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Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
17 announcements match the current filters (relevance ≥ 5).
NDL Ventures Sets Sept 15, 2026 as Record Date for Re 0.50/Share Final Dividend
NDL Ventures Limited has fixed Tuesday, September 15, 2026, as the record date for determining shareholder entitlement to a final dividend of Re. 0.50 per equity share for FY 2025-26. The same record date applies for determining member eligibility for remote e-voting at the company's upcoming 41st Annual General Meeting. Based on the current stock price of Rs 119.7, the dividend represents a yield of approximately 0.42%.
Confidence: HIGH
What changedThe company formalized September 15, 2026, as the record date for final dividend distribution and AGM participation.
Why it mattersConfirms shareholder payout timeline and voting qualification for the 41st AGM.
Dividend per share: Re. 0.50Record date: 15-Sep-2026AGM edition: 41stDividend yield vs share price (Rs 119.7): ~0.42%
📅 Short termThe stock will trade ex-dividend leading into the September 15, 2026 record date.
📈 Long termLimited; company fundamentals and future trajectory remain primarily dependent on regulatory approvals for its merger with Hinduja Leyland Finance.
Key Highlights
Final dividend declared at Re. 0.50 per equity share for FY 2025-26
Record date fixed for Tuesday, September 15, 2026
Record date also establishes e-voting eligibility for the 41st AGM
👀 What to Watch
Track the ex-dividend date ahead of September 15, 2026, and watch for AGM voting outcomes alongside updates on the pending merger with Hinduja Leyland Finance.
NDL Ventures Sets Sep 15, 2026 Record Date for Re 0.50/Share Dividend & 41st AGM
NDL Ventures Limited has announced Tuesday, September 15, 2026, as the record date for determining shareholder eligibility for a final dividend of Re. 0.50 per equity share for FY 2025-26. The same record date will serve as the cut-off for shareholder eligibility to participate via remote e-voting or in-person voting at the 41st Annual General Meeting (AGM). This filing formalizes the entitlement timeline for eligible investors.
Confidence: HIGH
What changedNDL Ventures fixed September 15, 2026 as the record date for its Re. 0.50 per share dividend payout and 41st AGM e-voting rights.
Why it mattersEstablishes clear operational dates for cash dividend distribution and voting participation in corporate resolutions at the upcoming AGM.
Dividend per share: Re. 0.50Record date: September 15, 2026AGM edition: 41st AGM
📅 Short termThe stock will trade ex-dividend around the September 15, 2026 record date.
📈 Long termLimited; routine dividend distribution and AGM procedural disclosure.
Key Highlights
Record date fixed as Tuesday, September 15, 2026
Final dividend of Re. 0.50 per equity share declared for FY 2025-26
Establishes eligibility cut-off for voting at the 41st AGM
👀 What to Watch
Investors seeking entitlement to the Re. 0.50 per share dividend must hold shares before the September 15, 2026 record date; track AGM proceedings for merger-related updates.
NDL Ventures sets Sep 21 AGM; seeks approval for up to ₹250 Cr land sale & ₹0.50 dividend
NDL Ventures Limited has issued the notice for its 41st Annual General Meeting scheduled for September 21, 2026. The company is seeking shareholder approval for a material related-party transaction to sell Bengaluru land (held as inventory) to Hinduja Realty Ventures Limited for up to ₹250 crore. Additionally, the AGM agenda includes approval for a related-party arrangement of up to ₹30 crore with IndusInd Media & Communications Limited and declaration of a ₹0.50 per share (5%) dividend for FY2025-26.
Confidence: HIGH
What changedNDL Ventures formally issued its 41st AGM notice and FY2025-26 Annual Report, proposing key resolutions including a ₹250 crore asset sale.
Why it mattersMonetizing up to ₹250 crore of Bengaluru land inventory represents a significant liquidity event relative to the company's net worth of ₹59 crore and market cap of ₹297 crore (~84% of market cap).
Bengaluru land sale ceiling: ₹250 CroresProposed dividend per share: ₹0.50IMCL RPT value ceiling: ₹30 CroresLand sale vs Market Cap: ~84.2%
📅 Short termShareholders will vote on the proposed dividend and material related-party resolutions at the AGM on September 21, 2026.
