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Keynote Financial Services Limited (KEYFINSERV)

₹229.28 -0.31% last close, 16 Oct

📊 NSE: KEYFINSERV 🏢 Finance & Investments 📢 Latest filing: 05 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Keynote Financial's revenue was ₹19.0 Cr (+21.3% year on year), and net profit ₹12.0 Cr (-4.5% year on year); the operating margin was 78.9%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹19.0	+21.3%	—
Operating profit	₹15.0	+26.6%	from loss
Net profit	₹12.0	-4.5%	from loss
EPS (₹)	20.80	-7.8%	from loss
Operating margin	78.9%	—	—

Full quarterly financials → Results calendar →

KEYFINSERV delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 97.66% of the KEYFINSERV shares traded on NSE were taken to delivery, against the stock's own 20-session average of 68.14%. That is higher than usual for this stock. Turnover was only ₹1 lakh, so a handful of trades can move this figure.

97.66%Delivery, 16 Oct

68.14%Own 20-session average

0.6×Volume vs its average

₹229.28NSE close · -0.31%

Delivery in the last 5 sessions: 78.8% · 85.0% · 66.6% · 62.9% · 97.7%

Delivery across the market →

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

Keynote Financial Submits Reg 74(5) Depository Certificate for Q2 Ended September 30, 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 05 Oct 2026, 04:37 PM

Keynote Financial Services Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate, issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited on October 3, 2026, confirms that securities received for dematerialisation during the period were processed and listed on the exchanges. This is a standard quarterly administrative filing with no impact on corporate financials or operations.

Compliance certificate issued under Regulation 74(5) of SEBI Regulations, 2018
Covers the quarter ended 30th September 2026
Confirmation provided by Registrar and Share Transfer Agent MUFG Intime India Private Limited on 03-10-2026

💡 No action is required as this is a recurring regulatory filing; investors should monitor upcoming Q2 FY27 earnings announcements.

Keynote Financial Sets Sept 21 Cut-Off Date for 33rd AGM and FY26 Dividend

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 04 Sep 2026, 07:09 PM

Keynote Financial Services has issued an intimation regarding the dispatch of letters to shareholders without registered email IDs, providing web links to the FY26 Annual Report. The company's 33rd Annual General Meeting (AGM) is scheduled for September 28, 2026, at 11:00 AM IST via video conference. Monday, September 21, 2026, has been fixed as the cut-off date for e-voting eligibility and final dividend entitlement for FY26.

33rd Annual General Meeting scheduled for Monday, September 28, 2026, at 11:00 AM IST via Video Conferencing
Cut-off date fixed as September 21, 2026, for e-voting eligibility and FY26 final dividend entitlement
Shareholder list for non-registered email dispatch determined based on the August 28, 2026 cut-off date
Mandated KYC update reminder issued to physical security holders under SEBI Master Circular dated May 07, 2024

💡 Shareholders should ensure KYC details and email IDs are registered with the RTA/depository before September 21, 2026, to participate in AGM e-voting and receive any declared dividend.

Keynote Financial Services Dispatches 33rd AGM Notice; Proposes ₹1/Share Dividend

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Sep 2026, 06:50 PM

Keynote Financial Services Limited has issued the notice for its 33rd Annual General Meeting scheduled for September 28, 2026, via video conferencing. The company has proposed a dividend of 10% (₹1 per share) for FY26, with the record date set as September 21, 2026. Other ordinary and special business items include the appointment of M/s. V K Beswal and Associates as statutory auditors for a 5-year term and the re-appointment of Mrs. Rinku Vineet Suchanti as Whole Time Director for 3 years at ₹32.10 lakh per annum.

33rd Annual General Meeting scheduled on Monday, September 28, 2026, at 11:00 AM IST via VC/OAVM
Proposed dividend of 10% (₹1 per share) for FY26 to be paid to members registered as of September 21, 2026
Appointment of M/s. V K Beswal and Associates, Chartered Accountants, as Statutory Auditors for a 5-year term (33rd to 38th AGM)
Re-appointment of Mrs. Rinku Vineet Suchanti as Whole Time Director for 3 years from July 1, 2026, to June 30, 2029, at ₹32,10,000 per annum

💡 Track voting results of the AGM on September 28, 2026, and note the dividend entitlement date of September 21, 2026.

