Annual Secretarial Compliance Report as per Reg24A for the financial year ended 2025-26.
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanyIndbank Merchant Banking Services Ltd 2CIN NO.L65191TN1989PLC017883 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 0.00 4Highest Credit Rating during the previous FY NA 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)Not Applicable 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkMSEI We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: CHITRA MA Designation: Company Secretary and Compliance Officer EmailId: cs@indbankonline.com Name of the Chief Financial Officer: MS Balaji Designation: Chief Financial Officer EmailId: cfo@indbankonline.com Date: 29/04/2026 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
News Paper Advertisement with regard to publication of financial results for the quarter and year ended 31.03.2026.
Audited financial results for the year ended 31.03.2026
This is to inform you that the Board, at its meeting held on 20.04.2026, considered and approved the audited financial results and cash flow statement, along with the auditors’ report, for the year ended 31.03.2026. Please find enclosed a copy of the aforesaid documents for your records. In addition to the above documents, a declaration regarding the unmodified opinion in the auditors’ report for the financial year 2025-26 is also enclosed.
to consider and approve the audited financial results for the quarter and year ended 31st March 2026.
for the quarter ended 31st March 2026
Intimation regarding 'Closure of Trading Window'
News Paper Publication regarding quarterly financial results
outcome of Board Meeting
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 5.42 | 6.04 | 6.60 | 6.86 | 7.70 | 8.13 | 5.63 | 5.31 | 6.69 | 6.28 | 6.25 | 5.89 |
| YOY Revenue Growth % | 54.24% | 43.87% | 52.68% | 62.51% | 42.1% | 34.49% | -14.56% | -22.65% | -13.15% | -22.78% | 10.96% | 11.01% |
| Other Income | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.02 | 0.00 | 0.00 | 0.01 | 0.00 | 0.03 |
| Total Income | 5.43 | 6.06 | 6.60 | 6.87 | 7.71 | 8.13 | 5.65 | 5.31 | 6.69 | 6.29 | 6.25 | 5.92 |
| Total Expenses + | 3.46 | 2.86 | 3.33 | 3.65 | 4.01 | 3.75 | 3.76 | 3.79 | 3.91 | 3.77 | 3.67 | 4.15 |
| Cost of Materials Consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee Benefit Expense | 1.92 | 1.92 | 2.03 | 2.49 | 2.30 | 2.22 | 2.20 | 2.26 | 2.37 | 2.27 | 2.03 | 2.62 |
| Other Expenses | 0.79 | 0.58 | 0.66 | 0.77 | 0.96 | 0.89 | 0.92 | 1.17 | 1.03 | 1.01 | 1.10 | 1.28 |
| Operating Profit | 1.96 | 3.19 | 3.27 | 3.21 | 3.69 | 4.38 | 1.88 | 1.52 | 2.78 | 2.51 | 2.58 | 1.75 |
| OPM % | 36.2% | 52.7% | 49.5% | 46.8% | 48% | 53.8% | 33.3% | 28.6% | 41.6% | 39.9% | 41.3% | 29.6% |
| Profit Before Tax + | 1.97 | 3.20 | 3.27 | 3.21 | 3.71 | 4.38 | 1.89 | 1.52 | 2.78 | 2.52 | 2.58 | 1.77 |
| Tax Expense | 0.45 | 0.77 | 0.71 | 0.71 | 0.86 | 1.08 | 0.72 | 0.38 | 0.64 | 0.66 | 0.67 | 0.56 |
| Tax % | 23% | 24.2% | 21.8% | 22.2% | 23.1% | 24.6% | 38% | 25.2% | 23.2% | 26.2% | 25.8% | 31.6% |
