Optimus Finance Ltd (531254)

Optimus Finance Limited announced board approvals for key governance changes on August 26, 2026. The board appointed M/s. Ambalal M. Shah & Co. as Statutory Auditors to fill a casual vacancy following the resignation of M/s. Shah Mehta and Bakshi, subject to shareholder approval for a 5-year term from FY27 to FY31. Additionally, Mr. Ramesh Kheradia was appointed as an Additional Non-Executive Independent Director for a 5-year term, and Ms. Divya Zalani was re-appointed for a second 5-year term (December 31, 2026 to December 30, 2031). Consequent to these changes, the Audit and Nomination & Remuneration Committees have been reconstituted.

• Appointed M/s. Ambalal M. Shah & Co. as Statutory Auditors to fill casual vacancy and proposed for a 5-year term (FY 2026-27 to FY 2030-31)
• Appointed Mr. Ramesh Kheradia (aged 70, 30+ years corporate law experience) as Additional Independent Director for 5 years effective August 26, 2026
• Re-appointed Ms. Divya Zalani as Independent Director for a 5-year second term effective December 31, 2026 to December 30, 2031
• Reconstituted the Audit Committee and Nomination & Remuneration Committee effective August 26, 2026

Optimus Finance Limited announced the appointment of M/s. Ambalal M. Shah & Co., Chartered Accountants, as Statutory Auditors to fill a casual vacancy arising from the resignation of M/s. Shah Mehta and Bakshi, effective August 26, 2026. The auditor appointment is proposed for a 5-year term from the 35th AGM to the 40th AGM (FY27 to FY31), subject to shareholder approval. Additionally, Mr. Ramesh Kheradia was appointed as an Additional Non-Executive Independent Director, and Ms. Divya Zalani was re-appointed as an Independent Director for a second 5-year term starting December 31, 2026. Audit and NRC committees were also reconstituted accordingly.

• M/s. Ambalal M. Shah & Co. appointed as Statutory Auditor effective August 26, 2026, to fill casual vacancy
• Auditor proposed for a 5-year term spanning FY 2026-27 to FY 2030-31, subject to shareholder approval at 35th AGM
• Mr. Ramesh Kheradia (aged 70) appointed as Additional Non-Executive Independent Director for a 5-year term
• Ms. Divya Zalani re-appointed as Independent Director for a second 5-year term from December 31, 2026 to December 30, 2031

Optimus Finance Limited's Board approved key governance changes, including the appointment of Mr. Ramesh Kheradia as an Additional Non-Executive Independent Director effective August 26, 2026. The Board also re-appointed Ms. Divya Zalani as an Independent Director for a second 5-year term from December 31, 2026, to December 30, 2031. Furthermore, M/s. Ambalal M. Shah & Co. was appointed as Statutory Auditor to fill a casual vacancy following the resignation of M/s. Shah Mehta and Bakshi, with a proposed 5-year term from FY27 to FY31 subject to shareholder approval.

• Appointment of Mr. Ramesh Kheradia (Age 70) as Additional Independent Director effective August 26, 2026
• Re-appointment of Ms. Divya Zalani for a 5-year term from December 31, 2026 to December 30, 2031
• Appointment of M/s. Ambalal M. Shah & Co. as Statutory Auditor to fill casual vacancy from August 26, 2026
• Proposed 5-year tenure for new statutory auditors spanning FY 2026-27 to FY 2030-31

Optimus Finance Limited announced key board and auditor changes following its Board meeting on August 26, 2026. Mr. Ramesh Kheradia (aged 70) has been appointed as an Additional Non-Executive Independent Director for a 5-year term, subject to shareholder approval. Additionally, Ms. Divya Zalani was re-appointed as an Independent Director for a second 5-year term effective December 31, 2026 to December 30, 2031. The board also appointed M/s. Ambalal M. Shah & Co. as Statutory Auditors to fill a casual vacancy arising from the resignation of M/s. Shah Mehta and Bakshi.

