,110 Mn; 100+ countries served.
    • Capex includes 0.5 GW DCR module facility and 2.2 GW integrated cell/module project.
    • Greenfield capacity expansion at Pithampur expected by FY28.
    • Geographic expansion: Karnataka entry strengthens tender wins.
    • Solar Rooftop and EV motors/controllers provide optional growth avenues.

    Financial Performance

    • FY26 revenue ₹26,976 Mn; YoY growth 7.2%.
    • EBITDA ₹4,217 Mn; EBITDA margin 15.6%; PAT ₹2,576 Mn; margin 9.5%.
    • Q1 FY27 revenue ₹8,587 Mn; EBITDA margin 9.6%; PAT margin 6.0%.
    • Receivables ₹17,988 Mn; cash ₹4,387 Mn as of 30 Jun 2026.

    Capital Structure & Liquidity

    • Debt-equity ratio 0.3x as of 31 Mar 2026.
    • Gearing at 0.3x; healthy interest coverage.
    • Operating cash flow ₹1,241 Mn in FY26.
    • Term loans ₹408 Mn; working capital secured loans ₹4,457 Mn.
    • Cash & equivalents ₹4,387 Mn as of 30 Jun 2026.

    Strategic Priorities & Outlook

    • Capex ramp of ₹17,000 Mn to double capacity and enable 2.2 GW cell/module.
    • PM-KUSUM 2.0 and Magel Tyala provide demand visibility.
    • Retail solar cash sales, Solar Rooftop expansion, and EV mobility as growth optionality.
    • Discipline in execution; balance-sheet quality prioritized over near-term growth.
    • 5 trillion addressable solar irrigation market; policy momentum supportive.
    • Geographic expansion: Karnataka entry; broader presence supports tender pipelines.

    Risks & Mitigation

    • Input cost pressures and lower realizations on some orders; mitigated by efficiency gains.
    • Capex ramp execution risk; mitigated by cash-flow discipline and staged capacity launches.

    Governance & Leadership

    • MD: Ramesh Patidar; Chairman: Dinesh Patidar; CFO: Dinesh Patel.
    • 100% subsidiaries: Shakti EV Mobility P Ltd; Shakti Pumps USA LLC; Shakti Pumps FZE UAE; Bangladesh unit.
    • ICRA ESG rating 75; Good – ESG rating (Oct 2025).
    • Patents: 15 total; 7 new patents in 2024.
    • Global footprint: 100+ countries; 60+ distributors; 400+ service centres in India.
    Read the primary exchange filing

  10. Five-Star Business Finance Ltd

    Five-Star Business Finance Q1FY27: disbursements ₹14.964bn, AUM ₹137.218bn, COF 8.80%

    Investor Presentation

    Business overview

    • NBFC offering secured loans to small businesses and self-employed individuals.
    • Focus on informal income; collateral-backed lending.
    • Geographic footprint across 11 states/UTs; Southern India emphasis.
    • Proprietary underwriting and in-house collections with ecosystem checks.
    • Branch network of 856 branches; about 14,497 employees.

    Operational highlights

    • Q1FY27 disbursements ₹14,964 Mn, up 23% QoQ and 16% YoY.
    • AUM at ₹137,218 Mn, up 4% QoQ.
    • Gross NPA 3.46%; 30+ DPD 12.38%.
    • Collections efficiency (excluding NPAs) 97.9%; x-bucket 99.2%.
    • Slippage flat at 0.70%; credit cost 1.85%.
    • Borrowings ₹4,500 Mn at 8.33%; COF on-book 8.80%.
    • NIM 19.97%; ROE 14.46%.
    • Branches opened during the quarter: 12.

    Financial performance

    • Total Income (Q1FY27): ₹8,387 Mn; PAT: ₹2,714 Mn; PBT: ₹3,620 Mn.
    • Net Interest Income: ₹6,672 Mn; Operating Expenses: ₹2,435 Mn.
    • PPOP: ₹4,237 Mn; Credit cost 1.85% of average AUM.
    • Loan Portfolio: ₹137,218 Mn; Interest income: ₹8,096 Mn.
    • Net Interest Margin: 19.97%; Cost-to-income: 45.86%.

    Capital structure & liquidity

    • Liquidity buffer as of Jun-2026: ₹22,972 Mn (₹18,472 Mn cash; ₹4,500 Mn unavailed).
    • Borrowings: ₹73,121 Mn; Debt Securities: ₹5,539 Mn.
    • Total equity: ₹76,534 Mn; Book value per share: ₹256.14.
    • Credit ratings: ICRA AA-; CARE AA-; India Ratings AA-; Short-term CARE A1+.

    Strategic priorities & outlook

    • Back on growth trajectory; focus on Tier 3–6 towns; diversified ticket sizes.
    • Sustainable finance: Swedfund USD 20m; IFC USD 60m; ADB USD 100m.
    • NABARD/SIDBI refinance support; strong governance framework.
    • Digital origination and AI-enabled collections; cloud-native data platform.

    Risks & mitigation

    • Asset quality stable with improving trends; GNPA 3.46%; Net NPA 2.10%.
    • Slippage 0.70% QoQ; credit cost controlled via robust analytics.
    • Mitigants: in-house underwriting, LOS integrations, digital collections, diversified borrower base.

    Governance & leadership

    • Board comprises 1 promoter, 4 independent, 1 executive; independent directors chair key committees.
    • Strong ESG governance; BRSR framework with external assurance.
    Read the primary exchange filing