📈 Long termSuccessful monetization of non-core land inventory will unlock capital as the company works through its broader strategic transition and merger with Hinduja Leyland Finance.
⚠ Risk flags
- Related-party transaction execution and valuation risk regarding the land sale to promoter entity.
- Requires majority of minority shareholder approval under SEBI listing regulations.
Key Highlights
AGM scheduled for September 21, 2026, via Video Conferencing.
Proposed sale of Bengaluru land inventory to promoter group entity Hinduja Realty Ventures for up to ₹250 crore.
Proposed transactions with IndusInd Media & Communications Limited for up to ₹30 crore.
Recommended final dividend of ₹0.50 per share (5% on face value of ₹10) for FY2025-26.
👀 What to Watch
Track shareholder voting results on the ₹250 crore related-party land sale resolution and execution timelines for real estate cash inflows, alongside ongoing updates regarding the Hinduja Leyland Finance merger.
NCLT Admits Hinduja Leyland Finance Merger Petition; Sets Hearing for September 18, 2026
NDL Ventures has received an interim order dated August 13, 2026, from the NCLT Mumbai Bench admitting its petition for the Scheme of Merger by Absorption of Hinduja Leyland Finance Limited into the company. The Tribunal has directed the issuance of notices to statutory authorities with a 30-day representation window and instructed newspaper publication at least 10 days prior to the next hearing. The matter has been fixed for hearing and final disposal on September 18, 2026.
Confidence: HIGH
What changedNCLT Mumbai admitted the merger petition for absorbing Hinduja Leyland Finance into NDL Ventures and scheduled the final hearing.
Why it mattersThe merger with Hinduja Leyland Finance is the central strategic pivot for NDL Ventures to transition into a large-scale, full-fledged NBFC entity within the Hinduja Group.
Next Hearing Date: September 18, 2026Statutory Representation Window: 30 daysNewspaper Publication Requirement: 10 days before hearingCurrent Market Cap: ₹296 Cr
📅 Short termClear procedural progress toward merger finalization provides positive sentiment, with investor focus directed toward the September 18, 2026 hearing.
📈 Long termIf approved by NCLT and regulatory bodies (including RBI), the absorption of Hinduja Leyland Finance will structurally transform NDL Ventures from a media/venture shell into a sizeable vehicle finance NBFC.
⚠ Risk flags
- Regulatory approval dependencies (NCLT final order and RBI Certificate of Registration)
- Potential objections from statutory authorities during the 30-day notice period
Key Highlights
NCLT Mumbai Bench admitted Company Scheme Petition No. C.P.(CAA)/120/MB/2026 on August 13, 2026
Final disposal and next hearing date scheduled for September 18, 2026
Notices to be issued to statutory authorities under Section 230(5) with a 30-day representation window
Company required to publish hearing notices in two local newspapers at least 10 days before the hearing
👀 What to Watch
Track the upcoming NCLT hearing on September 18, 2026, and watch for any representations or approvals from statutory authorities, including RBI clearance for the NBFC transition.
NDL Ventures Q1 Net Profit at ₹8.88 Lakhs; Merger with Hinduja Leyland Finance Awaits NCLT
NDL Ventures reported a marginal net profit of ₹8.88 lakhs for Q1 FY27, down from ₹24.18 lakhs in the year-ago period. The company currently generates zero revenue from operations, with its total income of ₹1.27 crore coming entirely from 'Other Income'. The core investment thesis remains the pending merger with Hinduja Leyland Finance Limited (HLFL), which received shareholder approval on July 30, 2026, and is now awaiting final NCLT sanction. A dividend record date of September 15, 2026, has been established, contingent on AGM approval.
Confidence: HIGH
What changedThe company has moved closer to its NBFC transition by securing shareholder approval for the HLFL merger and has formalized the dividend payment timeline.
Why it mattersNDL Ventures is currently non-operational at the revenue level; its financial significance lies entirely in its role as the vehicle for the Hinduja Group's consolidation of its vehicle finance business (HLFL).
