🔍

Minolta Finance Ltd (532164)

📊 BSE: 532164 🏢 Non Banking Financial Company (NBFC) 📢 Latest filing: 13 Oct 2026

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Minolta Finance's net interest income was ₹0.8 Cr (+108.6% year on year, -33.8% on the previous quarter), and net profit ₹0.5 Cr (+212.1% year on year).

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Net interest income	₹0.8	+108.6%	-33.8%
Operating profit	₹0.5	—	—
Net profit	₹0.5	+212.1%	from loss
EPS (₹)	0.05	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Minolta Finance to Form Housing Subsidiary with ₹10 Lakh Capital; Approves Promoter Reclassifications

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 13 Oct 2026, 05:16 PM

Minolta Finance Limited announced board approval to incorporate a 100% wholly-owned subsidiary named 'Wagad Housing Finance Private Limited' with an authorized share capital of ₹10,00,000. Additionally, the board approved requests from two promoter shareholders, Rajiv S. Kothari (holding 30,000 shares or ~0.03%) and Malti S. Kothari (holding 15,000 shares or ~0.015%), to be reclassified to the public category under Regulation 31A. The reclassification and incorporation are subject to necessary regulatory and stock exchange approvals.

Approved incorporation of 100% wholly-owned subsidiary Wagad Housing Finance Private Limited
Authorised share capital of proposed subsidiary is ₹10,00,000
Rajiv S. Kothari requested reclassification of 30,000 equity shares (~0.03% stake) to public category
Malti S. Kothari requested reclassification of 15,000 equity shares (~0.015% stake) to public category

💡 Track statutory approvals and registration progress for the proposed housing finance entity, as well as formal stock exchange clearance for the promoter reclassification.

Minolta Finance Boards to Weigh Housing Finance WOS & Promoter Reclassification on Oct 13

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 08 Oct 2026, 05:47 PM

Minolta Finance Ltd has scheduled a Board of Directors meeting on October 13, 2026. The board will consider incorporating a 100% wholly-owned subsidiary named Wagad Housing Finance Private Limited with an authorised share capital of ₹10,00,000. Additionally, the board will evaluate requests for reclassification of certain promoter group members to the public category under SEBI Regulation 31A. The company currently has an extremely low promoter holding of 3.6% and a net worth of ₹9 Cr.

Board meeting scheduled for Tuesday, October 13, 2026
Proposal to incorporate 100% wholly-owned subsidiary Wagad Housing Finance Private Limited
Authorised share capital of proposed subsidiary is ₹10,00,000
Board to consider promoter reclassification request under SEBI LODR Regulation 31A

💡 Track the outcome of the October 13 board meeting to see the details of promoters seeking reclassification and the business scope and funding plans for the new housing finance subsidiary.

Minolta Finance 34th AGM Approves Name Change to Wagad Finance, Shifts Office to Maharashtra

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 30 Sep 2026, 07:25 PM

Minolta Finance concluded its 34th Annual General Meeting on September 30, 2026. Shareholders considered key special resolutions including renaming the company to 'Wagad Finance Limited' and shifting the registered office from West Bengal to Maharashtra. The company also placed approvals for key leadership changes, including the appointment of Ms. Forum Gada as Managing Director and re-designation of Mrs. Kunjal Gala as Executive Director. Voting results are scheduled to be disclosed within two working days.

34th AGM held via VC on September 30, 2026, commencing at 11:00 a.m. and concluding at 11:55 a.m.
Special resolution proposed to rename the company to Wagad Finance Limited
Special resolution proposed to shift registered office from West Bengal to Maharashtra
Appointments proposed for Ms. Forum Gada as Managing Director and Mrs. Kunjal Gala as Executive Director
E-voting results to be declared within 2 working days

💡 Track the final scrutinizer report and voting results on BSE to verify approval of the name change and MD appointment.

BSE Approves Trading of 40 Cr Rights Equity Shares Effective Sept 1, 2026

🟡 NEUTRAL ⭐ 7/10

FUNDRAISE 📅 31 Aug 2026, 06:06 PM

Minolta Finance Ltd has received trading approval from BSE Limited for 40,00,00,000 (40 crore) equity shares issued pursuant to its Rights Issue. The shares, having a face value of Re 1 each, were issued at a premium of Re 0.20 (issue price of Rs 1.20 per share), amounting to an aggregate fundraise of Rs 48 crore. The newly issued shares are listed and eligible for trading on the exchange effective September 1, 2026.