• Appointment of Mr. Ramesh Kheradia (age 70) as Additional Non-Executive Independent Director effective August 26, 2026 for a 5-year term
• Re-appointment of Ms. Divya Zalani as Independent Director for a 5-year term from December 31, 2026 to December 30, 2031
• M/s. Ambalal M. Shah & Co. appointed as Statutory Auditors to fill casual vacancy till the 35th AGM and proposed for a 5-year tenure up to the 40th AGM
• Reconstitution of Audit Committee and Nomination & Remuneration Committee effective August 26, 2026

Optimus Finance Limited announced key governance changes following its board meeting on August 26, 2026. The company appointed M/s. Ambalal M. Shah & Co. as Statutory Auditors to fill a casual vacancy caused by the resignation of M/s. Shah Mehta and Bakshi, proposed for a 5-year term from the 35th to 40th AGM. Additionally, Mr. Ramesh Kheradia was appointed as an Additional Independent Director for 5 years, and Ms. Divya Zalani was re-appointed for a second 5-year term ending December 30, 2031. The Audit and Nomination & Remuneration Committees were also reconstituted accordingly.

• Appointed M/s. Ambalal M. Shah & Co. as Statutory Auditor to fill casual vacancy from August 26, 2026, and proposed for 5 consecutive years (FY 2026-27 to FY 2030-31)
• Appointed Mr. Ramesh Kheradia (age 70) as Additional Non-Executive Independent Director for a 5-year term from August 26, 2026
• Re-appointed Ms. Divya Zalani as Non-Executive Independent Director for a second 5-year term from December 31, 2026, to December 30, 2031
• Reconstituted both the Audit Committee and Nomination & Remuneration Committee effective August 26, 2026

Optimus Finance Limited announced that 7,47,23,000 equity shares of the company have been admitted to dealings on the National Stock Exchange of India (NSE) under the 'Permitted to Trade' (PTT) category with effect from August 17, 2026. The stock will trade on the NSE Capital Market segment under the symbol OPTIFIN with a market lot of 1. The company clarified that its shares remain listed only on BSE Limited. This operational change improves secondary market accessibility and liquidity for market participants on NSE.

• NSE permitted 74,723,000 equity shares to trade under the 'Permitted to Trade' (PTT) segment.
• Trading on NSE Capital Market segment effective from August 17, 2026 under symbol OPTIFIN.
• Company shares have a face value of ₹1 per share with a market lot of 1.
• Shares remain listed primarily on BSE Limited (Scrip Code: 531254).

Optimus Finance has announced the resignation of its statutory auditor, M/s. Shah Mehta and Bakshi, effective August 14, 2026. The auditor cited the non-acceptance of their proposal to increase audit fees as the sole reason for resignation, confirming no other material concerns or management limitations. The firm had been appointed on August 13, 2021, and its term was originally slated to end at the 35th AGM in 2026. Prior to exiting, the auditor issued the limited review report for the quarter ended June 30, 2026.

• Resignation of Statutory Auditor M/s. Shah Mehta and Bakshi effective from August 14, 2026
• Reason specified by auditor is non-acceptance of proposal to increase audit fees
• Auditor completed and submitted limited review report for Q1 ending June 30, 2026 on August 14, 2026
• Auditor had served since August 13, 2021, with original tenure ending at the 35th AGM in 2026

Optimus Finance reported a 51.3% YoY growth in consolidated revenue from operations to ₹60.23 Cr (INR 6,022.72 Lakhs) for the quarter ended June 30, 2026, compared to ₹39.81 Cr in the previous year quarter. Consolidated Profit After Tax slipped 10.0% YoY to ₹2.18 Cr (INR 218.24 Lakhs) from ₹2.42 Cr, impacted by higher finance costs and material expenses. Net profit attributable to owners stood at ₹1.31 Cr with an unannualised EPS of ₹0.19. The oil manufacturing and trading segment continues to drive over 99% of consolidated revenues (₹59.91 Cr), while standalone financing activity contributed ₹0.32 Cr.