Q1 Net Profit: ₹8.88 lakhsQ1 Revenue from Operations: ₹0Other Income: ₹126.94 lakhsDividend Record Date: September 15, 2026Paid-up Equity Capital: ₹3,367.17 lakhs
📅 Short termThe stock may see minor activity around the dividend record date, but price action will likely remain muted until NCLT updates regarding the merger are released.
📈 Long termThe long-term outlook is structurally tied to the successful integration of HLFL and the company's ability to scale as a pan-India NBFC.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Regulatory dependency on NCLT and RBI for merger completion
- Zero operational revenue currently
- Material related-party transactions approved for FY2027-28
Key Highlights
Net profit for Q1 FY27 declined to ₹8.88 lakhs compared to ₹24.18 lakhs in Q1 FY26.
Revenue from operations stood at ₹0 for the quarter, reflecting the company's current status as a shell entity awaiting merger completion.
Shareholders approved the Scheme of Merger with Hinduja Leyland Finance Limited on July 30, 2026.
Record date for the FY26 dividend is fixed for September 15, 2026, with the AGM scheduled for September 21, 2026.
Total expenses for the quarter rose to ₹1.15 crore from ₹0.84 crore YoY, primarily driven by other expenses.
👀 What to Watch
Investors should focus on the NCLT timeline for the final merger sanction and the subsequent RBI registration process, as these are the only catalysts for operational revenue generation.
99.99% Shareholder Approval for Merger of Hinduja Leyland Finance into NDL Ventures
NDL Ventures shareholders have overwhelmingly approved the Scheme of Merger by Absorption of Hinduja Leyland Finance Limited (HLFL) in an NCLT-convened meeting held on July 30, 2026. The resolution passed with 99.9995% of votes in favor, marking a critical step in the company's transition from a media-focused entity to a full-scale NBFC. The merger, with an appointed date of April 01, 2026, is expected to pivot the company into the high-volume vehicle finance and credit products market. This structural change is vital as the company currently reports a TTM PAT of Rs -28 Cr and seeks a more sustainable business model.
Confidence: HIGH
What changedShareholders have formally approved the merger with Hinduja Leyland Finance, moving the company a step closer to exiting the media business and entering the financial services sector.
Why it mattersThis is a transformative event for NDL Ventures, as its future growth is 80-90% dependent on this merger to pivot from a loss-making media entity to a large-scale NBFC backed by the Hinduja Group.
Votes in favour: 99.9995%Total votes cast: 63,49,918Appointed date: April 01, 2026Public votes in favour: 63,49,888Market Cap: Rs 321 Cr
📅 Short termThe stock may see positive sentiment as a major procedural hurdle for the transformative merger has been cleared with near-unanimous support.
📈 Long termThe merger will structurally change the company into an NBFC; long-term value depends on the successful integration of HLFL and obtaining the RBI license.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Regulatory dependency on final NCLT order
- Pending RBI Certificate of Registration
- Execution risk during business model transition
Key Highlights
99.9995% of total votes (63,49,888 shares) were cast in favor of the merger resolution.
Only 30 votes were cast against the resolution out of a total 63,49,918 votes polled.
The merger scheme sets an Appointed Date of April 01, 2026, for the absorption of HLFL.
138 public shareholders participated in the voting process, with 100% of their valid votes supporting the merger.
The meeting was attended by 3 promoter group members and 62 public shareholders via video conferencing.
👀 What to Watch
Investors should monitor the final NCLT sanction timeline and the subsequent application to the RBI for the Certificate of Registration (CoR) to operate as an NBFC.
NDL Ventures Shareholders Approve Merger with Hinduja Leyland Finance Limited
Shareholders of NDL Ventures approved the 'Merger by Absorption' of Hinduja Leyland Finance Limited (HLFL) during an NCLT-convened meeting on July 30, 2026. This merger is a critical step in the company's strategic pivot from media and real estate into a full-scale Non-Banking Financial Company (NBFC). The merger has a retrospective appointed date of April 01, 2026. Detailed voting results are expected to be released by August 03, 2026.