Trading approval received for 40,00,00,000 equity shares issued via Rights Issue
Shares issued at Re 1 face value plus a premium of Re 0.20 (Issue Price: Rs 1.20 per share)
Total capital raised via the rights issue stands at Rs 48 crore
Trading effective on BSE starting Tuesday, September 1, 2026

💡 Track the deployment of the Rs 48 crore rights issue proceeds in upcoming quarterly filings to assess whether it aids business growth and turns around the TTM net loss of Rs 3 crore.

Minolta Finance Allots 40 Cr Rights Shares at ₹1.20 (₹48 Cr) & Appoints New Company Secretary

🟡 NEUTRAL ⭐ 7/10

FUNDRAISE 📅 24 Aug 2026, 07:17 PM

Minolta Finance Ltd's Board approved the allotment of 40,00,00,000 fully paid-up Rights Equity shares of face value ₹1 each at ₹1.20 per share (including a premium of ₹0.20), totaling ₹48 crore. The company will apply to stock exchanges for listing and trading approvals for the newly allotted shares. Additionally, the Board accepted the resignation of Company Secretary & Compliance Officer Mrs. Shefali Gupta effective August 31, 2026, and appointed Mr. Gaurav Khandelwal in her place starting September 1, 2026.

Allotted 40,00,00,000 Rights Equity shares of face value ₹1 each at an issue price of ₹1.20 per share.
Total capital raised via the rights issue stands at ₹48 crore (~26.4% of current market cap of ₹182 crore).
Application being submitted for listing and trading approval on the stock exchanges.
Outgoing CS & Compliance Officer Shefali Gupta steps down effective August 31, 2026; Gaurav Khandelwal appointed w.e.f. September 1, 2026.

💡 Track receipt of listing and trading approvals for the 40 crore new rights shares, and monitor how the ₹48 crore proceeds are deployed to improve operating scale and profitability.

Allots 40 Cr Rights Shares at Rs 1.20 Each (Raising Rs 48 Cr); Appoints New CS

🟢 POSITIVE ⭐ 9/10

FUNDRAISE 📅 24 Aug 2026, 07:12 PM

Minolta Finance approved the allotment of 40,00,00,000 (40 crore) fully paid-up equity shares under its Rights Issue at a price of Rs 1.20 per share (face value Re 1 plus Rs 0.20 premium), raising Rs 48 crore. This fundraise represents ~26.4% of the company's current market cap of Rs 182 crore and significantly expands its net worth of Rs 9 crore. The board has also submitted listing and trading applications to stock exchanges and approved the appointment of Mr. Gaurav Khandelwal as Company Secretary, succeeding Mrs. Shefali Gupta.

Allotted 40,00,00,000 fully paid-up equity shares via rights issue
Issue price set at Rs 1.20 per share (face value Re 1 + premium Rs 0.20), raising Rs 48 crore
Approved applications for listing and trading approval on stock exchanges
Appointed Mr. Gaurav Khandelwal as CS & Compliance Officer effective September 01, 2026

💡 Track receipt of listing and trading approvals from the stock exchanges for the new shares, along with management's deployment of the Rs 48 crore capital in upcoming quarterly results.

Minolta Finance Allots 40 Cr Rights Shares at ₹1.20/Share, Raising ₹48 Cr

🟡 NEUTRAL ⭐ 9/10

FUNDRAISE 📅 24 Aug 2026, 07:05 PM

Minolta Finance Ltd approved the allotment of 40,00,00,000 fully paid-up equity shares of face value ₹1 each at an issue price of ₹1.20 per share (including a premium of ₹0.20 per share) via its rights issue. The fundraise aggregates to ₹48 crore, representing over 5x the company's current net worth of ₹9 crore and ~26% of its market cap (₹182 crore). The board also approved applying for listing and trading approvals for the newly allotted shares. Separately, Mrs. Shefali Gupta resigned as Company Secretary effective August 31, 2026, and Mr. Gaurav Khandelwal was appointed to the role effective September 1, 2026.

Allotted 40,00,00,000 equity shares of face value ₹1 at an issue price of ₹1.20 per share
Total rights issue size aggregates to ₹48.00 crore
Proceeds represent ~533% of existing net worth (₹9 crore) and ~26% of market cap (₹182 crore)
Resignation of CS Shefali Gupta effective August 31, 2026; appointment of CS Gaurav Khandelwal effective September 1, 2026

💡 Track the receipt of final listing and trading approvals from BSE/CSE for the 40 crore new shares, and observe subsequent quarterly disclosures on the deployment of the ₹48 crore proceeds.

Bobros Consultancy sells 0.26% stake (2.63 lakh shares) in Minolta Finance via market sale

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 17 Aug 2026, 02:50 PM

Non-promoter entity Bobros Consultancy Services Private Limited sold 2,62,670 equity shares (0.26% stake) of Minolta Finance Ltd through an open market transaction on August 13, 2026. Following the sale, Bobros Consultancy's stake reduced from 7.92% (79,19,373 shares) to 7.66% (76,56,703 shares). The company's total voting capital remains unchanged at 10,00,00,000 equity shares.

