Inventure Growth & Securities Limited (INVENTURE)
₹0.80 +0.00% last close, 16 Oct
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Inventure Growth's revenue was ₹10.6 Cr (-39.7% year on year, -18.6% on the previous quarter), and net profit ₹-5.3 Cr (a bigger loss than a year earlier); the operating margin was -73.2%.
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹10.6 | -39.7% | -18.6% |
| Operating profit | ₹-7.8 | loss widened | to loss |
| Net profit | ₹-5.3 | loss widened | to loss |
| EPS (₹) | -0.05 | loss widened | to loss |
| Operating margin | -73.2% | — | — |
INVENTURE delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 59.47% of the INVENTURE shares traded on NSE were taken to delivery, against the stock's own 20-session average of 62.41%. That is close to its usual level. Turnover was only ₹7 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 45.4% · 95.5% · 59.7% · 41.1% · 59.5%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Inventure Growth & Securities announced the voting results and scrutinizer's report for its 31st Annual General Meeting held on September 29, 2026. All four resolutions, including the adoption of FY26 financial statements and the re-appointment of Mr. Kanji Bachubhai Rita as Chairman and Managing Director, were approved with over 99.99% votes in favor. A total of 297,684,182 valid votes were cast, representing approximately 28.35% of total outstanding shares. The voting concluded without any procedural disruptions.
- All 4 resolutions passed with over 99.99% majority support
- Total valid votes cast were 297,684,182, representing 28.3509% of total outstanding shares
- Re-appointment of Chairman and Managing Director Mr. Kanji Bachubhai Rita approved with 99.9976% votes in favor
- Total shareholders on the cut-off record date of September 22, 2026, stood at 292,072
Inventure Growth & Securities Limited conducted its 31st Annual General Meeting on September 29, 2026. Shareholders considered and approved all four agenda items with requisite majority, including the adoption of FY26 financial statements and the re-appointment of Kanji Bachubhai Rita as Chairman and Managing Director. The meeting was conducted via Video Conferencing with remote e-voting held between September 24 and September 28, 2026.
- Held 31st Annual General Meeting on September 29, 2026, starting at 11:30 AM and concluding at 11:55 AM IST
- Adopted audited standalone and consolidated financial statements for the financial year ended March 31, 2026
- Approved special resolution re-appointing Kanji Bachubhai Rita as Chairman and Managing Director
- Remote e-voting held from September 24, 2026 (10:00 AM) to September 28, 2026 (5:00 PM)
The Arbitral Tribunal has rejected Inventure Growth & Securities' application under Section 16 challenging its jurisdiction in an ongoing shareholder dispute. The arbitration stems from an August 13, 2014 share sale agreement involving Nagji Keshavji Rita & Ors. against Kanji Bachubhai Rita & Ors., with the company named as Respondent No. 3. Despite being a non-signatory, the Sole Arbitrator held the company to be a veritable party based on performance obligations. While financial claims remain unquantified and subject to trial, the company stated there is no immediate adverse financial impact from this procedural ruling.
- Arbitrator rejected Section 16 jurisdiction challenge vide order dated September 3, 2026
- Arbitration originates from an Agreement for Sale of Company's Shares dated August 13, 2014
- Hearing held on September 5, 2026 addressing document production and alleged separate agreements
- Total quantum of claims is not disclosed and remains subject to the final trial
Inventure Growth & Securities Limited has issued the notice for its 31st Annual General Meeting scheduled for September 29, 2026. Key agenda items include the adoption of FY26 financial statements and the reappointment of Mr. Kanji Bachubhai Rita as Chairman and Managing Director for a 3-year term at a remuneration of Rs 6,00,000 per month. Additionally, the company is seeking approval for the reappointment of Mr. Surji Damji Chheda as an Independent Director for a 5-year term starting October 1, 2027. This is a routine annual procedural filing.
- 31st Annual General Meeting scheduled for September 29, 2026, at 11:30 AM via video conferencing.
- Proposed reappointment of Mr. Kanji Bachubhai Rita as Chairman & Managing Director for 3 years at Rs 6,00,000 per month.
- CMD Mr. Kanji B. Rita holds 27,70,54,087 equity shares in the company.
- Proposed reappointment of Mr. Surji Damji Chheda as Independent Director for a 5-year term from October 1, 2027, to September 30, 2032.
