India Finsec Ltd — Updates, 22-05-2025: Company Update

India Finsec Limited has announced a board meeting on the financial results for the quarter and half-year. The Board approved the audited standalone and consolidated financials with unmodified audit opinions from Ajay Rattan & Co. The company appointed M/s Sarita Singh & Associates as Secretarial Auditor and Scrutinizer for postal ballot e-voting, and M/s Himanshu Sunil & Associates as Internal Auditor from FY 2025-26 for five years. Mrs. Purva Mangal has been proposed for reappointment as an Independent Director for five years, subject to shareholder approval. During the year, the company converted warrants into equity shares, raising fresh capital, and increased its stake in subsidiary IFL Finance Limited from 62.72% to 71.01%. The company is transitioning from NBFC-ICC registration to operate as an unregistered Core Investment Company upon RBI approval. Consolidated net profit surged to Rs 18.13 Cr, driven by subsidiary performance, while standalone profitability remained modest. Total assets on consolidated basis increased to Rs 363 Cr, with borrowings at Rs 188 Cr. The financials highlight continued growth and strategic restructuring towards core investments.