Keynote Financial Services Submits Newspaper Publication of Q1 FY27 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 17 Aug 2026, 12:11 PM

Keynote Financial Services Limited has submitted copies of newspaper advertisements regarding its Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The publications appeared in Business Standard, Free Press Journal, and Navshakti on August 14, 2026. This submission is a procedural compliance under Regulations 30 and 47 of SEBI LODR and carries no new financial information beyond the already reported results.

Newspaper publication of Unaudited Financial Results for the quarter ended June 30, 2026
Published in Business Standard, Free Press Journal, and Navshakti (Marathi)
Advertisement published on August 14, 2026, and submitted to exchanges on August 17, 2026

💡 Track execution in the mid-market IPO mandate pipeline and advisory deal closures in upcoming quarterly earnings.

Keynote Financial Services Updates Insider Trading Policy and Code of Conduct

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Aug 2026, 04:25 PM

Keynote Financial Services Limited has updated its 'Code of Conduct for Prohibition of Insider Trading' following a Board meeting on August 13, 2026. The revision aligns the company's internal policies with SEBI (Prohibition of Insider Trading) Regulations, 2015. The document clarifies definitions for 'Connected Persons', 'Designated Persons', and 'Legitimate Purposes' for sharing price-sensitive information. This is a standard compliance update for the ₹147 Cr market cap company and does not impact financial operations.

Policy originally approved on May 28, 2015, with subsequent amendments on February 11, 2022, and May 29, 2025
Defines 'Contra trade' as any opposite transaction (buy/sell) occurring within 6 months of a prior trade
Sets 'Material financial relationship' threshold at 25% of a Designated Person's annual income for identifying related parties
Includes a 6-month look-back period for determining 'Connected Persons' based on contractual or fiduciary relationships
Outlines specific procedures for the Audit Committee to investigate leaks of Unpublished Price Sensitive Information (UPSI)

💡 This is a procedural update. Investors should monitor the company's quarterly earnings and ECM mandate pipeline, as these are more material to the stock's performance than administrative policy revisions.

₹1 per share dividend: Keynote Financial Services sets Sep 21 as Record Date

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 13 Aug 2026, 04:00 PM

Keynote Financial Services has declared a dividend of ₹1 per equity share (10% of face value) for the financial year. The company has fixed September 21, 2026, as the record date to determine shareholder eligibility for the payout. This follows a TTM PAT of ₹7 Cr, resulting in a modest estimated total payout of approximately ₹0.56 Cr. The 33rd Annual General Meeting (AGM) is scheduled for September 28, 2026, via video conferencing.

Dividend of ₹1 per equity share of ₹10 face value (10%)
Record date for dividend eligibility fixed for September 21, 2026
Book closure period scheduled from September 22 to September 28, 2026
33rd Annual General Meeting (AGM) to be held on September 28, 2026

💡 Investors interested in the dividend must hold the shares before the ex-dividend date (typically one business day prior to the record date). Monitor the upcoming Q1 FY27 results for operational recovery following the ₹9.48 Cr net loss reported in Mar 2026.

₹1 Dividend Announced; Q1 FY27 Results Approved; Record Date Sept 21

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 13 Aug 2026, 03:57 PM

Keynote Financial Services has approved its un-audited financial results for the quarter ended June 30, 2026. The Board declared a dividend of ₹1 per equity share (10% of face value), with the record date set for September 21, 2026. The 33rd Annual General Meeting (AGM) is scheduled for September 28, 2026. This announcement follows a volatile FY26 where quarterly revenues fluctuated significantly between ₹0.07 Cr and ₹12.46 Cr.

Dividend declared at ₹1 per equity share of ₹10 face value (10%).
Record date for dividend and AGM eligibility fixed as September 21, 2026.
33rd Annual General Meeting scheduled for September 28, 2026, via video conferencing.
Book closure period set from September 22, 2026, to September 28, 2026.
Board meeting duration was 3.5 hours, concluding at 15:30.