Inventure Growth & Securities has officially withdrawn its proposed Scheme of Arrangement, which involved merging four subsidiaries and demerging its lending business. The decision follows the non-receipt of requisite approval from the Reserve Bank of India (RBI) for the resulting NBFC entity. The scheme, originally announced in April 2025, will not proceed to the National Company Law Tribunal (NCLT). While the company claims no direct financial impact, this represents a significant setback for its planned corporate consolidation and business separation strategy.
- Withdrawal of the merger of 4 subsidiaries (IFPL, ICL, IIBPL, IDPL) into the parent company
- Cancellation of the demerger of the 'Lending Business' into Inventure Wealth Management Limited
- Rejection of approval by the Reserve Bank of India (RBI) cited as the primary reason for withdrawal
- Scheme was originally announced on April 4, 2025, with an appointed date of April 1, 2025
- Company maintains a net worth of ₹225 cr against a current market cap of only ₹89 cr
Inventure Growth & Securities has approved the re-appointment of Mr. Kanji B. Rita as Chairman & Managing Director for a three-year term effective August 13, 2027. Additionally, Mr. Surji Damji Chheda, a Chartered Accountant with 27 years of experience, has been re-appointed as an Independent Director for a second five-year term starting October 1, 2027. These leadership extensions come as the company navigates a challenging financial period, with FY25 net profit having declined 97.5% YoY to Rs 15.11 lakhs. Both appointments are subject to shareholder approval at the upcoming Annual General Meeting.
- Mr. Kanji B. Rita re-appointed as CMD for a 3-year term from August 13, 2027, to August 12, 2030
- Mr. Surji Damji Chheda re-appointed as Independent Director for a second 5-year term starting October 1, 2027
- Company reported a significant 97.5% decline in FY25 net profit to Rs 15.11 lakhs from Rs 603.74 lakhs in FY24
- Mr. Kanji B. Rita has been associated with the company since 2002 and has over 40 years of experience
- Mr. Surji Chheda brings 27+ years of experience as a practicing Chartered Accountant
Inventure Growth & Securities approved its unaudited financial results for the quarter ended June 30, 2026, in a board meeting held on August 03, 2026. This follows a challenging FY26 where the company reported a TTM PAT of Rs 4 Cr, significantly impacted by a Rs 5.34 Cr net loss in the March 2026 quarter. The company is currently navigating intense competition from discount brokers, which has pressured its operating margins from 34.35% in FY24 to 7.42% in FY26. Investors should monitor the detailed results for signs of margin stabilization and recovery from the previous quarter's losses.
- Board approved Unaudited Consolidated and Standalone Financial Results for the quarter ended June 30, 2026
- The board meeting lasted 4.5 hours, commencing at 03:00 PM and concluding at 07:30 PM
- Company reported a TTM revenue of Rs 54 Cr and a TTM PAT of Rs 4 Cr leading up to this period
- Previous quarter (March 2026) recorded a significant net loss of Rs 5.34 Cr
- Promoter holding remains stable but relatively low at 26.4% as of June 2026
Inventure Growth & Securities approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board meeting lasted 4.5 hours, concluding at 19:30 IST. This follows a challenging March 2026 quarter where the company reported a net loss of ₹5.34 cr. Given the company's small market cap of ₹89 cr and low ROCE of 0.7%, these results are critical for assessing a potential turnaround from recent losses.
- Board approved unaudited results for the quarter ended June 30, 2026
- Meeting duration of 4.5 hours from 15:00 to 19:30 on August 3, 2026
- Company reported a net loss of ₹5.34 cr in the preceding quarter (March 2026)
- TTM revenue stands at ₹54 cr against a market capitalization of ₹89 cr
- Promoter holding remains stable at 26.4% as of June 2026
Inventure Growth & Securities Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations for the quarter ended June 30, 2026. The certificate, issued by its Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited, confirms that share certificates received for dematerialization were processed within prescribed timelines. It further validates that the securities have been listed on the relevant stock exchanges and the original certificates were mutilated and cancelled. This is a standard procedural filing required by all listed companies in India.
- Compliance certificate covers the quarter ended June 30, 2026
- Confirmation received from RTA MUFG Intime India Private Limited dated July 1, 2026
- Verification that dematerialized securities are listed on the stock exchanges
- Confirmation that security certificates were mutilated and cancelled after due verification
Inventure Growth & Securities Limited has announced the closure of its trading window for all designated persons and their relatives starting July 01, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the Q1 financial results for the period ending June 30, 2026. The window will remain closed until 48 hours after the unaudited standalone and consolidated financial results are declared. The specific date for the board meeting to approve these results will be communicated in the future.
