INVENTURE - Inventure Grow.
📢 Recent Corporate Announcements
Inventure Growth & Securities Limited has approved its standalone and consolidated financial results for the quarter ended December 31, 2025. The board meeting, held on February 12, 2026, included a review of the company's performance by statutory auditors M/s CGCA & Associates LLP. The filing confirms compliance with SEBI's Listing Obligations and Disclosure Requirements. Investors should note that this announcement marks the formal release of the third-quarter performance data for the fiscal year.
- Board approved unaudited standalone and consolidated financial results for Q3 ended Dec 31, 2025
- Statutory auditors M/s CGCA & Associates LLP submitted a Limited Review Report
- The board meeting was conducted between 11:30 AM and 03:00 PM on February 12, 2026
- Results are filed in accordance with Regulation 33 of SEBI (LODR) Regulations, 2015
Inventure Growth & Securities Limited has approved its unaudited standalone and consolidated financial results for the quarter ended December 31, 2025. The board meeting, held on February 12, 2026, concluded with the submission of the results and the Limited Review Report from statutory auditors M/s CGCA & Associates LLP. This filing is a mandatory regulatory requirement under SEBI Listing Regulations to disclose quarterly performance. Investors should note that the specific financial figures were not detailed in the cover letter but are now part of the public record for analysis.
- Board approved unaudited standalone and consolidated financial results for the quarter ended Dec 31, 2025.
- Limited Review Report provided by statutory auditors M/s CGCA & Associates LLP.
- The board meeting commenced at 11:30 AM and concluded at 03:00 PM on February 12, 2026.
- Filing complies with Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
Inventure Growth & Securities Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by MUFG Intime India Private Limited, covers the quarter ended December 31, 2025. It confirms that share certificates received for dematerialization were processed, and the securities were listed on the stock exchanges. This filing is a standard administrative requirement to ensure the accuracy of the company's share registry.
- Compliance certificate submitted for the quarter ended December 31, 2025.
- Issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited.
- Confirms that dematerialized securities are listed on the BSE and NSE.
- Verification that physical certificates were mutilated and cancelled as per SEBI guidelines.
- Confirms the name of depositories substituted in the register of members within prescribed timelines.
SEBI has revoked the directions previously issued in an interim order dated May 14, 2025, against Inventure Merchant Banker Services Private Limited (IMBSPL), a wholly-owned subsidiary of Inventure Growth & Securities. This revocation, received on December 29, 2025, provides immediate regulatory relief to the subsidiary. However, SEBI clarified that this vacation of orders is based on tentative observations and a detailed investigation is still ongoing. The final impact on the company will depend on the outcome of the comprehensive probe currently being conducted by the regulator.
- SEBI vacated directions issued in the interim order dated May 14, 2025, against subsidiary IMBSPL.
- The revocation order was officially received by the company on December 29, 2025.
- The vacation of directions provides temporary relief from restrictions previously imposed on the merchant banking arm.
- A detailed investigation by SEBI remains pending and will proceed independently of these tentative observations.
Inventure Growth & Securities Limited has announced the closure of its trading window for all designated persons and their relatives starting January 1, 2026. This routine regulatory measure is in preparation for the declaration of the company's Unaudited Standalone and Consolidated Financial Results for the quarter ending December 31, 2025. The window will remain closed until 48 hours after the financial results are officially announced to the exchanges. The specific date for the Board Meeting to approve these results will be communicated at a later time.
- Trading window closure effective from Thursday, January 1, 2026.
- Closure relates to the Unaudited Financial Results for the quarter ended December 31, 2025.
- Window remains closed until 48 hours post-declaration of results.
- Applies to all Designated Persons and their Immediate Relatives under SEBI Insider Trading regulations.
Inventure Growth & Securities Limited has received 'No adverse observation' letters from both BSE and NSE regarding its proposed composite Scheme of Arrangement. The scheme involves the amalgamation of four subsidiaries into the parent company, followed by the demerger of the 'Lending Business Undertaking' into a separate entity, Inventure Wealth Management Limited. This regulatory clearance is a significant milestone, allowing the company to move forward with filing the scheme before the National Company Law Tribunal (NCLT). The restructuring aims to consolidate group entities and create a focused lending business unit.
- Received 'No objection' letters from BSE and NSE on December 22, 2025, for the proposed restructuring.
- Amalgamation of 4 subsidiaries (Inventure Finance, Commodities, Insurance Broking, and Developers) into the parent company.