💡 Investors should review the detailed Q1 FY27 financial statements to assess if the company has recovered from the low revenue of ₹0.07 Cr reported in the previous quarter (March 2026).

Keynote Financial Services Submits Regulation 74(5) Compliance Certificate for Q1 FY27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jul 2026, 04:36 PM

Keynote Financial Services has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The document, issued by its Registrar and Share Transfer Agent (RTA), MUFG Intime India Private Limited, confirms the processing of dematerialization requests for the quarter ended June 30, 2026. This is a standard procedural filing required by all listed entities to ensure share records are accurately maintained with depositories. There are no material financial implications or changes to business operations arising from this announcement.

Compliance certificate issued for the quarter ended June 30, 2026
RTA MUFG Intime India Private Limited (formerly Link Intime) issued the confirmation on July 1, 2026
Company submitted the formal intimation to BSE and NSE on July 7, 2026
Confirms that security certificates received for dematerialization were mutilated and cancelled after verification

💡 No action is required as this is a routine administrative filing. Investors should monitor the company's upcoming quarterly earnings report for material financial performance updates.

Keynote Financial Services Closes Trading Window from July 1, 2026, for Q1 Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Jun 2026, 12:26 PM

Keynote Financial Services Limited has announced the closure of its trading window for all designated persons starting July 1, 2026. This is a mandatory regulatory requirement under SEBI (Prohibition of Insider Trading) Regulations for the upcoming financial results of the quarter ending June 30, 2026. The window will remain closed until 48 hours after the results are officially declared. The company recently reported a TTM revenue of Rs 27 Cr and a TTM PAT of Rs 7 Cr.

Trading window closure effective from Monday, July 1, 2026
Closure pertains to the unaudited financial results for the quarter ended June 30, 2026
Window to remain closed until 48 hours after the declaration of financial results
Applies to all Connected Persons and Designated Persons of the company

💡 Watch for the announcement of the board meeting date where Q1 FY27 results will be discussed, especially given the volatile quarterly performance in the previous year.

Keynote Financial Services Recommends ₹1 Dividend and Approves FY26 Financial Results

🟢 POSITIVE ⭐ 7/10

BOARD_MEETING 📅 22 Jun 2026, 06:00 PM

Keynote Financial Services Limited has approved its audited financial results for the fiscal year ended March 31, 2026, with an unmodified audit opinion. The Board recommended a dividend of ₹1 per equity share (10% of face value), subject to shareholder approval. Significant management and governance updates include the re-appointment of Mrs. Rinku Suchanti as Executive Director for three years and the appointment of M/s. V K Beswal & Associates as new Statutory Auditors for a five-year term.

Recommended a dividend of ₹1 per equity share (10% of face value) for the financial year 2025-2026.
Approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026.
Re-appointed Mrs. Rinku Suchanti as Executive Director for a three-year term effective July 1, 2026.
Appointed M/s. V K Beswal & Associates as Statutory Auditors for a five-year term starting from the 33rd AGM.
Re-appointed R. B. Pandya & Co. as Internal Auditors for the financial year 2026-2027.

💡 Investors should note the dividend recommendation and the stability in management. Review the detailed financial results once published to assess the company's growth trajectory and operational efficiency.

Keynote Financial Services FY26 Consolidated Net Profit Drops 54% to ₹6.66 Crore

🔴 NEGATIVE ⭐ 8/10

EARNINGS 📅 01 Jun 2026, 04:49 PM

Keynote Financial Services Limited reported a significant decline in profitability for the financial year ended March 31, 2026. Consolidated Net Profit after Tax fell to ₹665.88 lakhs from ₹1,456.99 lakhs in the previous year, representing a 54.3% decrease. The company's performance was severely impacted by a heavy consolidated net loss of ₹948.01 lakhs in the fourth quarter (Q4 FY26). Total consolidated income for the full year also saw a marginal decline to ₹2,946.17 lakhs.