- Trading window closure effective from Wednesday, July 01, 2026.
- Closure relates to the review of Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.
- Restriction applies to all Designated Persons and their Immediate Relatives.
- The window will reopen 48 hours after the official declaration of the quarterly results.
Inventure Growth & Securities Limited has submitted its annual disclosure under Regulation 31(4) of the SEBI (SAST) Regulations for the financial year ended March 31, 2026. The promoter, Mr. Kanji B. Rita, acting on behalf of the promoter group, has declared that no new encumbrances or pledges were created on their shareholding during the period, other than those already disclosed. This filing is a mandatory annual compliance requirement that ensures transparency regarding the status of promoter-held shares.
- Annual declaration submitted under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- Promoter Kanji B. Rita confirmed no undisclosed encumbrances were made on promoter group shares during FY 2025-26.
- The disclosure covers the full financial year ending March 31, 2026, providing transparency to the exchange and shareholders.
Inventure Growth & Securities Limited has filed a formal criminal complaint with the Mumbai Police and Economic Offences Wing regarding unauthorized third parties misusing its corporate identity. Fraudsters established a deceptive entity named 'Inventure Growth and Securities' and a Yes Bank account (No. 103226900000252) to illegally solicit and misappropriate funds from retail investors. The company clarified that its own liquidity, assets, and bank accounts remain unaffected and secure. While the total quantum of public money misappropriated is currently unknown, the company is cooperating with authorities to freeze fraudulent accounts.
- Criminal complaint filed with MIDC Police and EOW Mumbai against unknown persons for forgery and criminal conspiracy.
- Fraudsters used a deceptively similar name and a Yes Bank Chembur branch account to bypass commercial registry checks.
- Company confirms zero financial impact on its own asset base or verified corporate bank accounts.
- Legal action initiated under Bharatiya Nyaya Sanhita (BNS) 2023 and the Trade Marks Act 1999.
- The fraud was discovered following an email from a registered Authorized Person (AP) on June 16, 2026.
The Bombay High Court has appointed a Sole Arbitrator to resolve disputes arising from an Agreement for Sale of Shares dated August 13, 2014. Inventure Growth & Securities is contesting its involvement in the matter, arguing that it was not a signatory to the original arbitration agreement. The court has directed that the Arbitral Tribunal will decide whether the company is legally bound by the agreement. Currently, no adverse findings or financial penalties have been issued against the company, and all legal rights remain open.
- Sole Arbitrator appointed by Bombay High Court for a dispute originating from August 13, 2014
- Company is contesting its impleadment on the grounds of not being a signatory to the agreement
- Arbitral Tribunal to determine if the company is bound by the arbitration proceedings
- No findings or liabilities have been established against the company at this stage
Inventure Growth & Securities Limited has approved its audited standalone and consolidated financial results for the quarter and full year ending March 31, 2026. The statutory auditors, M/s CGCA & Associates LLP, issued an unmodified opinion, confirming the reliability of the financial statements. The company also reported nil deviation in the utilization of issue proceeds for the quarter ended March 2026. Furthermore, the board meeting concluded late at 10:30 PM, covering comprehensive disclosures including related party transactions.
- Board approved audited financial results for Q4 and the full financial year ended March 31, 2026
- Statutory auditors issued an unmodified opinion on both standalone and consolidated financial results
- Confirmed nil deviation or variation in the utilization of proceeds from public or preferential issues
- Submitted mandatory disclosure of related party transactions for the half-year ended March 31, 2026
- The board meeting was extensive, lasting seven and a half hours from 3:00 PM to 10:30 PM
Inventure Growth & Securities Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document confirms that all requests for dematerialization of securities received during the quarter ended March 31, 2026, were processed within the mandated timelines. The company's Registrar and Share Transfer Agent, MUFG Intime India Private Limited, verified that physical certificates were mutilated and cancelled. This filing is a standard administrative procedure to ensure the accuracy of the company's electronic shareholding records.
- Compliance certificate issued for the quarter ended March 31, 2026.
- Confirmation provided by Registrar and Share Transfer Agent MUFG Intime India Private Limited.
