**NSE/BSE Listed | Sector: Financial Services & Renewable Energy** Longspur International Ventures Limited (formerly known as **Confidence Finance and Trading Limited**) is an Indian listed entity currently undergoing a transformative strategic pivot. Historically focused on capital market operations and specialized financing, the company is aggressively transitioning into the **Solar and Renewable Energy** sectors. This evolution is supported by a comprehensive rebranding, a significant expansion of authorized capital, and a series of preferential equity allotments designed to fund its new green energy mandate. --- ### **Strategic Pivot: Transition to Green Energy & Solar Infrastructure** Effective **January 18, 2024**, the company rebranded from **Confidence Finance and Trading Limited** to **Longspur International Ventures Limited**. This name change signals a departure from legacy trading toward a diversified, sustainability-led business model. * **Object Clause Expansion:** In **April 2026**, the company formally amended its **Memorandum of Association (MoA)** to authorize operations in the renewable energy sector. * **Core Solar Objectives:** The company now targets the design, manufacturing, supply, installation, and commissioning of: * **Off-grid DC solar photovoltaic water pumping systems**. * **Solar power plants** and related infrastructure. * **Multi-product chemical** and green energy solutions. * **Vision:** Management aims to build a globally respected organization by leveraging the high-growth trajectory of the Indian renewable energy market. --- ### **Capital Structure & Fundraising History** To facilitate its entry into the capital-intensive solar sector, the company has executed multiple rounds of capital induction and significantly scaled its equity base. | Date | Action | Details | Purpose | | :--- | :--- | :--- | :--- | | **Aug/Sep 2023** | Preferential Allotment | **34,00,000** shares @ **₹20** | Working capital and initial expansion. | | **Sep 2025** | Proposed Issue | **1,50,00,000** shares @ **₹10** | Entry into **Solar & Renewable Energy**. | | **Mar 2026** | Revised Preferential Issue | **2,03,50,000** shares @ **₹10** | **₹20.35 Crore** total raise for Solar Sector. | **Key Capital Metrics:** * **Authorized Share Capital:** Increased dramatically from **₹21,00,000** to **₹35,00,00,000** (divided into **3.5 Crore** equity shares) in **March 2026**. * **Preference Shares:** The company introduced the option to issue **Preference Shares** to diversify funding sources and enhance capital flexibility. * **Promoter Commitment:** Promoters committed to subscribing to **16,50,000** equity shares in the **2026** issue, signaling strong internal confidence in the new direction. * **Use of Proceeds (2026):** **₹20.00 Crore** is strictly earmarked for **Solar Energy Sector** working capital, with **₹0.35 Crore** for general corporate purposes. --- ### **Legacy Operations & Revenue Drivers** While the company pivots to solar, its foundational revenue continues to be generated from its financial services and trading arm, operating as a **Single Reportable Segment** exclusively within **India**. * **Capital Market Operations:** Active engagement in investment and security processes. * **Financial Services:** Generating **Interest Income** through business finance and credit facilities. * **Trading of Goods:** General trading activities to supplement core income. * **Historical Client Base:** Previously provided business services to the **DHL Group** (as of 2023). * **Operational Strategy:** Utilizing **digitization** and financial reforms to locate new client bases and provide "quick and easy" financing. --- ### **Financial Performance Summary** The company has demonstrated a significant surge in top-line revenue, doubling its income within the last fiscal cycle. | Metric | FY 2024-25 | FY 2023-24 | Growth (%) | | :--- | :--- | :--- | :--- | | **Total Income** | **Rs. 9.42 Crore** | **Rs. 4.70 Crore** | **+100.4%** | | **Net Profit After Tax (PAT)** | **Rs. 60.48 Lakhs** | **Rs. 45.31 Lakhs** | **+33.5%** | | **Cash & Cash Equivalents** | **Rs. 0.08 Lakhs** | - | - | | **Other Bank Balances** | **Rs. 27.98 Lakhs** | - | - | **Financial Management Highlights:** * **Dividend Policy:** The Board opted **not to recommend a dividend** for **FY 2024-25**, choosing to retain earnings to strengthen the balance sheet for the solar transition. * **Accounting Standards:** Financials are prepared in accordance with **Ind AS** (Section 133 of the Companies Act, 2013). * **Asset Quality:** The company grants **unsecured loans and advances**; currently, **no overdue amounts** exist, and no loans have been extended to settle prior overdues. --- ### **Risk Management & Internal Controls** The company operates a structured risk mitigation framework overseen by the **Audit Committee**. While management confirms there are no risks currently threatening the **going concern** status, several market dynamics are monitored: **Risk Matrix:** * **Credit Risk:** Managed via strict credit limits. Note: As of **March 2023**, concentration risk existed with **two customers** accounting for over **10%** of receivables. * **Liquidity Risk:** Mitigated by maintaining sufficient cash flows to meet obligations due within **one year**. * **Market & Interest Risk:** Exposure is currently deemed **not significant** as investments are primarily in **fixed-rate instruments** and deposits. * **Regulatory Risk:** The company faces **stringent compliance** requirements and evolving **Capital Market reforms**. **Internal Control Framework:** The company maintains an **Internal Financial Control System** commensurate with its size. Recent audits confirmed **no material weaknesses** in design or operation. All transactions are recorded and verified to ensure reliable financial reporting and the safeguarding of assets. --- ### **Governance & Corporate Information** * **Leadership:** **Shri Manoj Naginlal Jain** serves as **Managing Director**, re-appointed for a **5-year** term effective **September 8, 2025**. * **Corporate Structure:** The company has **no subsidiaries, associates, or joint ventures**. * **Compliance:** All new equity allotments are issued in **dematerialized form** and are subject to statutory **lock-in periods** as per **SEBI (ICDR) Regulations**. * **Headquarters:** Mumbai, India.