Confidence: HIGH
What changedShareholders have formally approved the merger with HLFL, moving the company one step closer to completing its structural transformation into a financial services entity.
Why it mattersThis merger is the primary driver for NDL Ventures' future growth; it allows the company to leverage the Hinduja Group's vehicle finance network and transition away from its current loss-making profile (TTM PAT of Rs -28 Cr).
Appointed Date: April 01, 2026Meeting Date: July 30, 2026Market Cap: Rs 318 CrTTM Revenue: Rs 1045 CrNet Worth: Rs 59 Cr
📅 Short termPositive sentiment is expected as the company clears a major regulatory milestone with shareholder approval for the merger.
📈 Long termIf successfully integrated and licensed by the RBI, the company will transform into a diversified NBFC, fundamentally changing its valuation metrics and revenue scale.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Regulatory dependency on final NCLT and RBI approvals
- Execution risk in transitioning from media/real estate to financial services
Key Highlights
Shareholders approved the merger with Hinduja Leyland Finance Limited (HLFL) on July 30, 2026
The merger scheme sets a retrospective appointed date of April 01, 2026
The meeting was convened following a specific NCLT order dated June 17, 2026
Final voting results to be disclosed within 2 working days of the meeting
Company's pivot to an NBFC model depends on this merger for 80-90% of projected growth
👀 What to Watch
Watch for the final NCLT sanction order and the subsequent application for a Certificate of Registration (CoR) from the RBI, which are the final hurdles for the NBFC transition.
July 30 Meeting Set for NDL Ventures' Merger with Hinduja Leyland Finance
NDL Ventures has scheduled a court-convened meeting on July 30, 2026, to seek shareholder approval for the merger of Hinduja Leyland Finance Limited (HLFL) into the company. This follows a directive from the NCLT Mumbai Bench dated June 17, 2026. The merger is a critical strategic pivot intended to transform NDL Ventures from a media-focused entity into a full-scale NBFC. Shareholders as of the June 26, 2026 record date are eligible to participate in the e-voting process starting July 27, 2026.
Confidence: HIGH
What changedThe company has moved from the planning stage to the formal shareholder approval stage for its merger with Hinduja Leyland Finance, as mandated by the NCLT.
Why it mattersThis merger is the cornerstone of NDL's strategy to pivot into the financial services sector; failure to complete this could impact projected growth by 80-90% as the current media business remains loss-making (TTM PAT of -₹28 Cr).
Meeting Date: July 30, 2026Cut-off Date: July 23, 2026TTM Revenue: ₹1045 CrNet Worth: ₹59 CrTTM PAT: ₹-28 Cr
📅 Short termThe stock may see volatility leading up to the July 30 meeting as investors weigh the likelihood of a successful merger and the subsequent business transformation.
📈 Long termIf successful, the merger will structurally change the company into a diversified NBFC leveraging the Hinduja Group ecosystem, moving away from its current low-margin media operations.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Regulatory dependency on RBI for NBFC license
- NCLT final approval pending
- Execution risk in transitioning business models
Key Highlights
Court-convened meeting of equity shareholders scheduled for July 30, 2026, at 12:00 PM IST.
Remote e-voting period set from July 27, 2026 (9:00 AM) to July 29, 2026 (5:00 PM).
Cut-off date for determining shareholder eligibility for voting is July 23, 2026.
The merger involves the absorption of Hinduja Leyland Finance Limited (HLFL) into NDL Ventures Limited.
NCLT Mumbai Bench issued the order for this meeting on June 17, 2026.
👀 What to Watch
Investors should monitor the voting results post-July 30 and subsequent regulatory approvals from the RBI for the Certificate of Registration (CoR) to operate as an NBFC.
July 30, 2026: NDL Ventures Sets Shareholder Meeting for Hinduja Leyland Finance Merger
NDL Ventures has scheduled an NCLT-directed meeting for its equity shareholders on July 30, 2026, to vote on the proposed merger with Hinduja Leyland Finance Limited (HLFL). This follows the NCLT Mumbai Bench order dated June 17, 2026. Notably, the company has settled all dues with its three unsecured creditors, receiving no-due certificates and thus cancelling the need for a separate creditors' meeting. This merger is the primary vehicle for NDL's transition from a media-focused entity into a full-scale NBFC.