Sold 2,62,670 equity shares (0.26% stake) via market sale on August 13, 2026
Shareholding decreased from 79,19,373 shares (7.92%) to 76,56,703 shares (7.66%)
Acquirer/Seller is classified as a non-promoter entity
Target company's total equity base stands at 10,00,00,000 shares

💡 Track ongoing SAST filings to observe whether major non-promoter shareholders continue trimming stakes in the open market.

Minolta Finance Proposes Name Change to Wagad Finance and HQ Shift to Mumbai

🟡 NEUTRAL ⭐ 4/10

BOARD_MEETING 📅 11 Aug 2026, 04:07 PM

Minolta Finance's board has approved the unaudited financial results for the quarter ended June 30, 2026. The company is proposing a significant rebranding to 'Wagad Finance Limited' and plans to shift its registered office from Kolkata to Mumbai, subject to shareholder approval. These administrative and structural changes occur while the company faces financial pressure, with a TTM PAT of Rs -3 Cr and a very low promoter holding of 3.59%. Additionally, M/s. CGCA & Associates has been appointed as the new Tax Auditor and Consultant.

Board approved unaudited financial results for the quarter ended June 30, 2026
Proposed name change to 'Wagad Finance Limited' pending MCA and shareholder approval
Plan to relocate registered office from West Bengal to Mumbai, Maharashtra
Appointment of M/s. CGCA & Associates as Tax Auditors effective August 11, 2026
Promoter holding remains low at 3.59% as of June 2026

💡 Investors should review the detailed Q1 FY27 results to check for improvements in the TTM loss of Rs -3 Cr. The relocation to Mumbai and rebranding should be monitored for any subsequent changes in business strategy or management.

Q1 Net Profit of ₹0.47 Cr; Auditor flags ₹2.94 Cr overstatement and ransomware data loss

🔴 NEGATIVE ⭐ 9/10

EARNINGS 📅 11 Aug 2026, 04:02 PM

Minolta Finance reported Q1 FY27 revenue of ₹4.91 Cr, a significant increase from ₹2.06 Cr in the prior year's quarter. However, the statutory auditor has qualified the results, stating that the reported net profit of ₹0.47 Cr is overstated by ₹2.94 Cr due to the improper inclusion of post-quarter recoveries in credit loss provisions. Most critically, the company disclosed a ransomware attack on July 3, 2026, which compromised all financial data and backups. Additional concerns include missing documentation for ₹62.87 lakhs in investments and unquantified interest expenses due to missing loan records.

Reported net profit of ₹0.47 Cr is overstated by ₹2.94 Cr according to auditor qualifications regarding ECL provisions
Ransomware attack on July 3, 2026, resulted in the loss of all financial data and backups with no recovery to date
Ownership documents are missing for quoted and unquoted investments totaling ₹62.87 lakhs
Debt assignment of ₹6.18 Cr to Radiant Financial Services lacks board ratification and supporting assignment letters
Revenue from operations grew 138% YoY to ₹4.91 Cr compared to ₹2.06 Cr in Q1 FY26

💡 Investors should exercise extreme caution as the auditor's report suggests the company is actually in a deep loss position despite the reported profit. Monitor for any updates regarding the recovery of financial data and the pending RBI approval for management changes filed in March 2026.

Minolta Finance Reports Rs 0.47 Cr Q1 Profit; Auditor Flags Rs 2.94 Cr Overstatement & Cyber Attack

🔴 NEGATIVE ⭐ 8/10

BOARD_MEETING 📅 11 Aug 2026, 03:53 PM

Minolta Finance reported a Q1 FY27 net profit of Rs 0.47 Cr, but the statutory auditor has qualified the report, stating profit is overstated by Rs 2.94 Cr due to improper accounting of recoveries. The company disclosed a severe ransomware attack on July 3, 2026, which compromised all financial data and backups, leaving the company unable to recover them. Additionally, the auditor noted missing documentation for investments worth Rs 62.87 lakhs and missing loan documents for interest calculations. The board has also approved a name change to 'Wagad Finance Limited' and a relocation of the registered office to Mumbai.

Auditor identified a Rs 2.94 Cr overstatement of profit due to premature recognition of recoveries from Radiant Financial Services.
Ransomware attack on July 3, 2026, resulted in the loss of all financial data and backups, which the company could not recover.
Ownership documents are missing for quoted and unquoted investments totaling Rs 62.87 lakhs.
RBI approval for the management change that occurred between 2024-2026 is still awaited as of August 2026.
Proposed shifting of the registered office from West Bengal to Mumbai and name change to Wagad Finance Limited.

