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India Finsec Limited Earnings Release 2026
63584_rns_2026-05-14_fcd62fe0-ec49-45fa-853c-6584bb9b6aa9.pdf
Earnings Release
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India Finsec Limited
(L65923DL1994PLC060827)
To
The Manager-Listing Department
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai – 400001.
Date: 14.05.2025
Scrip Code: 535667 Scrip Id: IFINSEC.
Sub: Outcome under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements Regulations, 2015 read with Para A of Part A of Schedule III of the said Regulations.
Dear Sir/Madam,
Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements), 2015, we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. Thursday, 14th May, 2025, has inter-alia considered and approved the following business(s):
- The Audited Standalone & Consolidated Financial Results of the Company for the Quarter and year ended on 31st March, 2026, along with the Audit Reports of the Statutory Auditors as enclosed in Annexure A.
In compliance with the provisions of the Regulation 33(3)(d) of the Listing Regulations read with Clause 4.1 the SEBI’s Circular No. CIR/CFD/CMD/56/2016 dated May 27, 2016, we hereby declare that the Statutory Auditors - M/s Ajay Rattan & Co., Chartered Accountants, have issued the Audit Reports with unmodified opinion on the Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended 31st March, 2026.
- The Appointment of M/s Himanshu Sunil & Associates, Chartered Accountants (FRN: 032799N) as an Internal Auditor of the Company, pursuant to provision of Section 138 of Companies Act, 2013 and rules made thereunder, from financial year 2026-27 on the basis of recommendation of the Audit Committee.
The details of the auditors as per regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are enclosed in Annexure B.
- Upon recommendation of Nomination and Remuneration committee, Ms. Prachi Bansal (M. No. A73238) is appointed as Company Secretary cum Compliance Officer of the Company w.e.f from 14th May 2026, pursuant to Regulation 6 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
D-16, First Floor, above ICICI Bank, Prashant Vihar, Sector - 14,
Rohini, New Delhi - 110085
Tel : 011-47096097 • e-mail id : [email protected] • Website : www.indiafinsec.com
India Finsec Limited
(L65923DL1994PLC060827)
Further the details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, read with SEBI master circular no. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated 30th January, 2026, are enclosed herewith as Annexure – C.
Further the above said Board Meeting commenced at 01.00 P.M. and Concluded at 05:10 P.M.
You are requested to kindly take this information on your records.
This is for your kind information and record please.
Thanking You,
Yours Faithfully,
For India Finsec Limited
GOPAL BANSAL
Digitally signed by
GOPAL BANSAL
Date: 2026.05.14
17:27:54 +05'30'
Gopal Bansal
Managing Director
DIN: 01246420
Place: New Delhi
ENCL: As above.
D-16, First Floor, above ICICI Bank, Prashant Vihar, Sector - 14,
Rohini, New Delhi - 110085
Tel : 011-47096097 • e-mail id : [email protected] • Website : www.indiafinsec.com
CA
AJAY RATTAN & CO.
CHARTERED ACCOUNTANTS
Independent Auditor's Report on Annual Standalone Audited Financial Results of India Finsec Limited under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 As Amended.
To The Board of Directors
India Finsec Limited
D-16, First Floor, Above ICICI Bank
Prashant Vihar, Sector 14, Rohini,
New Delhi, Delhi-110085
(CIN: L65923DL1994PLC060827)
Opinion
We have audited the accompanying Standalone Financial Results of India Finsec Limited (“the company”) for the quarter ended 31 March 2026 and year to date results from April 1, 2025, to March 31, 2026 being submitted by the Company pursuant to the requirements of regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘listing regulations’).
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial results:
(i) are presented in accordance with the requirements of Regulations in this regard; and
(ii) give a true and fair view in conformity with the recognition and measurement principles laid down in applicable Indian Accounting Standards ('Ind AS') Specified under Section 133 of the Companies Act, 2013 ('the Act') read with the Companies (Indian Accounting Standard) Rules, 2015, and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information of the Company for the year ended 31 March 2026.
Basis for Opinion
We conducted our audit in accordance with Standards on Auditing (SAs) specified under Section 143(10) of the Companies Act, 2013 ('the Act'). Our responsibilities under those SAs are further described in the 'Auditor's Responsibilities for the Audit of Standalone Financial Results section of our report.
We are independent of the company in accordance with the code of ethics issued by the Institute of Chartered Accountants of India together with ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the rules thereunder, and we have fulfilled our ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.
H.O.: E-115, 11th Floor, Himalaya House, 23, Kasturba Gandhi Marg, New Delhi-110001 (P) : 011-41511852-53 (E) : [email protected]
B.O.: 1113, 11th Floor, Arunachal Building, 19, Barakhamba Road, New Delhi-110001
B.O.: House No. 14266, Street No. 2A, Ganesha Basti, Bathinda-151001, Punjab (P) : 9023637000 (E) : [email protected]
Other Branches at : Gurugram, Noida & Chandigarh
CA
AJAY RATTAN & CO.
CHARTERED ACCOUNTANTS
Management's Responsibilities for the Standalone Financial Results
These Standalone Financial Results have been compiled from the standalone annual financial statements. The Company's Board of Directors are responsible for the preparation and presentation of these Standalone Financial Results that give a true and fair view of the net profit/(loss) and other comprehensive income and other financial information in accordance with recognition and measurement principles laid down in the Ind AS prescribed under Section 133 of the Act read with relevant rules issued thereunder, the relevant provisions of the Banking Regulation Act, 1949, the circulars, guidelines and directions issued by the Reserve Bank of India ('RBI') from time to time ('RBI Guidelines') and other accounting principles generally accepted in India and in compliance with the listing regulations.
This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the company and for preventing and detecting frauds and other irregularities; selection and application of accounting policies; making judgment and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give true and fair view and are free from material misstatement, whether due to fraud or error, which has been used for the purpose of preparation of Standalone Financial Results by the Directors of the Company, as aforesaid.