| Profit After Tax | 1.52 | 2.42 | 2.56 | 2.50 | 2.85 | 3.30 | 1.17 | 1.14 | 2.14 | 1.86 | 1.92 | 1.21 |
| EPS (Basic) | 0.34 | 0.55 | 0.58 | 0.56 | 0.64 | 0.74 | 0.26 | 0.26 | 0.48 | 0.42 | 0.43 | 0.27 |
| Particulars | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 26.78 | 24.92 | 18.26 | 17.63 | 12.01 | 8.77 | 8.12 |
| YOY Revenue Growth % | 7.43% | 36.47% | 3.59% | 46.78% | 36.93% | 8.06% | - |
| Other Income | 0.03 | 0.02 | 3.09 | 6.90 | 7.46 | 8.47 | 3.03 |
| Total Income | 26.81 | 24.95 | 21.35 | 24.53 | 19.47 | 17.24 | 11.15 |
| Total Expenses + | 15.31 | 13.30 | 16.27 | 15.98 | 14.59 | 14.30 | 7.65 |
| Cost of Materials Consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.36 |
| Employee Benefit Expense | 8.98 | 8.37 | 7.59 | 6.93 | 6.03 | 4.96 | 4.38 |
| Other Expenses | 3.95 | 2.80 | 6.07 | 7.35 | 6.85 | 7.51 | 2.90 |
| Operating Profit | 11.47 | 11.63 | 2.00 | 1.65 | -2.58 | -5.53 | 0.47 |
| OPM % | 42.8% | 46.7% | 10.9% | 9.4% | -21.4% | -63% | 5.8% |
| Profit Before Exceptional | 11.50 | 11.65 | 5.09 | 8.55 | 4.88 | 2.94 | 1.74 |
| Exceptional Items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 |
| Profit Before Tax + | 11.50 | 11.65 | 5.09 | 8.55 | 4.88 | 2.94 | 1.81 |
| Tax Expense | 3.04 | 2.65 | 1.58 | 1.59 | 0.83 | 0.85 | 0.05 |
| Tax % | 26.4% | 22.8% | 31.1% | 18.6% | 17% | 28.9% | 2.5% |
| Profit After Tax | 8.46 | 9.00 | 3.50 | 6.96 | 4.05 | 2.09 | 1.77 |
| EPS (Basic) | 1.91 | 2.03 | 0.79 | 1.57 | 0.91 | 0.47 | 0.39 |
| Particulars | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Non-Current Assets + | 0.00 | 0.00 | 0.00 | 55.36 | 38.93 | 34.58 | 0.00 |
| Property, Plant & Equipment | 0.53 | 0.69 | 0.82 | 0.87 | 0.41 | 0.40 | 0.00 |
| Capital Work in Progress | 0.00 | 0.00 | 0.00 | 0.13 | 0.00 | 0.00 | 0.00 |
| Non-Current Investments | 0.00 | 0.00 | 0.00 | 1.30 | 0.80 | 0.19 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 0.09 | 0.05 | 0.08 | 0.11 | 0.15 | 0.06 | 0.00 |
| Current Assets + | 0.00 | 0.00 | 0.00 | 39.34 | 45.25 | 39.57 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade Receivables | 0.00 | 0.00 | 0.00 | 3.37 | 3.21 | 0.92 | 0.00 |
| Cash and Cash Equivalents | 1.15 | 0.63 | 10.14 | 9.32 | 11.28 | 11.52 | 0.00 |
| Current Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| LIABILITIES & EQUITY | |||||||
| Total Equity | 0.00 | 83.37 | 74.51 | 71.13 | 64.28 | 60.21 | 0.00 |
| Equity Share Capital | 44.38 | 44.38 | 44.38 | 44.38 | 44.38 | 44.38 | 0.00 |
| Other Equity | 47.27 | 38.99 | 30.13 | 26.75 | 19.90 | 15.83 | 0.00 |
| Non-Current Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current Liabilities | 0.00 | 0.00 | 0.00 | 23.56 | 19.91 | 13.94 | 0.00 |
| Total Liabilities | 26.44 | 22.97 | 22.88 | 23.56 | 19.91 | 13.94 | 0.00 |
| Particulars | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | 0.08 | -1.16 | 0.03 | 13.38 | 6.09 | 0.00 | 0.00 |
| Cash from Investing Activities | 0.56 | -0.17 | -1.03 | -12.27 | -6.32 | 0.00 | 0.00 |
| Cash from Financing Activities | -0.12 | -0.07 | -0.89 | -1.50 | 0.00 | 0.00 | 0.00 |
| Net Increase/Decrease in Cash | 0.52 | -1.40 | -1.89 | -0.40 | -0.24 | 0.00 | 0.00 |