• Consolidated revenue from operations increased 51.3% YoY to ₹60.23 Cr (INR 6,022.72 Lakhs) from ₹39.81 Cr in Q1 FY26
• Consolidated PAT declined 10.0% YoY to ₹2.18 Cr (INR 218.24 Lakhs) compared to ₹2.42 Cr in Q1 FY26
• Finance costs increased 65.7% YoY to ₹1.52 Cr (INR 152.24 Lakhs) from ₹0.92 Cr in the corresponding quarter
• Oil manufacturing and trading generated ₹59.91 Cr in revenue, while financing/investment generated ₹0.32 Cr

Optimus Finance reported a 51.3% YoY increase in consolidated revenue from operations to ₹6,022.72 Lakhs (₹60.23 Cr) for Q1 ended June 30, 2026, driven by its oil manufacturing and trading subsidiary. Consolidated profit after tax (PAT) declined 10.0% YoY to ₹218.24 Lakhs (₹2.18 Cr), impacted by higher finance costs of ₹152.24 Lakhs compared to ₹91.88 Lakhs in the prior-year period. Net profit attributable to owners stood at ₹131.07 Lakhs with a basic EPS of ₹0.19. The standalone financing business remained small, contributing ₹33.42 Lakhs to revenue and ₹13.77 Lakhs to PAT.

• Consolidated revenue from operations rose 51.3% YoY to ₹6,022.72 Lakhs from ₹3,981.42 Lakhs in Q1 FY26
• Consolidated PAT decreased 10.0% YoY to ₹218.24 Lakhs vs ₹242.43 Lakhs in Q1 FY26
• Finance costs increased 65.7% YoY to ₹152.24 Lakhs from ₹91.88 Lakhs
• Manufacturing and trading in oils generated ₹5,990.60 Lakhs, representing >99% of segment revenue
• Standalone financing revenue stood at ₹33.42 Lakhs with PAT of ₹13.77 Lakhs

Optimus Finance has approved the re-appointment of Mr. Dipak Raval as a Whole Time Director for a five-year term effective from August 10, 2026, to August 9, 2031. Mr. Raval, aged 66, possesses over 40 years of experience in corporate law, banking, and finance, including a prior role as MD & CEO of the Vadodara Stock Exchange. The board has also approved his continuation in office beyond the age of 70, pending shareholder approval. This move ensures leadership continuity for the company, which currently has a market capitalization of Rs 151 Cr and TTM revenue of Rs 190 Cr.

• Re-appointment of Mr. Dipak Raval for a 5-year term starting August 10, 2026
• Appointee brings over 40 years of experience in finance, banking, and corporate law
• Approval granted for continuation in office beyond the age of 70 years
• Company maintains a stable promoter holding of 53.89% as of March 2026
• Optimus Finance reported a TTM PAT of Rs 10 Cr on a revenue of Rs 190 Cr

Optimus Finance Ltd has approved the re-appointment of Mr. Dipak Raval as Whole Time Director for a five-year term effective from August 10, 2026, to August 9, 2031. The appointment includes a provision for his continuation in office beyond the age of 70, which requires shareholder approval. This move aims to maintain leadership stability for the company, which reported a TTM revenue of ₹190 Cr and a PAT of ₹10 Cr. The board meeting was brief, lasting 35 minutes on August 8, 2026.

• Re-appointment of Mr. Dipak Raval as Whole Time Director for a period of 5 years.
• Tenure effective from August 10, 2026, to August 9, 2031.
• Approval includes continuation in office beyond the age of 70 years.
• Board meeting conducted on August 8, 2026, between 12:15 P.M. and 12:50 P.M.

Optimus Finance has scheduled a board meeting for August 14, 2026, to consider and approve its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company enters this reporting period following a FY26 performance that saw revenue reach Rs 190 crore and a net profit of Rs 10 crore. The trading window for insiders, which closed on July 1, 2026, is set to reopen on August 16, 2026. Investors will be monitoring if the company can maintain its quarterly profit run rate, which averaged approximately Rs 2.44 crore over the last four quarters.

• Board meeting scheduled for August 14, 2026, to approve Q1 results.
• Trading window remains closed from July 1, 2026, until August 16, 2026.
• Company reported a net profit of Rs 2.34 crore in the most recent March 2026 quarter.
• TTM revenue stands at Rs 190 crore against a market capitalization of Rs 147 crore.
• Promoter holding has remained stable at 53.89% as of March 2026.