- Verified that securities received for dematerialization are listed on relevant stock exchanges.
- Confirmed that physical certificates were mutilated and cancelled after due verification.
- Register of members updated with depository names within prescribed timelines.
Financial Performance
Revenue Growth by Segment
Equity/Commodity Broking & Other Related revenue was INR 1.1 Cr (down 24.25% YoY); Financing & Other Related Activity revenue was INR 0.5 Cr (down 17.64% YoY); Merchant Banking & Other related activities revenue was INR 0.03 Cr (up 56% YoY); Others revenue was INR 0.04 Cr (up 1.58% YoY).
Profitability Margins
Net Profit for FY 2024-25 was INR 15.11 Lakhs, a sharp decline of 97.5% from INR 603.74 Lakhs in FY 2023-24. Q4 FY25 reported a Net Loss of INR 439.15 Lakhs, representing a 553.5% YoY de-growth.
EBITDA Margin
Not explicitly disclosed for FY25; however, historical EBITDA margins were healthy at 22.44% in FY2021. Current profitability is under severe pressure with Net Profit margins collapsing to near zero for the full year FY25.
Credit Rating & Borrowing
Assigned IVR BB+/Stable and IVR A4+ in March 2022; however, the rating was withdrawn in February 2023 at the company's request. Debt Equity Ratio stood at 0.09 in FY 2024-25.
Operational Drivers
Raw Materials
Not applicable as the company is a service provider in the financial sector.
Raw Material Costs
Not applicable; however, total expenses grew 20% YoY to INR 4,131.28 Lakhs in FY 2024-25, primarily driven by operational costs in the broking business.
Manufacturing Efficiency
Not applicable; however, the company maintains automated key areas of operations to minimize human intervention.
Strategic Growth
Expected Growth Rate
18-22%
Growth Strategy
The company plans to capitalize on the brokerage industry's expected growth by leveraging its 30-year track record and experienced management. Key strategies include expanding the Margin Trading Facility (MTF) book, which is a major industry driver, and maintaining a diversified client base of both retail and institutional investors while utilizing digital platforms to reduce operational costs.
Products & Services
Equity broking, derivatives trading, commodity broking, depository services (Demat accounts), merchant banking, investment advisory, mutual fund distribution, and insurance distribution.
Brand Portfolio
Inventure, Inventure Growth & Securities Limited.
External Factors
Industry Trends
The industry is seeing a massive shift toward derivatives, with monthly F&O turnover reaching INR 8,740 lakh crore in March 2024. There is also a trend toward increased leverage through Margin Trading Facilities (MTF).
Competitive Landscape
Intense competition from established traditional players and rapidly growing fintech/discount brokers who are disrupting the fee structure of the industry.
Competitive Moat
The company's moat is built on a three-decade track record and the experience of promoters like Mr. Kanji B. Rita. However, this moat is challenged by technology-focused new entrants and discount brokers.
Macro Economic Sensitivity
Highly sensitive to Indian GDP growth (8.2% YoY) and global economic conditions (3.2% forecast), which directly influence investor sentiment and trading volumes.
Consumer Behavior
Retail investors are increasingly favoring derivatives trading over equity cash segments, as evidenced by the record surge in F&O turnover.
Geopolitical Risks
Geopolitical tensions and global market uncertainties can lead to unpredictable market movements, affecting investment returns and client trading activity.
Regulatory & Governance
Industry Regulations
Regulated by SEBI for stock broking, depository participation, and investment advisory. Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is mandatory.
Taxation Policy Impact
Tax expense for Q4 FY25 was INR -72.86 Lakhs compared to INR 133 Lakhs in the same quarter of the previous year.
Legal Contingencies
Minor penalties have been levied by SEBI/exchanges in the ordinary course of business, but the company states these have no material impact on operations.
Risk Analysis
Key Uncertainties
Market volatility (Sensex/Nifty fluctuations) can lead to a substantial decline in trading volumes, impacting profitability by an estimated 97.5% as seen in FY25 results.
Third Party Dependencies
High dependency on regulatory bodies (SEBI) and stock exchanges for operational continuity.
Technology Obsolescence Risk
Risk of being outpaced by fintech companies; the company is mitigating this by maintaining highly digitalized processes.
Credit & Counterparty Risk
Risk of clients failing to honor commitments on exposure limits, which could have a material adverse effect on operational profitability.