Motor & General Finance: 96th AGM on Sep 24, FY26 Annual Report Filed
The Motor & General Finance Limited will hold its 96th AGM on September 24, 2026. The company reported FY26 standalone revenue of ₹969.77 Lakhs. Key events include the sale of property for ₹18,146.58 Lakhs, leading to a debt-free status as of March 31, 2026. No dividend recommended for the year.
The company achieving debt-free status is a significant positive development. The AGM announcement is routine but important for corporate governance. The financial results show a substantial turnaround due to an exceptional item, making the overall financial health appear strong, which could impact investor perception.
The announcement details the upcoming AGM and the filing of the annual report. While the company achieved a debt-free status, the revenue and profit figures show mixed performance, with a significant exceptional gain driving the profit before tax. The decision not to recommend a dividend suggests a focus on internal strengthening rather than immediate shareholder returns.
The Motor & General Finance Limited has submitted its Annual Report for the Financial Year 2025-2026 and the Notice of its 96th Annual General Meeting (AGM). The AGM is scheduled to be held on Thursday, September 24, 2026, at 11:30 AM IST through Video Conferencing (VC) or Other Audio Visual Means (OAVM).
This announcement also serves as a submission of the Annual Report for FY 2025-2026. The company reported a standalone total revenue of ₹969.77 Lakhs for the year ended March 31, 2026, compared to ₹992.74 Lakhs in the previous year. The company recorded a loss before exceptional items of ₹50.96 Lakhs, contrasting with a profit of ₹118.55 Lakhs in the prior year. However, the sale of property resulted in an exceptional gain of ₹16,007.16 Lakhs and a loss on the sale of associate company shares of ₹248.94 Lakhs, leading to a profit before tax of ₹15,707.26 Lakhs.
Significantly, the company has achieved a debt-free status as of March 31, 2026, following the utilization of proceeds from the sale of its property, located at A-30, Mohan Cooperative Industrial Estate, Mathura Road, New Delhi, to M/s Haldiram Marketing Pvt. Ltd. for ₹18,146.58 Lakhs (net of stamp duty). The Board of Directors has decided not to recommend any dividend for the financial year under review, prioritizing resource conservation for long-term growth and strengthening the company's financial position.
A plain-language summary of a public exchange filing by The Motor & General Finance Limited. Read the original for the full detail.