Consolidated Net Profit for FY26 decreased to ₹6.66 crore from ₹14.57 crore in FY25.
Reported a consolidated net loss of ₹9.48 crore in Q4 FY26 compared to a loss of ₹7.69 crore in Q4 FY25.
Full-year consolidated Earnings Per Share (EPS) fell sharply to ₹11.96 from ₹26.17.
Standalone performance turned into a net loss of ₹1.66 crore for FY26 against a profit of ₹3.73 crore in FY25.
Total consolidated income for the year stood at ₹29.46 crore, down from ₹30.74 crore in the previous fiscal.

💡 Investors should exercise caution due to the sharp erosion in annual profits and the widening losses in the final quarter. It is advisable to wait for management's explanation regarding the Q4 loss and the outlook for their financial services business before making new commitments.

Keynote Financial Services Recommends ₹1 Dividend and Re-appoints Executive Director

🟢 POSITIVE ⭐ 7/10

BOARD_MEETING 📅 29 May 2026, 07:47 PM

Keynote Financial Services has recommended a dividend of ₹1 per equity share (10% of face value) for the financial year 2025-26. The Board has also approved the re-appointment of Mrs. Rinku Suchanti as Executive Director for a further three-year term effective July 1, 2026. Additionally, the company is transitioning its statutory auditors to M/s. V K Beswal & Associates for a five-year term following the completion of the previous auditor's tenure.

Recommended a dividend of ₹1 per equity share (10% of face value of ₹10) for FY 2025-26.
Re-appointed Mrs. Rinku Suchanti as Executive Director for a 3-year term from July 2026 to June 2029.
Appointed M/s. V K Beswal & Associates as Statutory Auditors for a 5-year term starting from the 33rd AGM.
Approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
Re-appointed R. B. Pandya & Co. as Internal Auditors for the financial year 2026-2027.

💡 Investors should monitor the upcoming 33rd AGM for the formal approval of the dividend and auditor appointments. Review the full FY26 financial results to assess the company's growth trajectory and operational efficiency.

Keynote Financial Services Approves FY26 Results, Recommends ₹1 Dividend & New Auditor

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 29 May 2026, 07:36 PM

Keynote Financial Services Limited has approved its audited financial results for the quarter and year ended March 31, 2026. The Board recommended a dividend of ₹1 per equity share (10% of face value), subject to shareholder approval at the upcoming AGM. Additionally, the company announced the re-appointment of Mrs. Rinku Suchanti as Executive Director for three years and the appointment of M/s. V K Beswal & Associates as Statutory Auditors for a five-year term, replacing the outgoing auditors upon completion of their tenure.

Recommended a dividend of ₹1 per equity share (10% on face value of ₹10) for FY 2025-2026.
Approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026.
Re-appointed Mrs. Rinku Suchanti as Executive Director for a 3-year term effective July 1, 2026.
Appointed M/s. V K Beswal & Associates as Statutory Auditors for a 5-year term starting from the 33rd AGM.
Re-appointed R. B. Pandya & Co. as Internal Auditors for the Financial Year 2026-2027.

💡 Investors should monitor the upcoming 33rd AGM for the final approval of the ₹1 dividend and review the full audited financial results for growth trends.

Keynote Financial Services Recommends ₹1 Dividend per Share for FY 2025-26

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 29 May 2026, 06:12 PM

Keynote Financial Services has recommended a final dividend of ₹1 per equity share (10% of face value) for the financial year 2025-26, subject to shareholder approval at the upcoming AGM. The Board also approved the audited financial results for the quarter and year ended March 31, 2026, with an unmodified audit opinion. Significant corporate governance updates include the re-appointment of Mrs. Rinku Suchanti as Executive Director and the transition to M/s. V K Beswal & Associates as the new Statutory Auditors for a five-year term.

Recommended a final dividend of ₹1 per equity share of ₹10 face value (10%) for FY 2025-26.
Approved audited standalone and consolidated financial results for the year ended March 31, 2026.
Re-appointed Mrs. Rinku Suchanti as Executive Director for a 3-year term effective July 1, 2026.
Appointed M/s. V K Beswal & Associates as Statutory Auditors for a 5-year tenure starting from the 33rd AGM.
Re-appointed R. B. Pandya & Co. as Internal Auditors for the financial year 2026-2027.