Confidence: HIGH
What changedThe company has transitioned from receiving the NCLT order to setting a definitive date for shareholder approval while simplifying the process by settling all unsecured creditor claims.
Why it mattersThis merger is a total business pivot; NDL's current media operations are loss-making (TTM PAT of ₹-28 Cr), and the company estimates 80-90% of its future growth depends on successfully becoming an NBFC through this HLFL absorption.
Shareholder Meeting Date: July 30, 2026Unsecured Creditors Settled: 3TTM Revenue: ₹1045 CrCurrent Net Worth: ₹59 CrNCLT Order Date: June 17, 2026
📅 Short termThe stock may see positive sentiment as the merger process moves into the formal approval stage with shareholders.
📈 Long termThe long-term value depends entirely on the successful integration of HLFL and the company's ability to scale as a Hinduja Group-backed NBFC.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Regulatory dependency on RBI for NBFC license
- Execution risk during business model pivot
- NCLT final approval pending
Key Highlights
Equity shareholders meeting scheduled for July 30, 2026, via Video Conferencing.
Settled dues for all 3 unsecured creditors, eliminating the requirement for a creditors' meeting.
NCLT Mumbai Bench order for the merger process was passed on June 17, 2026.
The merger involves the absorption of Hinduja Leyland Finance Limited (HLFL) into NDL Ventures.
Company currently has a net worth of ₹59 Cr, which will be significantly altered post-merger.
👀 What to Watch
Monitor the voting results of the July 30 shareholder meeting and subsequent regulatory filings regarding the RBI Certificate of Registration (CoR) for the NBFC business.
NDL Ventures Receives NCLT Order to Convene Meetings for Hinduja Leyland Finance Merger
NDL Ventures Limited has received an order from the NCLT Mumbai Bench dated June 17, 2026, to convene meetings of its equity shareholders and unsecured creditors. This procedural step is essential for the proposed Scheme of Merger by Absorption of Hinduja Leyland Finance Limited into NDL Ventures. The company previously received 'No Observation' letters from BSE and NSE on May 20, 2026, indicating regulatory progress. This merger is expected to significantly transform the company's business profile and asset base.
Key Highlights
NCLT Mumbai Bench issued the order on June 17, 2026, directing the convening of meetings for shareholders and creditors.
The merger involves the absorption of Hinduja Leyland Finance Limited (Transferor) into NDL Ventures Limited (Transferee).
The order follows the receipt of 'No Observation' letters from BSE and NSE dated May 20, 2026.
Meetings will be held under Sections 230 to 232 of the Companies Act, 2013, to approve the Scheme of Merger.
👀 What to Watch
Investors should closely monitor the announcement of specific meeting dates and review the merger ratio and valuation reports once shared. This merger with a major finance entity is a significant value-unlocking event for NDL Ventures shareholders.
NDL Ventures Gets NSE/BSE No-Objection for Merger with Hinduja Leyland Finance
NDL Ventures Limited has reached a key regulatory milestone by receiving 'No-objection' letters from both BSE and NSE for its proposed merger with Hinduja Leyland Finance Limited (HLFL). This follows the initial board approval in November 2025 and allows the company to proceed with the next stages of the merger process. The transaction is now subject to approval from the National Company Law Tribunal (NCLT) and the company's shareholders. Notably, the scheme requires a 'majority of minority' approval, meaning public votes in favor must exceed those against.
Key Highlights
Received 'No-objection' letters from BSE and NSE on May 18 and May 19, 2026, respectively.
The merger involves the absorption of Hinduja Leyland Finance Limited into NDL Ventures Limited.
The observation letters are valid for a period of six months from the date of issuance.
Mandatory 'majority of minority' voting required where public votes in favor must outweigh votes against.
Company must provide detailed disclosures on promoter shareholding changes and revenue impact in the shareholder notice.