💡 Investors should exercise extreme caution as the auditor's inability to verify financial data due to a cyberattack and missing documents renders the reported results unreliable. Monitor the RBI's decision on the management change and the company's ability to reconstruct its financial records.

Minolta Finance Ltd Postpones Board Meeting for Q1 Results to August 11, 2026

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 10 Aug 2026, 04:38 PM

Minolta Finance Ltd has announced a second postponement of its board meeting to approve the unaudited financial results for the quarter ended June 30, 2026. The meeting, originally scheduled for August 7 and then rescheduled to August 10, is now set for August 11, 2026. The company cited 'unforeseen and unavoidable circumstances' for this one-day delay. This occurs as the company, a micro-cap NBFC with a market cap of Rs 60 Cr, reported a TTM net loss of Rs 3 Cr.

Board meeting rescheduled for the second time to August 11, 2026
Original meeting date was August 7, 2026, followed by a shift to August 10, 2026
Meeting purpose is to approve unaudited financial results for the quarter ended June 30, 2026
Trading window remains closed until 48 hours after the results declaration

💡 Investors should monitor the exchange filings on August 11, 2026, for the Q1 financial results to assess the company's operational recovery given its TTM loss of Rs 3 Cr.

Minolta Finance revises ₹48 Cr Rights Issue schedule; closing extended to August 20, 2026

🟡 NEUTRAL ⭐ 6/10

FUNDRAISE 📅 10 Aug 2026, 04:31 PM

Minolta Finance has extended the timeline for its ₹48 crore Rights Issue, moving the closing date from August 17 to August 20, 2026. The issue involves 40 crore shares priced at ₹1.20 each, which is a massive capital infusion representing approximately 80% of the company's current market capitalization of ₹60 crore. The last date for on-market renunciation of rights entitlements has also been pushed to August 14, 2026. This fundraise is highly significant for the company, as the total amount is over 5 times its current net worth of ₹9 crore.

Rights Issue size of up to 40,00,00,000 shares at ₹1.20 per share
Total fundraise amount aggregating up to ₹48 crore
Issue closing date extended from August 17 to August 20, 2026
On-market renunciation deadline extended to August 14, 2026
Rights ratio fixed at 4 shares for every 1 share held as of the July 17, 2026 record date

💡 Investors should monitor the final subscription levels and the subsequent utilization of the ₹48 crore proceeds, especially given the company's current loss-making status and low promoter holding.

Minolta Finance Postpones Board Meeting for Q1 Results to August 11, 2026

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 10 Aug 2026, 04:20 PM

Minolta Finance Ltd has announced a second postponement of its board meeting to approve the unaudited financial results for the quarter ended June 30, 2026. Originally scheduled for August 7 and then moved to August 10, the meeting is now set for August 11, 2026, due to unforeseen circumstances. The company is a micro-cap NBFC with a market capitalization of Rs 60 Cr and a very low promoter holding of 3.59%. Investors should note the company reported a net loss of Rs 1.43 Cr for FY26.

Board meeting rescheduled for the second time to August 11, 2026
Original meeting date was August 07, 2026, followed by a shift to August 10, 2026
Agenda includes approval of unaudited financial results for the quarter ended June 30, 2026
Trading window to remain closed until 48 hours after the results are declared
Company reported TTM revenue of Rs 12 Cr and a net loss of Rs 3 Cr

💡 Watch for the financial results on August 11, 2026, to evaluate the company's operational performance and any improvement in its negative TTM EPS of Rs -0.07.

0.29% stake sale by Bobros Consultancy Services in Minolta Finance Ltd

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 10 Aug 2026, 10:16 AM

Bobros Consultancy Services Private Limited, a non-promoter entity, sold 2,92,829 equity shares of Minolta Finance Ltd on August 6, 2026. This transaction represents a 0.29% stake in the company, reducing the entity's total holding from 10.04% to 9.75%. The sale was executed through the open market. This is notable as the entity holds a significantly larger stake (9.75%) than the company's promoters, who held only 3.59% as of June 2026.

Sale of 2,92,829 equity shares via open market on August 6, 2026
Reduction in shareholding from 10.04% (1,00,43,512 shares) to 9.75% (97,50,683 shares)
Total equity share capital of the company stands at 10,00,00,000 shares
The seller, Bobros Consultancy Services, is classified as a non-promoter entity

💡 Investors should monitor the selling pattern of large non-promoter shareholders, especially given the company's extremely low promoter holding of 3.59% and recent net losses.

View All 532164 Announcements on Live Market Tracking →