💡 Investors should note the dividend recommendation and await the announcement of the record date for eligibility. The transition in statutory auditors and management continuity are standard corporate procedures that warrant monitoring for long-term governance stability.

Keynote Financial Services Approves FY26 Results, Recommends ₹1 Dividend

🟢 POSITIVE ⭐ 7/10

DIVIDEND 📅 29 May 2026, 06:09 PM

Keynote Financial Services has approved its audited financial results for the fiscal year ending March 31, 2026. The Board recommended a dividend of ₹1 per equity share, representing a 10% payout on the ₹10 face value. Management continuity is ensured with the re-appointment of Executive Director Mrs. Rinku Suchanti for a three-year term. The company also transitioned its statutory auditors to M/s. V K Beswal & Associates for a five-year period following the completion of the previous auditor's term.

Recommended a dividend of ₹1 per equity share (10% of face value) for FY 2025-26.
Re-appointed Mrs. Rinku Suchanti as Executive Director for a 3-year term until June 2029.
Appointed M/s. V K Beswal & Associates as Statutory Auditors for a 5-year term starting from the 33rd AGM.
Confirmed unmodified audit opinions for both standalone and consolidated financial results for FY26.

💡 Investors should monitor the upcoming AGM for final dividend approval and review the full financial statements for operational growth. The change in auditors is a routine regulatory rotation and does not signal internal concerns.

View All KEYFINSERV Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue from sale of services fell 64.82% YoY to INR 593.73 lakhs in FY25 from INR 1,687.46 lakhs in FY24. Segments include Equity Capital Markets (ECM), Corporate Finance (M&A, Valuation, ESOP advisory), and AIF Due Diligence services.

Geographic Revenue Split

Primarily 100% India-based operations, headquartered in Mumbai.

Profitability Margins

Net Profit Margin fell from 43% to 35% YoY. Operating Profit Margin declined significantly from 87.81% to 48.45% due to a decline in net gain on fair value of investments.

EBITDA Margin

Operating Profit Margin stood at 48.45%, a decrease of 39.36 percentage points from the previous year's 87.81%.

Credit Rating & Borrowing

Debt Equity Ratio is 0.01 as compared to NIL in the previous year; borrowing costs are minimal with an Interest Coverage Ratio of 49.15 times.

⚙️ Operational Drivers

Capacity Expansion

The company maintains a lean and robust employee structure; manpower was recently expanded to support the pipeline of mandates.

Raw Material Costs

Not applicable; primary costs are salary and administrative expenses which remained constant despite lower revenue.

Manufacturing Efficiency

Not applicable; company operates as a 'Life Cycle Banker' and Advisor.

📈 Strategic Growth

Growth Strategy

Focusing on mid-market main board IPOs with several mandates as BRLM expected to fructify over the next 12-18 months. Sustaining the new vertical of Due Diligence services for AIFs (over 50 certificates issued) and expanding Corporate Finance mandates (M&A, Valuation, ESOP).

Products & Services

Merchant Banking (IPOs), Corporate Finance Advisory, M&A, Valuation services, ESOP advisory, and Due Diligence Certificates for Alternative Investment Funds (AIFs).

Brand Portfolio

Keynote

New Products/Services

Due Diligence services for AIFs is a recently established vertical that issued more than 50 certificates during the financial year.

Market Expansion

Targeting the mid-market client segment for ECM and Advisory services in India.

Market Share & Ranking

Not disclosed; company enjoys a 'niche' in the mid-market segment.

🌍 External Factors

Industry Trends

India's market cap reached USD 5.33 Tn in March 2025 (5th globally). Total fundraising in FY25 was INR 20 Tn, with equity fundraising up 92% YoY. Mainboard IPOs increased from 76 to 80 YoY.

Competitive Landscape

Competes in the mid-market segment; faces difficulty competing for large-size global ECM mandates due to scale.

Competitive Moat

Niche positioning in the mid-market segment for value-added services and a long-standing reputation as a 'Life Cycle Banker'. Moat is challenged by the company's small size relative to global ECM competitors.