IndoStar Capital Finance Reports Q2 Results, Confirms Security Cover for Debentures
IndoStar Capital Finance Limited announced several corporate developments on July 29, 2026, including the results of its Board meeting and details regarding debt security and fund utilization. The company confirmed the appointment of new statutory auditors and provided reports on the financial stability related to its non-convertible debentures.The Board of Directors considered and approved various matters during the meeting, including the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also addressed matters pertaining to future fundraising through debt securities.
MSKA & Associates LLP issued a Security Cover Certificate as on June 30, 2026, confirming compliance with financial covenants regarding IndoStar Capital Finance Limited's listed, secured, redeemable non-convertible debentures. These debentures aggregate to Rs. 3,09,039.87 lakhs.
Financial Highlights and Appointments
The company’s Consolidated Financial Results for the quarter ended June 30, 2026, included data from its subsidiary, IndoStar Asset Advisory Private Limited. For this subsidiary, the unaudited interim financial information reflected a total revenue of Rs. 4.81 lakhs (before consolidation adjustments), a net profit after tax of Rs. 3.16 lakhs (before consolidation adjustment), and a total comprehensive income of Rs. 3.16 lakhs for the quarter.Regarding corporate governance, the Board approved the appointment of S. R. Batliboi & Co. LLP as Statutory Auditors for a term of three consecutive years. This decision was made based on the recommendation of the Audit Committee and is subject to shareholder approval at the forthcoming Seventeenth Annual General Meeting (AGM). The company also noted that the trading window for designated persons opened on August 03, 2026.
Non-Convertible Debenture Issuance and Fund Utilization
The company issued Non-Convertible Debentures through Private Placement totaling Rs. 600 crores during the quarter ended June 30, 2026. The funds raised from these instruments were fully utilized as intended.Details of the fund raising are summarized below:
| Name of the Issuer | Mode of Fund Raising | Type of Instrument | Date of Raising Funds | Amount Raised (₹ crore) | Funds Utilized (₹ crore) |
|---|---|---|---|---|---|
| IndoStar Capital Finance Limited | Private Placement | Non-Convertible Debentures | April 23, 2026 | 600 | 600 |
The funds raised from these debenture issuances were used for onward lending to customers. The company confirmed that there was no deviation in the use of proceeds.
AGM and Future Plans
The Board meeting also established the date for the Seventeenth Annual General Meeting (AGM) of the Shareholders, which is scheduled for Friday, September 25, 2026, via Video Conferencing or Other Audio-Visual Means. The AGM Notice includes a proposal related to raising funds through the issuance of eligible debt securities.INDOSTAR Stock Price Movement
As of 3:11 PM, shares of IndoStar Capital Finance Limited are slipping by 0.22% in live trading, currently at ₹269.15 after shedding ₹0.60 on the day. The stock traded with a volume of 865,628 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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