Authum Investment & Infrastructure Ltd held a Board Meeting on February 10, 2026, where they approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ending December 31, 2025. The Board confirmed no deviation in the utilization of ₹2,050 Crores raised via a private placement of NCRPS in December 2025. Key notes highlighted the impact of an ongoing SEBI penalty appeal on a subsidiary.
Board Meeting Conclusion and Financial Results
The Board of Directors of Authum Investment & Infrastructure Ltd convened on February 10, 2026, from 03:00 p.m. to 04:25 p.m. The primary outcome was the approval of the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended December 31, 2025, along with the Limited Review Report from the Statutory Auditors.
Fund Utilization Confirmation
The company confirmed compliance with Regulation 32(1) concerning the utilization of funds raised through the issuance of 2,05,00,000 Non-Cumulative Non-Convertible Redeemable Preference Shares (“NCRPS”) to Mentor Capital Limited. The total value raised was ₹2,050 Crores across allotments made between December 05, 2025, and December 17, 2025. The Board explicitly confirmed that there has been no deviation or variation in the utilization of these proceeds as per the stated objects.
Key Financial Performance Highlights (Consolidated)
The consolidated statement of results for the Quarter Ended December 31, 2025, showed:
- Total Income: ₹477.70 Crores, compared to ₹619.94 Crores in the corresponding quarter last year.
- Profit/(Loss) before tax: ₹278.40 Crores.
- Total Comprehensive Income for the period: A loss of (₹496.93) Crores, driven by significant fair value changes on financial instruments.
- Earnings Per Share (Basic): ₹9.51 per share for the quarter.
Emphasis of Matter in Auditor’s Review
The Independent Auditors issued several points for attention:
Associate Company Exclusion
The results do not include the figures for the associate company Rivaara Labs Pvt. Ltd. acquired during the quarter, as converted IND-AS statements were unavailable. Management stated the non-consolidation impact is not material. Furthermore, results from several entities where the company holds over 20% equity were excluded, as investments were deemed strategic without intent to control or influence.
Subsidiary Focus: Open Elite Developers Limited (RCFL)
Specific concerns were raised regarding the subsidiary RCFL (formerly Reliance Commercial Finance Limited):
- The entity recorded a net profit of ₹2.80 crores for the quarter but holds accumulated losses of ₹889.31 crores, resulting in a net negative net owned fund.
- Despite this, the results were prepared on a going concern basis, supported by comfort from the Holding company for future obligations.
- SEBI Penalties: Reference was made to the August 22, 2024 order imposing a ₹25 crore penalty and a five-year restraint from securities market access. The company has appealed to the SAT and deposited 50% of the penalty. The next hearing date is set for February 24, 2026.
Review of Other Subsidiaries
The auditors did not review the interim financial results of five subsidiaries, whose combined financial metrics reflected total Assets of ₹1,205.70 crores and revenues of ₹49.50 crores for the quarter. The conclusion is based solely on the review reports furnished by the joint statutory auditors for these specific entities.
Summary of Private Placement Events (Q3 FY26)
The period saw multiple issuances to Mentor Capital Limited, all linked to the overall ceiling of ₹2,450 Crores approved on November 17, 2025:
- December 05, 2025: Allotment of ₹200 Crores.
- December 06, 2025: Allotment of ₹400 Crores.
- December 08, 2025: Allotment of ₹900 Crores.
- December 09, 2025: Allotment of ₹300 Crores.
- December 17, 2025: Allotment of ₹250 Crores.
All these transactions were for the same General Corporate Purposes, and corresponding deviation statements confirmed ‘None’ for deviation or variation.
Source: BSE