- Demerger of the 'Lending Business Undertaking' into Inventure Wealth Management Limited (IWML).
- The company must file the scheme with the NCLT within the 6-month validity period of the observation letter.
- Final implementation is strictly subject to obtaining a No Objection Certificate (NOC) from the Reserve Bank of India (RBI).
Financial Performance
Revenue Growth by Segment
Equity/Commodity Broking & Other Related revenue was INR 1.1 Cr (down 24.25% YoY); Financing & Other Related Activity revenue was INR 0.5 Cr (down 17.64% YoY); Merchant Banking & Other related activities revenue was INR 0.03 Cr (up 56% YoY); Others revenue was INR 0.04 Cr (up 1.58% YoY).
Profitability Margins
Net Profit for FY 2024-25 was INR 15.11 Lakhs, a sharp decline of 97.5% from INR 603.74 Lakhs in FY 2023-24. Q4 FY25 reported a Net Loss of INR 439.15 Lakhs, representing a 553.5% YoY de-growth.
EBITDA Margin
Not explicitly disclosed for FY25; however, historical EBITDA margins were healthy at 22.44% in FY2021. Current profitability is under severe pressure with Net Profit margins collapsing to near zero for the full year FY25.
Credit Rating & Borrowing
Assigned IVR BB+/Stable and IVR A4+ in March 2022; however, the rating was withdrawn in February 2023 at the company's request. Debt Equity Ratio stood at 0.09 in FY 2024-25.
Operational Drivers
Raw Materials
Not applicable as the company is a service provider in the financial sector.
Raw Material Costs
Not applicable; however, total expenses grew 20% YoY to INR 4,131.28 Lakhs in FY 2024-25, primarily driven by operational costs in the broking business.
Manufacturing Efficiency
Not applicable; however, the company maintains automated key areas of operations to minimize human intervention.
Strategic Growth
Expected Growth Rate
18-22%
Growth Strategy
The company plans to capitalize on the brokerage industry's expected growth by leveraging its 30-year track record and experienced management. Key strategies include expanding the Margin Trading Facility (MTF) book, which is a major industry driver, and maintaining a diversified client base of both retail and institutional investors while utilizing digital platforms to reduce operational costs.
Products & Services
Equity broking, derivatives trading, commodity broking, depository services (Demat accounts), merchant banking, investment advisory, mutual fund distribution, and insurance distribution.
Brand Portfolio
Inventure, Inventure Growth & Securities Limited.
External Factors
Industry Trends
The industry is seeing a massive shift toward derivatives, with monthly F&O turnover reaching INR 8,740 lakh crore in March 2024. There is also a trend toward increased leverage through Margin Trading Facilities (MTF).
Competitive Landscape
Intense competition from established traditional players and rapidly growing fintech/discount brokers who are disrupting the fee structure of the industry.
Competitive Moat
The company's moat is built on a three-decade track record and the experience of promoters like Mr. Kanji B. Rita. However, this moat is challenged by technology-focused new entrants and discount brokers.
Macro Economic Sensitivity
Highly sensitive to Indian GDP growth (8.2% YoY) and global economic conditions (3.2% forecast), which directly influence investor sentiment and trading volumes.
Consumer Behavior
Retail investors are increasingly favoring derivatives trading over equity cash segments, as evidenced by the record surge in F&O turnover.
Geopolitical Risks
Geopolitical tensions and global market uncertainties can lead to unpredictable market movements, affecting investment returns and client trading activity.
Regulatory & Governance
Industry Regulations
Regulated by SEBI for stock broking, depository participation, and investment advisory. Compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is mandatory.
Taxation Policy Impact
Tax expense for Q4 FY25 was INR -72.86 Lakhs compared to INR 133 Lakhs in the same quarter of the previous year.
Legal Contingencies
Minor penalties have been levied by SEBI/exchanges in the ordinary course of business, but the company states these have no material impact on operations.
Risk Analysis
Key Uncertainties
Market volatility (Sensex/Nifty fluctuations) can lead to a substantial decline in trading volumes, impacting profitability by an estimated 97.5% as seen in FY25 results.
Third Party Dependencies
High dependency on regulatory bodies (SEBI) and stock exchanges for operational continuity.
Technology Obsolescence Risk
Risk of being outpaced by fintech companies; the company is mitigating this by maintaining highly digitalized processes.
Credit & Counterparty Risk
Risk of clients failing to honor commitments on exposure limits, which could have a material adverse effect on operational profitability.