Laxmi India Finance FY26 Net Profit Rises 38% to ₹4,975.74 Lakh; Board Approves ₹400 Cr NCD Limit

Laxmi India Finance Limited concluded its Board of Directors meeting on Wednesday, May 13, 2026, approving the Audited Financial Results for the quarter and financial year ended March 31, 2026. The meeting, held pursuant to Regulation 30, 33, 51 and 52(4) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, commenced at 02:00 P.M. and concluded at 05:50 P.M. The audited financial results were reviewed and recommended by the Audit Committee and audited by M/s. S.C. Bapna & Associates, Statutory Auditors of the Company, who issued an unmodified opinion.

Financial Performance: FY26 Results

Laxmi India Finance reported strong growth in its financial results for the year ended March 31, 2026. The following table presents the key financial metrics from the Statement of Profit and Loss (₹ in lakhs):

Metric: Q4 FY26 (Unaudited) Q3 FY26 (Unaudited) Q4 FY25 (Unaudited) FY26 (Audited) FY25 (Audited) Interest Income: 8,836.63 7,198.63 7,191.18 29,912.25 23,131.24 Fees and Commission Income: 499.77 395.21 330.94 1,553.04 1,346.34 Total Revenue from Operations: 9,284.45 7,883.23 7,427.11 31,702.72 24,571.26 Total Income: 9,346.42 7,982.40 7,491.83 31,959.01 24,803.77 Finance Costs: 3,625.22 3,403.48 3,166.72 13,734.02 11,462.74 Employee Benefits Expense: 1,916.82 1,978.17 1,409.10 7,250.64 5,402.73 Total Expenses: 6,638.55 6,639.60 5,593.95 25,354.30 20,068.26 Profit Before Tax: 2,707.87 1,342.80 1,897.88 6,604.71 4,735.51 Total Tax Expenses: 656.24 336.58 440.86 1,628.97 1,135.07 Net Profit: 2,051.63 1,006.22 1,457.02 4,975.74 3,600.44 Total Comprehensive Income: 2,057.78 1,003.78 1,451.52 4,967.59 3,591.01 Basic EPS (₹): 4.06 1.90 4.55 10.20 8.78 Diluted EPS (₹): 4.05 1.90 4.55 10.20 8.78

Balance Sheet Highlights

The company's total assets grew significantly as at March 31, 2026. The following table summarises key balance sheet figures (₹ in lakhs):

Particulars: Mar 31, 2026 Mar 31, 2025 Loans: 1,48,009.61 1,12,691.15 Investments: 15,891.27 2,927.41 Total Financial Assets: 1,79,302.17 1,39,294.10 Total Assets: 1,81,777.96 1,41,251.85 Borrowings (Other than Debt Securities): 1,26,778.97 1,10,172.89 Debt Securities: 6,156.10 2,738.55 Total Liabilities: 1,35,230.61 1,15,462.71 Equity Share Capital: 2,613.39 2,090.72 Other Equity: 43,933.96 23,698.42 Total Equity: 46,547.35 25,789.14

Key Financial Ratios and Regulatory Disclosures

Pursuant to Regulation 52(4) of the SEBI LODR, the company disclosed the following key financial metrics for the year ended March 31, 2026:

Parameter: Details Debt Equity Ratio: 2.88 Net Worth (₹ in Lacs): 46,468.58 Net Profit after tax incl. OCI (₹ in Lacs): 4,967.58 Basic EPS (₹): 10.20 Diluted EPS (₹): 10.20 Total Debts to Total Assets: 73.57% Net Profit Margin: 15.54% Gross Stage-3 Assets: 2.13% Net Stage-3 Assets: 1.09% CRAR: 26.12%

The company is categorised under the "Middle Layer" as per the Reserve Bank of India's Master Direction on Scale Based Regulation for Non-Banking Financial Companies. All listed Non-Convertible Debentures of the company are secured by a first and exclusive charge on receivables by way of hypothecation to the extent of a minimum 100% or higher of the amount outstanding. The outstanding amount of listed NCDs as at March 31, 2026 stood at Rs. 61.56 crores (Rs. 12.44 crores against ISIN INE06WU07064 and Rs. 49.12 crores against ISIN INE06WU07072), with the company maintaining an asset cover of 1.10x or higher as required.

IPO Proceeds Utilisation and NCD Issuance

Laxmi India Finance raised equity capital through its Initial Public Offer (IPO), with equity shares listed on NSE and BSE on August 05, 2025. The company issued 16,092,195 equity shares of ₹5 each at a price of ₹158 per share, comprising a fresh issue of 10,453,575 equity shares and 5,638,620 equity shares offered for sale by selling shareholders. The total IPO proceeds (fresh issue) of ₹16,516.64 lakhs have been fully utilised with no deviation or variation reported for the quarter ended March 31, 2026, as confirmed by monitoring agency CARE Ratings Limited. The utilisation details are as follows:

Sr. No.: Object of Issue Amount to be Utilised (Net) (₹ in lakhs) Amount Utilised upto Mar 31, 2026 (₹ in lakhs) Amount Unutilised (₹ in lakhs) 1 Meet future capital requirements towards onward lending 15,158.55 15,158.55 - 2 Estimated IPO Expenses 1,358.09 1,358.09 - Total 16,516.64 16,516.64 -

The board also approved, subject to shareholder approval at the ensuing Annual General Meeting, a limit for issuance of Non-Convertible Debentures (NCDs) on private placement basis for an amount not exceeding Rs. 400,00,00,000/- (Rupees Four Hundred Crores Only) in one or more tranches under Sections 42 and 71 of the Companies Act, 2013, for a period of up to one year from the date of passing of the special resolution.

