Authum Investment & Infrastructure Ltd. announced the outcome of its Board Meeting held on February 10, 2026. The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2025, along with the Limited Review Report. Furthermore, the company confirmed there was no deviation in the utilization of funds raised via the recent private placement of Non-Cumulative Non-Convertible Redeemable Preference Shares (NCRPS).
Board Meeting Decisions: Q3 Financial Results
The Board of Directors of Authum Investment & Infrastructure Limited convened on February 10, 2026, approving key financial disclosures. The primary approval involved the Unaudited Financial Results (both Standalone and Consolidated) for the quarter ended December 31, 2025. These results were accompanied by the Limited Review Report issued by the Statutory Auditors.
Status of Funds Utilization (Regulation 32 Compliance)
In compliance with regulatory requirements, the Board reviewed the utilization of funds raised through the private placement of 2,05,00,000 Non-Cumulative Non-Convertible Redeemable Preference Shares (NCRPS) to Mentor Capital Limited. This issuance raised an aggregate value of Rs. 2050 Crores across allotments made between December 05, 2025, and December 17, 2025.
The company confirmed that there has been no deviation or variation in the utilization of these proceeds compared to the objects stated in the postal ballot notice dated October 16, 2025. A Nil Statement of Deviation (Annexure II) was accordingly enclosed.
Financial Performance Snapshot (Standalone & Consolidated)
The accompanying unaudited consolidated results for the Nine Months Ended December 31, 2025, showed Total Income reaching Rs. 3,155.04 Crores and Profit/(Loss) before tax standing at Rs. 1,961.18 Crores. For the same period, Total Comprehensive Income stood at Rs. 1,471.81 Crores.
The company reported Earnings Per Share (Diluted) for the nine months at Rs. 10.53 (Standalone) and Rs. 110.53 (Consolidated).
Emphasis of Matter: Auditor Observations
The Independent Auditors highlighted several key points in their review report (Annexure I):
- The results of an associate company, Rivaara Labs Pvt. Ltd., acquired during the quarter, were not included in the consolidation as converted IND-AS statements were unavailable, though the impact was noted as not material.
- The results of five entities in which the company holds over 20% equity were excluded as management deemed the investments strategic, without exercising control.
- A significant focus was placed on the subsidiary, Open Elite Developers Private Limited (formerly RCFL). This subsidiary reported a net profit of Rs. 2.80 crores for the period but carried accumulated losses of Rs. 889.31 crores as of December 31, 2025, resulting in net negative net owned fund. The results were prepared on a going concern basis based on comfort provided by the Holding company.
- Auditors noted the ongoing SEBI matter concerning RCFL, where a Rs. 25 crore penalty was levied. The company has appealed and deposited 50% of the penalty before the SAT, with the next hearing set for February 24, 2026.
- The auditors also noted they did not review the interim financial results of five subsidiary companies whose combined assets reflected Rs. 1205.70 crores as of December 31, 2025.
Segment Reporting Highlights (Consolidated)
For the Nine Months Ended December 31, 2025, revenue was dominated by the Investment Activity segment at Rs. 1,106.31 Crores, followed by the Lending Activity segment at Rs. 1,181.49 Crores. Total segment assets stood at Rs. 20,226.49 Crores.
Fund Raising Activities Reviewed
The report included supplementary statements confirming compliance regarding various private placements made to the Promoter, Mentor Capital Limited, throughout December 2025:
- December 05, 2025: Allotment of NCRPS worth Rs. 200 Crores.
- December 06, 2025: Allotment of NCRPS worth Rs. 400 Crores.
- December 08, 2025: Allotment of NCRPS worth Rs. 900 Crores.
- December 09, 2025: Allotment of NCRPS worth Rs. 300 Crores.
- December 17, 2025: Allotment of NCRPS worth Rs. 250 Crores.
Across all these issuances, totaling Rs. 2,050 Crores (as detailed in the primary letter), the stated object was General Corporate Purposes, and no deviation was reported for the half-year period.
Source: BSE