In preparing the Standalone Financial Results, the Board of Directors are responsible for assessing the Company's ability to continue as going concern, disclosing as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of Standalone Financial Results
Our objectives are to obtain reasonable assurance about whether the Standalone Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatement can arise from fraud or error and are considered material, if, individually or in aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Standalone Financial Results.
As part of an audit in accordance with the SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the Standalone Financial Results, whether due to fraud or error, design and perform audit procedure responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud involve collusion, forgery, intentional omissions, misrepresentations, or override of internal control.
CA
AJAY RATTAN & CO.
CHARTERED ACCOUNTANTS
- Obtain an understanding of internal control relevant to the audit in order to design audit procedure that are appropriate in circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to standalone financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of the accounting policies used and reasonableness of accounting estimates and related disclosures made by the Board of Directors.
- Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on our audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Standalone Financial Results or, if such disclosures are inadequate, to modify our opinion.
Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the company to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of Standalone Financial Results, including the disclosures, and whether the standalone financial results represent the underlying transactions and events in the manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear our independence, and wherever applicable, related safeguards.
Other Matter
Figures for the quarter ended March 31, 2026, and March 31, 2025, are the balancing figures between the audited figures in respect of full financial year and year to date reviewed figures up to the third quarter of the relevant financial year.
Our opinion is not modified in respect of this matter.
For Ajay Rattan & Co.,
Chartered Accountants,
Firm Registration No. 012063N
CA. Varun Garg
Partner
Membership No.523588
UDIN: 26523588EGIPS1Z7029
Place: New Delhi
Date: 14-05-2026
INDIA FINSEC LIMITED
CIN: L65923DL1994PLC060827
Audited Statement of Assets and Liabilities as at March 31, 2026
[in lakhs]
| PARTICULARS | As at
31 Mar 2026 | As at
31 Mar 2025 |
| --- | --- | --- |
| | Audited | Audited |
| ASSETS | | |
| Non-Current Assets | | |
| Property, plant & equipment | 2.44 | 2.91 |
| Financial Assets | - | - |
| Investments | 7,756.88 | 7,756.88 |
| Deferred Tax Assets (Net) | 2.56 | 1.54 |
| | | |
| Current Assets | | |
| Financial Assets | | |
| Cash & Cash Equivalents | 84.07 | 72.97 |
| Other Financial Assets | - | 4.97 |
| Current Tax Assets (Net) | 29.34 | 30.19 |
| Other Current Assets | 1.31 | 0.56 |
| | | |
| Total Assets | 7,876.60 | 7,870.02 |
| | | |
| EQUITY AND LIABILITIES | | |
| Equity | | |
| Equity Share Capital | 2,919.17 | 2,919.17 |
| Other Equity | 4,947.36 | 4,943.59 |
| | | |
| Non-Current Liabilities | | |
| Non current Provisions | 4.07 | - |
| | | |
| Current Liabilities | | |
| Financial Liabilities | | |
| Trade Payables | | |
| (a.) total outstanding dues of micro enterprises and small enterprises | 0.54 | 0.54 |
| (b). total outstanding dues of creditors other than micro enterprises and small enterprises | 0.71 | 0.48 |
| Other Financial Liabilities | 1.58 | 5.55 |
| Other Current Liabilities | 0.08 | 0.69 |
| Provisions | 0.79 | - |
| Current Tax Liabilities (Net) | 2.30 | - |
| | | |
| Total Equity and Liabilities | 7,876.60 | 7,870.02 |
For and on behalf of board of directors of
INDIA FINSEC LIMITED
GOPAL : Digitally signed by
GOPAL BANSAL
BANSAL : Date: 2026.05.14
17:25:23 +05'30'
Gopal Bansal
Managing Director
DIN: 01246420
Date: 14/05/2026
Place: New Delhi
INDIA FINSEC LIMITED
CIN: L65923DL1994PLC060827
STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31.03.2026.
(Rs in Lakhs)
| Particulars | Three Months Period Ended | Year Ended | ||||
|---|---|---|---|---|---|---|
| 31.03.2026 | 31.12.2025 | 31.03.2025 | 31.03.2026 | 31.03.2025 | ||
| (Audited) | (Unaudited) | (Audited) | (Audited) | (Audited) | ||
| I | Income | |||||
| (a) | Revenue From Operations: | |||||
| Interest Income | - | - | 0.09 | - | 18.04 | |
| fee and commission income | 0.88 | 0.88 | - | 3.50 | 8.50 | |
| Total revenue from operation | 0.88 | 0.88 | 0.09 | 3.50 | 26.54 | |
| (b) | Other Income | 37.55 | - | 0.03 | 37.55 | 51.33 |
| Total Income (a+b) | 38.43 | 0.88 | 0.12 | 41.05 | 77.87 | |
| II | EXPENSES | |||||
| Finance cost | - | - | 0.00 | - | 8.85 | |
| Employee benefits expenses | 9.95 | 5.41 | 1.29 | 26.20 | 25.23 | |
| Depreciation and amortisation expenses | 0.09 | 0.13 | 0.18 | 0.47 | 0.78 | |
| Other expenses | 1.27 | 0.49 | 0.85 | 9.32 | 36.74 | |
| Total expenses | 11.31 | 6.03 | 2.32 | 35.99 | 71.60 | |
| III | Profit/(loss) before tax (I-II) | 27.12 | (5.15) | (2.20) | 5.04 | 6.27 |
| IV | Tax expense: | |||||
| (1) Current tax | 2.30 | - | (0.60) | 2.30 | 1.39 | |
| (2) Deferred tax | 4.38 | (1.05) | 0.08 | (1.02) | 0.22 | |
| (3) Income tax of previous year | - | - | 0.00 | - | 4.55 | |
| Total Tax expense | 6.68 | (1.05) | (0.52) | 1.28 | 6.16 | |
| V | Profit (Loss) after tax | 20.44 | (4.10) | (1.68) | 3.76 | 0.11 |
| VI | Other Comprehensive Income | |||||
| A (i) Items that will not be reclassified to profit or loss | - | - | - | - | - | |
| (ii) Income tax relating to items that will not be re- classified to profit or loss | - | - | - | - | - | |
| B (i) Items that will be reclassified to profit or loss | - | - | - | - | - | |
| (ii) Income tax relating to items that will be reclassified to profit or loss | - | - | - | - | - | |
| VII | Total Comprehensive Income for the period (XIII+XIV)(Comprising Profit (Loss) and Other Comprehensive Income for the period) | 20.44 | (4.10) | (1.68) | 3.76 | 0.11 |
| VIII | Paid up equity share capital (Face value Rs. 10/- per share) | 2,919.17 | 2,919.17 | 2,919.17 | 2,919.17 | 2,919.17 |
| IX | Reserves excluding Revaluation Reserves as per Balance Sheet of previous accounting year | - | - | - | 4,947.36 | 4,943.59 |
| X | Earnings per equity share (for continuing operation): | |||||
| (1) Basic | 0.07 | (0.01) | (0.01) | 0.01 | 0.00 | |
| (2) Diluted | 0.07 | (0.01) | (0.01) | 0.01 | 0.00 | |
| See accompanying notes to the financial results |
Notes :
(1) These results have been prepared in accordance with the Indian Accounting Standard (IND AS) as prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015 as amended by the Companies (Indian Accounting Standards Amendment) Rules, 2016 and other recognised accounting practices and policies to the extent applicable.