👀 What to Watch
Investors should review the upcoming explanatory statement for details on the swap ratio and the impact on promoter shareholding. This merger will fundamentally change NDL Ventures' business profile by integrating a large-scale finance entity.
NDL Ventures Re-appoints Munesh Khanna as Independent Director for 5-Year Term
NDL Ventures has approved the re-appointment of Mr. Munesh Narinder Khanna as a Non-Executive Independent Director for a second five-year term, effective from May 13, 2026, to May 12, 2031. Mr. Khanna is a highly experienced professional and a rank-holder Chartered Accountant who has previously served as Country Head for NM Rothschild, DSP Merrill Lynch, and PwC. His extensive background in corporate finance and business restructuring is expected to continue providing strong oversight to the company. The re-appointment is subject to shareholder approval through a postal ballot.
Key Highlights
Re-appointed for a second 5-year term starting May 13, 2026, until May 12, 2031.
Mr. Khanna is a rank-holder Chartered Accountant with over 35 years of experience in finance and strategy.
Former leadership roles include Country Head positions at NM Rothschild, DSP Merrill Lynch, and PwC.
Currently serves on the boards of JSW Energy, Gulf Oil Lubricants, and Hinduja Global Solutions.
The appointment is subject to shareholder approval via postal ballot as per SEBI regulations.
👀 What to Watch
Investors should view this as a positive sign of governance continuity and board quality. No immediate action is required as this represents a routine re-appointment of a high-caliber director.
NDL Ventures Recommends ₹0.50 Dividend; FY26 Net Profit Rises 54% to ₹91 Lakhs
NDL Ventures has recommended a final dividend of ₹0.50 per share (5% of face value) for the financial year ended March 31, 2026. The company reported a strong 54% year-on-year growth in net profit, reaching ₹91.03 lakhs despite a marginal decline in total annual income to ₹489.37 lakhs. Profitability was bolstered by a reduction in total expenses, which fell from ₹390.46 lakhs to ₹367.05 lakhs. For the fourth quarter, the company maintained steady performance with a net profit of ₹15.17 lakhs.
Key Highlights
Recommended a final dividend of ₹0.50 per equity share for FY 2025-26.
Annual Net Profit grew 54.1% YoY to ₹91.03 lakhs from ₹59.08 lakhs.
Earnings Per Share (EPS) increased to ₹0.27 in FY26 from ₹0.18 in FY25.
Total annual expenses decreased by 6% to ₹367.05 lakhs through better cost management.
Q4 FY26 revenue from operations rose to ₹126.85 lakhs compared to ₹113.61 lakhs in Q4 FY25.
👀 What to Watch
Investors may view the dividend and profit growth positively, though the absolute scale of operations remains small. Monitor the company's ability to scale its revenue base beyond the current levels.
NDL Ventures FY26 Net Profit Rises 54% to ₹91 Lakhs; Recommends ₹0.50 Dividend
NDL Ventures reported a strong 54% year-on-year growth in net profit for FY26, reaching ₹91.03 lakhs despite a marginal decline in total revenue to ₹489.37 lakhs. The company successfully reduced its total expenses from ₹390.46 lakhs to ₹367.05 lakhs, driving the bottom-line improvement. For the fourth quarter, net profit stood at ₹15.17 lakhs, showing a slight increase over the previous year's ₹14.00 lakhs. Additionally, the Board has recommended a final dividend of ₹0.50 per share for the fiscal year.
Key Highlights
Full-year net profit increased by 54.1% to ₹91.03 lakhs from ₹59.08 lakhs in FY25.
Recommended a final dividend of ₹0.50 per equity share (5% of face value).
Total annual expenses decreased by 6% to ₹367.05 lakhs through operational efficiencies.
Earnings Per Share (EPS) improved to ₹0.27 for FY26 from ₹0.18 in the previous year.
The company maintained an unmodified audit opinion for the financial year ended March 31, 2026.
👀 What to Watch
Investors should monitor the company's ability to scale revenue, as current profit growth is primarily driven by cost control. The dividend recommendation provides a small yield, reflecting a stable but cautious outlook.
