Anjani Finance Limited is a registered **Non-Banking Financial Company (NBFC)** headquartered in India. It is categorized as a **Non-Banking Financial Institution without accepting public deposits (Category-B)**. The company operates under the regulatory oversight of the **Reserve Bank of India (RBI)** and is registered under **Section 45IA** of the Reserve Bank of India Act, 1934 (Registration No. **B-03.00173**). The company’s equity shares are publicly traded on the **BSE Limited (Security Code: 531878)**. As of March 31, 2024, the company has successfully transitioned the vast majority of its shareholding infrastructure into the digital ecosystem, with **93.25%** of total shares held in dematerialized form. --- ### **Strategic Pivot: Pure-Play Financial Services** Historically, Anjani Finance operated a diversified model consisting of two segments: **Financing** and **Windmill**. However, the company is currently executing a strategic shift to focus exclusively on its core financial services business. #### **Divestment of Non-Core Assets** In **FY 2024-25**, the company completed a total exit from the renewable energy sector to streamline operations and monetize underutilized assets. * **Asset Sold:** One **600 KW** capacity Wind Electric Generator (Make: **E-40**, Location: **AFLH-01**). * **Location:** Harshnath, Sikar District, **Rajasthan** (Commissioned in **2004**). * **Transaction Type:** Slump sale to **M/s Shri Mohangarh Renewables Private Limited**. * **Consideration:** A lump sum of **Rs. 30 Lakhs**. * **Approval:** Formally approved by shareholders at an Extraordinary General Meeting (EGM) on **January 08, 2025**. #### **Rationalization of Associate Holdings** The company has significantly reduced its exposure to non-core associate entities to focus on its own balance sheet. * **Chamelidevi Flour Mills Pvt. Ltd.:** Anjani Finance reduced its equity stake from **34.99%** to **19.30%** during **FY 2023-24**. * **Cessation of Relationship:** Following a Rights Issue in April 2023 (ratio of **1.25:1** at **Rs. 10 per share**), the company’s influence diminished, leading to the formal **cessation** of Chamelidevi Flour Mills as an Associate Company effective **August 26, 2024**. --- ### **Lending Operations and Asset Quality** The company’s primary revenue driver is the provision of **secured and unsecured loans** and advances to a diverse clientele, including companies, firms, LLPs, and other parties. * **Lending Terms:** Loans are granted based on mutual repayment schedules for principal and interest. The company maintains a spread by charging interest rates positioned above the **RBI-declared bank rate**. * **Asset Quality Excellence:** A standout feature of the company’s operational profile is its credit discipline. It reported **NIL Non-Performing Assets (NPA)** for the period ending March 31, 2023, and maintained this **NIL NPA** status through September 2025. * **Prudential Norms:** The company strictly adheres to **RBI Prudential Norms (2007)** for the ascertainment of income and provisioning for bad debts. --- ### **Financial Performance and Capital Management** The most recent audited full financial year (**FY 2023-24**) showed a contraction in performance as the company navigated its restructuring phase. | Metric | FY 2023-24 | FY 2022-23 | Change (%) | | :--- | :--- | :--- | :--- | | **Turnover** | **₹1.27 Crore** | **₹1.40 Crore** | **-9.53%** | | **Net Profit** | **₹60.465 Lakh** | **₹219.359 Lakh** | **-72.44%** | | **NBFC Reserve Transfer** | **₹9.67 Lakh** | **₹33.67 Lakh** | **-71.28%** | | **Cash & Equivalents** | **₹4.13 Crore** | **₹5.37 Crore** | **-23.09%** | #### **Reserve and Dividend Policy** * **Statutory Compliance:** In accordance with **Section 45-IC of the RBI Act, 1934**, the company transfers a mandatory **20%** of its net profit to a specific **Reserve Fund** annually. * **Recent Transfers:** **₹9,66,880** was transferred in **FY 2023-24**, and **₹9,27,982** was transferred in **FY 2024-25**. * **Profit Retention:** The Board did not recommend a dividend for **FY 2023-24** or **FY 2024-25**, opting instead to preserve capital for internal business activities and expansion. --- ### **Governance and Leadership Transition** Anjani Finance is undergoing a leadership renewal designed to align management with its new strategic focus. * **New Leadership:** **Ms. Kalpana Jain** was appointed as the **Managing Director** for a **3-year term** starting **August 5, 2025**. * **Board Evolution:** Former Managing Director **Mr. Sanjay Kumar Agarwal** has transitioned to a **Non-Executive Promoter Director** role, providing continuity and strategic guidance without involvement in daily operations. * **Compliance Oversight:** The company recently accepted the resignation of **Mr. Nasir Khan** (Company Secretary) in **August 2025** and is in the process of updating its Key Managerial Personnel (KMP) roster. --- ### **Risk Management and Internal Controls** The company operates with a conservative risk appetite, focusing on capital preservation and regulatory adherence. * **Risk Identification:** Management identifies **Government Industrial Policy** shifts, **Taxation** changes, and **Market Volatility** as the primary threats to profitability. * **Credit Mitigation:** Every finance file undergoes a "meticulous" review of security and recovery prospects before approval. * **Internal Audit:** The company maintains an internal audit system commensurate with its size. Notably, no cash losses were reported in **FY 2023-24** or **FY 2024-25**. * **Anti-Money Laundering (AML):** A Board-approved **Know Your Customer (KYC)** and **AML** policy is strictly enforced. * **Transaction Integrity:** * **Cash Transactions > ₹10,00,000:** None reported. * **Suspicious Transactions:** None reported. * **Credit Rating:** The company determined it did not require a formal credit rating for the **2024-25** period.