(2) The above audited financial results for the quarter and period ended on 31st March, 2026 have been reviewed by the Audit Committee and then approved by the Board of Directors at their meeting held on 14 May, 2026.
(3) The company has become unregistered CIC (Core Investment Company) during the year before that the company was registered with RBI as NBFC - ICC.
(4) The statutory auditors have carried out limited review of the above results for the quarter ended March 31st, 2026. However, the management has exercised necessary due diligence to ensure that the financial results provided true and fair view of its affairs.
(5) Figures for the quarter ended March 31, 2026, and March 31, 2025, are the balancing figures between the audited figures in respect of full financial year and year to date reviewed figures up to the third quarter of the relevant financial year.
(6) Figures for the previous period have been regrouped wherever considered necessary so as to confirm to the classification of the current period.
(7) These Results are also updated on the company's website URL: www.indiafinsec.com.
For and on behalf of board of directors of
INDIA FINSEC LIMITED
GOPAL
BANSAL
Digitally signed
by GOPAL
BANSAL
Date: 2026.05.14
17:25:47 +05'30'
Gopal Bansal
Managing Director
DIN : 01246420
Date: 14/05/2026
Place: New Delhi
INDIA FINSEC LIMITED
CIN: L65923DL1994PLC060827
AUDITED STANDALONE CASH FLOW STATEMENT FOR THE YEAR ENDED ON 31.03.2026
| (Rs in Lakhs) | ||
|---|---|---|
| For the year ended 31.03.2026 | For the year ended 31.03.2025 | |
| CASH FLOW FROM OPERATING ACTIVITIES | ||
| Net profit/ (loss) before tax and exceptional items | 5.05 | 6.26 |
| Adjustments for items : - | - | - |
| Depreciation & amortization expense | 0.47 | 0.78 |
| Impairment of Financial instruments | - | (0.10) |
| Dividend not recovered | - | 0.09 |
| Income tax of previous year | - | (4.53) |
| Operating profit before working capital changes | 5.52 | 2.50 |
| Working capital adjustments : - | ||
| (Increase)/ decrease in loans | - | 36.01 |
| (Increase)/ decrease in other financial assets | 4.97 | (4.80) |
| (Increase)/ decrease in other non-financial assets | (0.75) | 193.88 |
| Increase/ (decrease) in trade payables | 0.24 | - |
| Increase/ (decrease) in other financial liabilities and current liabilities | 0.88 | (16.32) |
| Increase/ (decrease) in other non-financial liabilities | (0.60) | (2.75) |
| Increase/ (decrease) in current tax asset | 0.85 | (10.74) |
| Cash generated from operations | 11.11 | 197.78 |
| Less: Direct taxes paid/(refund) | - | - |
| Net cash flow from operating activities (A) | 11.11 | 197.78 |
| CASH FLOW FROM INVESTING ACTIVITIES | ||
| Purchase of property, plant & equipments | - | (0.88) |
| Purchase of investments | - | (3,484.51) |
| Sale of investments | - | 5.00 |
| Net cash flow from investing activities (B) | - | (3,480.39) |
| CASH FLOW FROM FINANCING ACTIVITIES | ||
| Net proceeds from borrowings | - | (78.00) |
| Share issue expenses | - | (4.27) |
| Issue of equity shares | - | 425.00 |
| Share premium | - | 2,975.00 |
| Net cash flow from financing activities © | - | 3,317.73 |
| Net cash flow during the year (A + B + C) | 11.11 | 35.12 |
| Add: Opening cash and cash equivalents | 72.96 | 37.84 |
| Closing cash and cash equivalents | 84.07 | 72.96 |
| Components of cash and cash equivalents | ||
| Cash on hand | 45.76 | 72.66 |
| Cheques In hand | 14.50 | - |
| Balances with bank in current accounts | 23.81 | 0.31 |
| Total cash and cash equivalents | 84.07 | 72.96 |
For and on behalf of board of directors of INDIA FINSEC LIMITED
Gopal Bansal
Managing Director
DIN : 01246420
GOPAL BANSal
Digitally signed by GOPAL BANSAL
Date: 2026.05.14 17:26:02 +05'30'
Date: 14/05/2026
Place: New Delhi
CA
AJAY RATTAN & CO.