NDL Ventures Receives CCI Approval for Merger with Hinduja Leyland Finance
NDL Ventures Limited has received a critical regulatory approval from the Competition Commission of India (CCI) for its proposed merger with Hinduja Leyland Finance Limited. The approval, granted on February 17, 2026, follows the initial board approval of the scheme on November 25, 2025. This merger aims to absorb the finance entity into NDL Ventures, significantly altering the company's business profile. While this is a major milestone, the scheme remains subject to further approvals from SEBI, Stock Exchanges, and the National Company Law Tribunal (NCLT).
Key Highlights
CCI granted approval under Section 31(1) of the Competition Act, 2002, on February 17, 2026.
The merger involves the absorption of Hinduja Leyland Finance Limited into NDL Ventures Limited.
The Board of Directors had previously approved the scheme on November 25, 2025.
The transaction still requires final clearance from SEBI, Stock Exchanges, and the NCLT.
👀 What to Watch
Investors should maintain a positive outlook as a major regulatory hurdle has been cleared for the merger. Monitor the timeline for NCLT approval which will be the final step in the consolidation process.
NDL Ventures Clarifies Q2 FY26 Filing Discrepancies; Reports Net Profit of ₹28.35 Lakh
NDL Ventures Limited has provided clarifications to the NSE regarding technical discrepancies in its Q2 FY26 financial filings, including machine-readability and segment reporting. The company reported a net profit of ₹28.35 lakh for the quarter ended September 30, 2025, up from ₹20.92 lakh in the corresponding quarter of the previous year. Total income for the quarter stood at ₹120.15 lakh, while the company maintains a single business segment in 'Other Financial Services'. A key ongoing development is the proposed merger with Hinduja Leyland Finance Limited, which has received a No Objection Certificate from the RBI.
Key Highlights
Net Profit for Q2 FY26 increased to ₹28.35 lakh compared to ₹20.92 lakh in Q2 FY25.
Total Income for the quarter was ₹120.15 lakh, a slight decrease from ₹124.23 lakh YoY.
Company confirmed it operates as a single segment entity under 'Other Financial Services'.
RBI has granted a No Objection Certificate (NOC) for the merger of Hinduja Leyland Finance Limited into the company.
Cash and bank balances as of September 30, 2025, stood at ₹506.67 lakh.
👀 What to Watch
Investors should focus on the progress of the Hinduja Leyland Finance merger as it is the primary catalyst for the company's future valuation. The current standalone financials are relatively small and the regulatory clarifications are procedural in nature.
NDL Ventures Q3 Net Profit Surges 254% YoY to ₹23.32 Lakhs; Merger with HLFL Progressing
NDL Ventures reported a strong year-on-year performance for the quarter ended December 31, 2025, with net profit rising to ₹23.32 lakhs from ₹6.59 lakhs in the previous year. Total income saw a steady increase to ₹126.08 lakhs compared to ₹116.70 lakhs in the same quarter last year. For the nine-month period, the company's profit reached ₹75.85 lakhs, a 68% increase over the previous year's ₹45.09 lakhs. A critical update for investors is the ongoing merger with Hinduja Leyland Finance Limited (HLFL), which has already received an RBI No Objection Certificate and is awaiting NCLT approval.
Key Highlights
Net Profit for Q3 FY26 grew 254% YoY to ₹23.32 lakhs.
Total Income for the quarter increased to ₹126.08 lakhs from ₹116.70 lakhs YoY.
Nine-month (9M FY26) net profit stands at ₹75.85 lakhs, up from ₹45.09 lakhs in 9M FY25.
The company has filed the draft 'Scheme of Merger by Absorption' of Hinduja Leyland Finance Limited with stock exchanges.
Earnings Per Share (EPS) for the quarter improved to ₹0.07 from ₹0.02 in the corresponding quarter last year.
👀 What to Watch
Investors should focus on the regulatory progress of the merger with Hinduja Leyland Finance, as this transaction will significantly transform the company's balance sheet and business operations. The standalone financial growth is positive but the merger remains the primary value driver.