Loan Transfer and Co-Lending Disclosures

Pursuant to RBI directions on transfer and distribution of credit risk, the company disclosed details of loan assignments and co-lending arrangements for the year ended March 31, 2026. The company transferred loans not in default through assignment, covering 972 loan accounts with a total loan amount of Rs. 4,117.39 lacs, of which the assigned part was Rs. 3,499.78 lacs and the minimum retention requirement (MRR) stood at Rs. 617.61 lacs. The weighted average residual maturity was approximately 54 months and the weighted average holding period was approximately 14 months, with 100% tangible security coverage. Additionally, the company acquired loans through assignment across 4,251 accounts with a total loan amount of Rs. 3,192.93 lacs, of which the acquired portion was Rs. 2,873.65 lacs and MRR was Rs. 319.29 lacs, with a weighted average residual maturity of approximately 28 months.

Regarding stressed loan transfers, the company transferred stressed loans during the year to Asset Reconstruction Companies (NPA category: 544 accounts with aggregate principal outstanding of Rs. 1,505.27 lacs; SMA category: 525 accounts with aggregate principal outstanding of Rs. 1,943.85 lacs). The company also entered into one Co-Lending Arrangement (CLA) during the year with a yearly quantum of Rs. 1,500 lacs, a disbursement ratio of 90% by Laxmi India Finance Limited, an agreed IRR of 15%, and a maximum interest cap of 36% per annum charged from customers, with a default loss guarantee of 5%.

Other Board Decisions and Appointments

The board approved several other key decisions at the meeting. M/s V.M. & Associates, Company Secretaries (FRN: P1984RJ039200), a peer-reviewed firm with over three decades of experience, was appointed as Secretarial Auditors of the company for a first term of five consecutive years commencing from April 01, 2026 to March 31, 2031, subject to shareholder approval at the ensuing AGM. Additionally, the board approved the appointment of Mr. Yogesh Garg as Vice President – HR, forming part of Senior Management Personnel of the company, effective May 13, 2026. Mr. Garg brings over 18 years of experience in Human Resource Management, having previously served at organisations including Altum Credo Home Finance, AU Small Finance Bank, Aavas Financiers Limited, Muthoot Microfin Limited, ICICI Securities Limited, HDFC Life, and Advance Steel Tubes Limited, among others. In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in securities of the company by designated persons and their immediate relatives shall be open after 48 hours of the declaration of the audited financial results. The filing was signed by Sourabh Mishra, Company Secretary and Chief Compliance Officer (M.No.: A51872), on behalf of Laxmi India Finance Limited.

Source: None/Company/INE06WU01026/1d7ae535-7cd4-47cd-bd1c-8acd8c8cbd9f.pdf

Laxmi India Finance Limited has announced the grant of 4,11,857 (Four Lakh Eleven Thousand Eight Hundred and Fifty Seven) stock options to eligible employees under its ESOP Scheme-2023. The grant was approved by the Nomination and Remuneration Committee (NRC) of the Board at its meeting held on Tuesday, May 12, 2026, which commenced at 04:00 P.M. and concluded at 06:00 P.M. The disclosure has been made pursuant to Regulation 30 & 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR), read with Schedule III and other applicable provisions.

Key Details of the Stock Option Grant

The stock options have been granted in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Each stock option is convertible into one equity share of the company, with a face value of Rs. 5/-. The following table summarises the key parameters of the grant as disclosed under Regulation 30 of SEBI LODR:

Parameter: Details Number of Options Granted: 4,11,857 (Four Lakh Eleven Thousand Eight Hundred and Fifty Seven) Scheme Name: ESOP Scheme-2023 Total Equity Shares Covered: 4,11,857 (each option convertible into 1 equity share, face value Rs. 5/-) SEBI Compliance: SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 Options Vested: Not Applicable at this stage Options Exercised: Not Applicable at this stage Subsequent Changes/Cancellation: Not Applicable at this stage Diluted EPS on Exercise: Not Applicable at this stage

Pricing and Exercise Terms

The exercise price per option is determined by the NRC in accordance with the provisions of the Companies Act, 2013 and SEBI SBEB and SE Regulations, and shall not be lower than the face value of the equity shares of the company on the date of grant. The specific exercise price is communicated to each option grantee through a Grant Letter issued at the time of the grant. The exercise period shall not exceed 5 (five) years from the date of respective vesting of options, with the exact exercise period also intimated to the option grantee through the grant letter.

Vesting Schedule and Eligibility Criteria

The options shall not vest earlier than a minimum period of 1 (one) year from the grant date and shall vest over a maximum of 4 (four) years from the grant date, at the discretion of and in the manner prescribed by the NRC, as set out in the grant letters. The appraisal process for determining eligible employees is based on the following criteria:

Loyalty of the employee

Performance of the employee

Performance of the company

Such other criteria as may be determined by the NRC

The ESOP Scheme-2023 is administered by the NRC, and the grant of options is based upon the eligibility criteria as mentioned in the scheme.

Regulatory Disclosure

The disclosure has been made in accordance with Regulation 30 & 51 read with Schedule III of SEBI LODR, Regulation 12 of SEBI SBEB & SE Regulations, 2021, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The disclosure has also been hosted on the company's website at https://lifc.co.in/ . The intimation was signed by Sourabh Mishra, Company Secretary and Chief Compliance Officer (M.No-A51872), on behalf of Laxmi India Finance Limited (formerly known as Laxmi India Finance Private Limited).

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