CHARTERED ACCOUNTANTS
Independent Auditors' Report on Consolidated Audited Financial Results of India Finsec Limited under Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
To The Board of Directors
India Finsec Limited
D-16, First Floor, Above ICICI Bank
Prashant Vihar, Sector 14, Rohini,
New Delhi, Delhi-110085
(CIN: L65923DL1994PLC060827)
Opinion
We have audited the accompanying statement of Annually consolidated financial results of India Finsec Limited (hereinafter referred to as the "Holding Company") and its subsidiaries (Holding Company and its subsidiaries together referred to as "the Group"), for the quarter ended 31 March 2026 and year to date results from April 1, 2025, to March 31, 2026 being submitted by the Company pursuant to the requirements of regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('listing regulations').
In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors on separate audited financial results of the subsidiaries, the aforesaid consolidated financial results:
a. include the financial results of the following entities:
| S. No. | Name of the Entity | Relationship |
|---|---|---|
| 1 | IFL Finance Limited (Formerly IFL Housing Finance Ltd) | Subsidiary |
b. are presented in accordance with the requirements of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015; and
c. give a true and fair view in conformity with the recognition and measurement principles laid down in applicable Indian Accounting Standards ('Ind AS') Specified under Section 133 of the Companies Act, 2013('the Act) read with the Companies (Indian Accounting Standard ) Rules, 2015, and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information of the Company for the year ended 31 March 2026.
H.O.: E-115, 11th Floor, Himalaya House, 23, Kasturba Gandhi Marg, New Delhi-110001 (P) : 011-41511852-53 (E) : [email protected]
B.O.: 1113, 11th Floor, Arunachal Building, 19, Barakhamba Road, New Delhi-110001
B.O.: House No. 14266, Street No. 2A, Ganesha Basti, Bathinda-151001, Punjab (P) : 9023637000 (E) : [email protected]
Other Branches at : Gurugram, Nolda & Chandigarh
CA
AJAY RATTAN & CO.
CHARTERED ACCOUNTANTS
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing ("SAs") specified under section 143(10) of the Companies Act, 2013 ("the Act"). Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules there under, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics.
We believe that the audit evidence obtained by us along with the consideration of audit reports of the other auditors referred to in sub paragraph (a) of the "Other Matters" paragraph below, is sufficient and appropriate to provide a basis for our opinion on the consolidated financial results.
Management's Responsibilities for the Consolidated Financial Results
These consolidated financial results have been prepared on the basis of the consolidated financial statements.
The Holding Company's Management and the Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the consolidated net profit and other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down in Indian Accounting Standards prescribed under Section 133 of the Act and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The respective Management and Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of each company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Management and the Directors of the Holding Company, as aforesaid.
In preparing the consolidated financial results, the Management and the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of each company to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group is responsible for overseeing the financial reporting process of each company.
AJAY RATTAN & CO.
CA
AJAY RATTAN & CO.
CHARTERED ACCOUNTANTS
Auditor's Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
-
Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3) (i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
-
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the consolidated financial results made by the Management and Board of Directors.
-
Conclude on the appropriateness of the Management and Board of Directors use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group to express an opinion on the consolidated financial results. We are responsible for the direction, supervision and performance of the
AJAY RATTAN & CO.
CA
AJAY RATTAN & CO.
CHARTERED ACCOUNTANTS
audit of financial information of such entities included in the consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated annual financial results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion. Our responsibilities in this regard are further described in para (a) of the section titled "Other Matters" in this audit report.
We communicate with those charged with governance of the Holding Company regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and communicate with them all
relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
We also performed procedures in accordance with the circular No CIR/CFD/CMD1/44/2019 issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.
Other Matters
-
Figures for the quarter ended March 31, 2026, and March 31, 2025, are the balancing figures between the audited figures in respect of full financial year and year to date reviewed figures up to the third quarter of the relevant financial year.
-
On 15 April 2025 the holding company has intimated to stock exchange vide board resolution dated 15 April 2025 that the holding company has decided to surrender the NBFC-ICC certificate of Registration to facilitate the conversion of the IFL Finance Limited, subsidiary of India Finsec Limited from HFC to NBFC-ICC. The Holding Company will act as an unregistered Core Investment Company (CIC) upon receipt of approval from RBI for cancellation of its Certificate of Registration (CoR) and the subsidiary company will act as a Non-Banking Financial Company - Investment and Credit Company (NBFC-ICC), as the holding Company meets the eligibility criteria to operate as a unregistered Core Investment Company (CIC).
-
On 8th April 2025, the name of the Subsidiary company has been changed from the IFL Housing Finance Limited to IFL Finance Limited. Further, the Subsidiary Company has been converted into Non-Banking Financial Company (NBFC-ICC) vide Certification of Registration No. N-14.03651 dated 26th June, 2025 issued by the Reserve Bank of India.
AJAY RATTAN & CO.
CA
AJAY RATTAN & CO.
CHARTERED ACCOUNTANTS
- The Statement includes the audited financial statements of one subsidiary company namely IFL Finance Limited (formerly IFL Housing Finance Limited) included in the Statement, whose financial statements reflect total assets of Rs. 58,897.59 Lakhs as at 31 March 2026, total revenue of Rs. 8,570.16 lakhs, total net profit after tax of Rs. 2,162.79 lakhs, Other comprehensive income of Rs. 2.88 lakhs and total comprehensive income of Rs. 2165.67 Lakhs for the year ended 31 March 2026, respectively, and net cash inflow of Rs. 4,498.76 lakhs for the year ended 31 March 2026 as considered in the Statement, whose financial statements have been audited by us.
Our Report is not modified in respect of the above matters.
