About the Company

Srestha Finvest Limited (CIN: L65993TN1985PLC012047) is a Non-Banking Financial Company (NBFC) registered with the RBI. The company is engaged in providing financial services and investment activities. It operates from its registered office at Door No. 19 & 20, General Muthiah Mudali Street, Sowcarpet, Chennai – 600003.

Business Segments

The company is primarily engaged in NBFC activities. Detailed segmental revenue contribution is not disclosed.

Key Management

• Mrs. Sitaben S Patel – Chairperson, Non-Executive Independent Director

• Mr. Mayurdwajsinh Sahadevsinh Rana – Non-Executive Non-Independent Director

• Mr. Sahadevsinh Babubha Rana – Non-Executive Non-Independent Director

• Mr. Umeshbhai Hirjibhai Padariya – Non-Executive Independent Director

• Mr. Sunil Bhandari – Wholetime Director & Chief Financial Officer

• Mr. A. Jitendra Kumar Bafna – Company Secretary & Compliance Officer

Latest Updates

• Financial Performance: The company reported a standalone loss of ₹3,498.44 lakhs in FY 2024–25 compared to a profit of ₹173.86 lakhs in FY 2023–24. On a consolidated basis, the loss was ₹3,510.32 lakhs.

• Dividend: No dividend was recommended for FY 2024–25 due to losses.

• Capital Restructuring: Issued 24,00,00,000 equity shares of ₹2 each on a rights basis, followed by a share split into ₹1 per share. Paid-up capital now stands at ₹164 crores (16.4 crore equity shares of ₹1 each).

• Subsidiary: Incorporated a wholly owned subsidiary, Srestha Greentech Pvt. Ltd., on July 30, 2024.

• Secretarial Auditor Appointment: M/s. SPAN & Co., Company Secretaries LLP, appointed as Secretarial Auditor for FY 2025–30.

• Audit Reports: Both Statutory and Secretarial Audit Reports for FY 2024–25 contained no adverse remarks.

• Board Meetings: The Board met 12 times during FY 2024–25.

• Compliance: Company continues to comply with RBI NBFC regulations, SEBI LODR requirements, and applicable Secretarial Standards.

• Corporate Governance: Independent auditors certified compliance with SEBI corporate governance requirements.

• No Public Deposits: The company has not accepted any public deposits during FY 2024–25.

• No Significant Orders: No material orders were passed by regulators, courts, or tribunals impacting business operations.