For Ajay Rattan & Co.,
Chartered Accountants,
Firm Registration No. 012063N
CA. Varun Garg
Partner
Membership No.523588
UDIN: 26523588E ZAKIC2771
Place: New Delhi
Date: 14-05-2026
INDIA FINSEC LIMITED
CIN: L65923DL1994PLC060827
Consolidated Statement of Assets and Liabilities as at March 31, 2026
(Rs. in thousands, except for share data and unless otherwise stated)
| Particulars | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| Audited | Audited | |
| ASSETS | ||
| NON CURRENT ASSETS | ||
| Property, plant and equipment | 22,899.11 | 19,590.33 |
| Right to use Asset | 1,12,322.52 | 86,577.00 |
| Investment Property | 11,278.56 | 11,856.00 |
| Goodwill | 980.09 | 980.09 |
| Other intangible assets | 8,276.38 | 9,747.00 |
| Financial Assets | - | |
| (i) Loans | 5,10,678.00 | 9,25,080.00 |
| (ii) Other financial assets | 6,602.23 | 5,754.32 |
| - | - | |
| Deferred tax assets (net) | 14,832.71 | 15,229.62 |
| Other Non-Current Assets | - | - |
| TOTAL NON CURRENT ASSETS | 6,87,869.60 | 10,74,814.36 |
| CURRENT ASSETS | ||
| Inventories | - | - |
| Financial Assets | ||
| (i) Investments | - | - |
| (ii) Trade Receivables | - | - |
| (iii) Cash and cash equivalents | 5,71,841.86 | 1,20,854.92 |
| (iv) Bank Balance other than Cash and cash equivalents | 25,925.88 | 39,387.50 |
| (v) Loans | 45,96,836.00 | 23,73,080.00 |
| (vi) Other financial assets | 8,959.77 | 15,458.42 |
| Current Tax Assets (net) | 2,934.41 | 3,019.36 |
| Other Current Assets | 8,347.44 | 3,770.96 |
| TOTAL CURRENT ASSETS | 52,14,845.35 | 25,55,571.15 |
| TOTAL ASSETS | 59,02,714.96 | 36,30,385.52 |
| EQUITY AND LIABILITIES | ||
| Equity | ||
| Equity share capital | 2,91,917.15 | 2,91,917.15 |
| Other equity | 10,00,384.07 | 8,46,526.60 |
| Non Controlling Interest | 5,33,440.35 | 4,70,553.93 |
| TOTAL EQUITY | 18,25,741.56 | 16,08,997.68 |
| NON CURRENT LIABILITIES | ||
|---|---|---|
| Financial Liabilities | ||
| (i) Debt Security | 10,85,527.00 | - |
| (ii) Borrowings (other than debt securities) | 14,91,437.00 | 10,84,733.00 |
| (iii) Trade Payables | - | - |
| (A) total outstanding dues of micro enterprises and small enterprises | - | - |
| (B) total outstanding dues of creditors other than micro enterprises and small enterprises | - | - |
| (iv) Lease Liability | 1,27,075.74 | 99,309.00 |
| - | - | |
| Provisions | 8,710.02 | 6,448.50 |
| Deferred Tax liabilities (Net) | - | - |
| Other non-current liabilities | - | - |
| TOTAL NON CURRENT LIABILITIES | 27,12,749.77 | 11,90,490.50 |
| CURRENT LIABILITIES | ||
| Financial Liabilities | ||
| (i) Debt Security | 3,29,900.00 | - |
| (ii) Borrowings (other than debt securities) | 9,75,283.00 | 7,93,229.00 |
| (iii) Trade Payables | - | - |
| (A) total outstanding dues of micro enterprises and small enterprises | 489.00 | 54.00 |
| (B) total outstanding dues of creditors other than micro enterprises and small enterprises | 195.49 | 47.55 |
| (iv) Lease Liability | 1,976.00 | - |
| (v) Other Financial Liabilities | 29,370.64 | - |
| Provisions | 3,351.74 | - |
| Other current liabilities | 5,482.93 | 27,981.79 |
| Current tax liabilities (net) | 18,174.83 | 9,585.00 |
| - | - | |
| TOTAL CURRENT LIABILITIES | 13,64,223.63 | 8,30,897.34 |
| TOTAL LIABILITIES | 59,02,714.96 | 36,30,385.52 |
For and on behalf of Board of Directors of
INDIA FINSEC LIMITED
GOPAL
BANSAL
Digitally signed by
GOPAL BANSAL
Date: 2026.05.14
17:26:25 +05'30"
Gopal Bansal
Managing Director
DIN : 01246420
Date: 14/05/2026
Place: New Delhi
INDIA FINSEC LIMITED
CIN: L65923DL1994PLC060827
STATEMENT OF AUDITED CONSOLIDATION FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 MARCH, 2026
(Rs in Thousands)
| Particulars | Three Months Period Ended | Year Ended | ||||
|---|---|---|---|---|---|---|
| 31.03.2026 | 31.12.2025 | 31.03.2025 | 31.03.2026 | 31.03.2025 | ||
| (Audited) | (Unaudited) | (Audited) | (Audited) | (Audited) | ||
| I | Income | |||||
| (a) | Revenue From Operations: | |||||
| Interest Income | 2,29,075.28 | 2,03,209.79 | 1,73,897.21 | 8,01,770.07 | 6,85,477.47 | |
| fee and commission income | 13,811.31 | 10,300.69 | 4,974.48 | 39,418.50 | 21,315.48 | |
| Other operating income | 1,203.51 | 1,133.53 | 1,587.26 | 4,896.04 | 4,717.26 | |
| Total revenue from operation | 2,44,090.10 | 2,14,644.01 | 1,80,458.94 | 8,46,084.60 | 7,11,510.21 | |
| (b) | Other Income | 10,427.44 | 179.44 | 1,048.39 | 14,686.88 | 7,722.40 |
| Total Income (a+b) | 2,54,517.55 | 2,14,824.44 | 1,81,507.33 | 8,60,771.48 | 7,19,232.61 | |
| II | EXPENSES | |||||
| Impairment of financial asset | 5,191.60 | - | (480.00) | 5,191.60 | - | |
| Employee benefits expenses | 40,089.04 | 40,030.59 | 36,341.92 | 1,50,409.63 | 1,36,253.36 | |
| Finance costs | 1,09,606.64 | 86,822.82 | 66,685.10 | 3,31,971.46 | 2,57,001.93 | |
| Depreciation and amortisation expenses | 9,327.48 | 7,682.30 | 7,139.80 | 30,927.78 | 25,850.72 | |
| Other expenses | 12,997.89 | 10,842.63 | 11,908.35 | 48,425.52 | 60,307.81 | |
| Total expenses | 1,77,212.65 | 1,45,379.33 | 1,21,595.17 | 5,66,925.99 | 4,79,413.81 | |
| III | Profit/(loss) before tax (V-VI) | 77,304.89 | 69,445.11 | 59,912.16 | 2,93,845.49 | 2,39,818.80 |
| IV | Tax expense: | |||||
| (1) Current tax | 21,180.07 | 17,770.60 | 14,361.82 | 75,120.67 | 53,527.00 | |
| (2) Deferred tax | (1,040.87) | (620.74) | (173.28) | 301.39 | 4,549.72 | |
| (3) Income Tax for Earlier Years | - | 1,765.06 | 0.23 | 1,765.06 | 455.23 | |
| V | Total Tax expense | 20,139.20 | 18,914.92 | 14,188.78 | 77,187.12 | 58,531.95 |
| VI | Profit (Loss) after tax | 57,165.69 | 50,530.19 | 45,723.61 | 2,16,658.37 | 1,81,286.84 |
| VII | Other Comprehensive Income | |||||
| A (i) Items that will not be reclassified to profit or loss | 385.00 | - | (181.00) | 385.00 | (181.00) | |
| (ii) Income tax relating to items that will not be re-classified to profit or loss | (97.00) | - | 46.00 | (97.00) | 46.00 | |
| B (i) Items that will be reclassified to profit or loss | - | - | - | - | - | |
| (ii) Income tax relating to items that will be re-classified to profit or loss | - | - | - | - | - | |
| VIII | Total Comprehensive Income for the period(Comprising Profit (Loss) and Other Comprehensive Income for the period) | 57,453.69 | 50,530.19 | 45,588.61 | 2,16,946.37 | 1,81,150.89 |
| IX | Net Profit attributable to | |||||
| Owners of the Company | 39,438.50 | 37,257.45 | 30,655.76 | 1,54,059.95 | 1,19,864.00 | |
| Non-Controlling Interest | 16,087.26 | 15,200.16 | 12,980.51 | 62,886.42 | 61,421.00 | |
| X | Other Comprehensive Income attributable to- | |||||
| XI | Owners of the Company | - | - | (96.00) | - | (96.00) |
| Non-Controlling Interest | - | - | (39.00) | - | (39.00) | |
| XII | Total Comprehensive income attributable to- | |||||
| Owners of the Company | 39,438.50 | 37,257.45 | 30,559.76 | 1,54,059.95 | 1,19,768.00 | |
| Non-Controlling Interest | 16,087.26 | 15,200.16 | 12,941.51 | 62,886.42 | 61,382.00 | |
| XIII | Paid up equity share capital (Face value Rs. 10/- per share) | 2,91,917.15 | 2,91,917.15 | 2,91,917.15 | 2,91,917.15 | 2,91,917.15 |
| XIV | Reserves excluding Revaluation Reserves as per Balance Sheet of previous accounting year | - | - | - | 10,00,384.07 | 8,46,526.60 |
| XV | Earnings per equity share (for continuing operation): | |||||
| (1) Basic | 7.42 | 1.73 | 7.11 | 7.42 | 7.11 | |
| (2) Diluted | 7.42 | 1.73 | 7.11 | 7.42 | 7.11 |
Notes :
(1) The above consolidated financial results have been reviewed by the audit committee and approved by the Board of Directors at their meetings held on 14 May 2026. The statutory auditors of the company have audited the financial results for the quarter and year ended 31 March 2026 in terms of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
(2) The consolidated audited financial results are prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendments Rules, 2016, other Recognized Accounting Practices and Policies to the extent applicable and also in terms of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
(3) The above audited financial results for the quarter and period ended on 31st March, 2026 have been reviewed by the Audit Committee and then approved by the Board of Directors at their meeting held on 14 May, 2026. The Statutory auditors of the company have audited the annual results.
(4) The figures of the previous period/year have been regrouped/rearranged/reclassified, wherever considered necessary to correspond with the current period classification/disclosure.
(5) The holding company has become unregistered CIC (Core Investment Company) during the year before that the company was registered with RBI as NBFC - ICC.
(6) On 8th April 2025, the name of the subsidiary company has been changed from IFL Housing Finance Limited to IFL Finance Limited. The IFL Finance Limited (Formerly known as IFL Housing Finance Limited) had passed the resolution dated 20th May, 2024 for conversion into Non-Banking Financial Company (NBFC-ICC). The subsidiary company has been now converted into Non-Banking Financial Company (NBFC-ICC) vide Certification of Registration No. N-14.03651 dated 26th June, 2025 issued by Reserve Bank of India.
(7) The listed secured Non-Convertible Debentures of the subsidiary company aggregating to Rs. 14,154.27 Lakhs as on March 31, 2026 are fully secured by way of a exclusive charge over the book debts/Receivables hypothecated. Accordingly the security cover as on March 31, 2026 is 1.10 times or more as required under Debenture Trust Deed/Information Memorandum of the amount outstanding of the said Secured Non-Convertible Debentures.
(8) The Subsidiary Company has pursuant to the Board Resolution's approved the offer of redeemable non-convertible debentures of face value INR 10,000 each. The said debentures carrying a fixed interest rate, have been listed on the National Stock Exchange (NSE). Disclosure in respect of above Non-Convertible Debentures issued by the subsidiary company during the year are as follows:
| S.No | ISIN | Date of Debenture Trust Deed | Rate of Interest | Issue Amount (in lakhs) |
|---|---|---|---|---|
| 1 | INE01XO07017 | 18-11-2025 | 12.25% | 1,998.00 |
| 2 | INE01XO07025 | 14-01-2026 | 12.25% | 1,600.00 |
| 3 | INE01XO07033 | 28-01-2026 | 11.75% | 3,000.00 |
| 4 | INE01XO07041 | 23-02-2026 | 11.80% | 4,000.00 |
| 5 | INE01XO07058 | 10-03-2026 | 11.80% | 4,000.00 |
(9) During the period under review, the Subsidiary Company has not undertaken any transfer of loan exposures as per the RBI guidelines on Transfer of Loan Exposures.
(10) There are no material deviations in the use of proceeds of issue of non convertible debt securities from the objects stated in the respective offer documents.
(11) The Information pursuant to regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are given in Annexure A of the subsidiary company.
(12) These Results are also updated on the company's website URL: www.indiafinsec.com.
For and on behalf of Board of Directors of INDIA FINSEC LIMITED
Gopal Bansal
Managing Director
DIN: 01246420
Digitally signed by GOPAL BANSAL
Date: 2026.05.14
17:26:39 +05'30'
Date: 14/05/2026
Place: New Delhi
Annexure - A
| Quarter Ended | Year Ended | Quarter Ended | Year Ended | ||
|---|---|---|---|---|---|
| SNO | Particulars | 31.03.2026 | 31.03.2026 | 31.03.2025 | 31.03.2025 |
| 1 | Debt Equity Ratio | 2.14 | 2.14 | 1.18 | 1.18 |
| 2 | Net Worth (In Lakhs) | 17,991.22 | 17,991.22 | 15,823.55 | 15,823.55 |
| 3 | Net Profit after Tax (In Lakhs) | 550.25 | 2,161.82 | 458.88 | 1,812.74 |
| 4 | Earning Per Share Basic (in Rupee) | 0.80 | 2.55 | 0.67 | 2.65 |
| 5 | Earning Per Share Diluted (in Rupee) | 0.80 | 2.55 | 0.67 | 2.65 |
| 6 | total debts to total assets | 65.91% | 65.91% | 51.90% | 51.90% |
| 7 | Net profit margin percent | 25.55% | 25.55% | 25.43% | 25.49% |
| 8 | Outstanding Debt | 38,821.47 | 38,821.47 | 18,779.62 | 18,779.62 |
| 9 | Stage 3 Loans Assets/Gross Assets | 0.79% | 0.79% | 0.67% | 0.67% |
| 10 | Net Stage 3 Loans Assets/Gross Assets | 0.58% | 0.58% | 0.46% | 0.46% |
| 11 | Provision Coverage Ratio | 27.62% | 27.62% | 31.83% | 31.83% |
| 12 | Capital Adequacy Ratio | 33.97% | 33.97% | 45.67% | 65.77% |
The above information furnished is based on Standalone Financial Results of the Subsidiary Company
Notes:
Debt-Equity Ratio = {Debt securities + Borrowings (other than debt Securities) + Subordinated liabilities} / {Equity share capital + Other equity}
2) Net Worth = Equity share capital + Other equity - Deferred Tax Assets
3) Outstanding Debt = Debt securities + Borrowings (other than debt securities) + Subordinated liabilities
Total debts to total assets = {Debt securities + Borrowings (other than debt securities) + Subordinated liabilities} / Total assets
5) Net profit margin (%) = Net Profit after Tax / Revenue from Operations
Stage III loan assets to Gross loan assets = Stage III loan assets / Gross loan assets (Based on principal amount of loan assets) (As per Ind-AS)
Net Stage III loan assets to Gross loan assets = {Stage III loan assets - Expected credit loss provision for Stage III loan assets} / Gross loan assets (Based on principal amount of Loan assets) (As per Ind-AS)
8) Capital Adequacy Ratio has been computed as per RBI guidelines
Provision Coverage Ratio = Expected credit loss provision for Stage III loan assets / Stage III Loans
9) Assets
INDIA FINSEC LIMITED
CIN: L65923DL1994PLC060827
AUDITED CONSOLIDATION CASH FLOW STATEMENT FOR THE YEAR ENDED ON 31.03.2026
(Rs in Thousands)
| Particulars | For the year ended March 31, 2026 | For the year ended March 31, 2025 | |
|---|---|---|---|
| (I) | Cash flow from Operating Activities | ||
| Profit before tax | 2,93,845.49 | 2,39,818.80 | |
| Adjustments for: | |||
| Impairment Loss on Financial instruments | 24,859.00 | (114.87) | |
| Prior Period Items | (202.48) | 177.00 | |
| Depreciation and amortisation expense | 30,927.78 | 25,850.72 | |
| Re-measurements of Defined Benefit Obligation through OCI | 385.00 | (181.00) | |
| Loss on sale of Asset | 8.65 | - | |
| Dividend not recovered | - | 9.00 | |
| Interest income at amortised cost | - | (6,85,408.18) | |
| Interest income on Fixed Deposit | (3,822.13) | ||
| Fees and Commission Income | - | (21,315.48) | |
| Finance cost at amortised cost | 3,30,549.56 | 2,53,284.89 | |
| Cash inflow from Interest Income | - | 6,43,153.90 | |
| Cash inflow from Fees and Commission Income | - | 30,738.12 | |
| Cash outflow towards finance costs | - | (2,42,344.93) | |
| Income tax of previous year | (1,765.06) | (452.88) | |
| Cash generated from operation before working capital changes | 6,74,785.81 | 2,43,215.09 | |
| Working capital changes: | |||
| (Increase)/ decrease in trade receivables | - | - | |
| (Increase)/ decrease in loans | (18,34,213.00) | (4,96,235.54) | |
| (Increase)/ decrease in Other financial assets | 6,498.65 | (8,162.63) | |
| (Increase)/ decrease in other Non financial assets | (847.91) | 18,517.02 | |
| (Increase)/ decrease in other current assets | (4,576.48) | - | |
| Increase/ (decrease) in Trade Payables | 582.94 | - | |
| Increase/ (decrease) in other financial liabilities | 29,370.64 | 440.74 | |
| Increase/ (decrease) in current liabilities | (22,500.29) | - | |
| Increase/ (decrease) in other non-financial liabilities | - | 542.73 | |
| Increase/ (decrease) in provisions | 5,613.26 | 2,181.50 | |
| Increase/ (decrease) in current tax asset | (66,446.90) | (935.65) | |
| (12,11,733.28) | (2,40,436.74) | ||
| Income Tax paid (Net of refunds) | - | (54,093.00) | |
| Net cash flow from operating activities (I) | (12,11,733.28) | (2,94,529.74) | |
| (II) | Cash flow from Investing Activities | ||
| Increase in Bank Balance other than Cash & Cash Equivalents | 13,461.63 | 50,000.50 | |
| Sale/ (Purchase) of Property, plant & equipment | 101.00 | ||
| Purchase of investments | (58,042.81) | (26,564.14) | |
| Sale of investments | - | 500.00 | |
| Gain on sale of Investment at FVTPL | - | - | |
| Interest Earned on Fixed Deposits | 3,822.13 | 5,879.07 | |
| Net cash flow from investing activities (II) | (40,658.05) | 29,815.44 |
(III) Cash flow from Financing Activities
| Net proceeds from issue of equity share capital | - | 39,800.00 |
|---|---|---|
| Net proceeds from borrowings | 5,88,758.00 | 43,446.49 |
| Net proceeds from issue of Non-convertible Debentures | 14,15,427.00 | - |
| Interest expense on borrowings | (3,19,241.71) | - |
| Share premium | - | 2,97,500.00 |
| Share issue expenses | - | (427.00) |
| Increase in Lease Liability | 55,881.35 | 8,416.76 |
| Interest expense on lease liabilities | (11,307.85) | (8,417.45) |
| Lease Rentals Paid | (26,138.52) | (20,307.42) |
| Net cash flow from financing activities (III) | 17,03,378.27 | 3,60,011.38 |
| Net increase/(decrease) in cash and cash equivalents (I + II + III) | 4,50,986.94 | 95,297.07 |
| --- | --- | --- |
| Cash and Cash Equivalents at the beginning of the year | 1,20,854.92 | 25,557.85 |
| Cash and Cash Equivalents at the end of the year (Note 4a) | 5,71,841.86 | 1,20,854.92 |
For and on behalf of Board of Directors of
INDIA FINSEC LIMITED
GOPAL
BANSAL
Digitally signed by GOPAL
BANSAL
Date: 2026.05.14
17:26:56 +05'30'
Gopal Bansal
Managing Director
DIN: 01246420
Date: 14/05/2026
Place: New Delhi
India Finsec Limited
(L65923DL1994PLC060827)
Annexure-B
Details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
| S.No | Particulars | Details |
|---|---|---|
| 1. | Name of Auditors | Internal Auditor |
| 2. | Reason for change viz. appointment, resignation, removal, death or otherwise | Appointment of M/s Himanshu Sunil & Associates, Chartered Accountants (FRN: 032799N), as Internal Auditor of the Company for the F.Y. 2026-27. |
| 3. | Date of appointment/cessation (as applicable) and term of appointment | 14^{th} May, 2026 |
| 4. | Brief Profile (in case of appointment) | M/s Himanshu Sunil & Associates, Chartered Accountants is a professionally managed chartered accountant firm based in NSP, Delhi. The team includes lawyers, graduates, and experts of different domains working together to provide accounting, taxation, and auditing services to clients. |
| 5. | Disclosure of relationships between directors (in case of appointment of a director) | Not Applicable |
GOPAL
BANSAL
Digitally signed
by GOPAL
BANSAL
Date: 2026.05.14
17:27:12 +05'30'
D-16, First Floor, above ICICI Bank, Prashant Vihar, Sector - 14,
Rohini, New Delhi - 110085
Tel : 011-47096097 • e-mail id : [email protected] • Website : www.indiafinsec.com
India Finsec Limited
(L65923DL1994PLC060827)
Annexure – C
Additional Details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015
| 1. | Name | Ms. Prachi Bansal |
|---|---|---|
| 2. | Reason for appointment | Upon recommendation of the Nomination and Remuneration Committee, the Board of Directors has appointed Ms. Prachi Bansal (ICSI Membership No. A73238) as Company Secretary (KMP) and Compliance Officer of the Company |
| 3 | Date of appointment /cessation (as applicable) & term of appointment | 14^{th} May 2026 |
| Term: NA | ||
| 4. | Brief Profile (in case of Appointment) | Ms. Prachi Bansal is a Qualified Company Secretary and Associate Member of Institute of Company Secretaries of India and completed graduation from University of Delhi. |
| 5. | Disclosure of relationships between Directors | NA |
GOPAL
BANSA
L
Digitally signed
by GOPAL
BANSAL
Date:
2026.05.14
17:27:27 +05'30'
D-16, First Floor, above ICICI Bank, Prashant Vihar, Sector - 14,
Rohini, New Delhi - 110085
Tel : 011-47096097 • e-mail id : [email protected] • Website : www.indiafinsec.com