INTEGRATED FILING — NBFC



General information about company

Scrip code 543663
NSE Symbol FIVESTAR
MSEI Symbol NA
ISIN INE128S01021
Name of company FIVE-STAR BUSINESS FINANCE LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 28-04-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 20-04-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Financial Services
Start date and time of board meeting 28-04-2026   14:00:00
End date and time of board meeting 28-04-2026   18:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 28-04-2026
Indicate Company website link for updated RPT policy of the Company https://fivestargroup.in/investors/
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
There are no defaults on loans and debt securities, hence not Applicable


Financial Results — NBFC

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations
(i) Interest Income 79,545.22 3,12,912.22
(ii) Dividend Income 0.00 0.00
(iii) Rental Income 0.00 0.00
(iv) Fees and commission Income 1,413.24 4,654.68
(v) Net gain on fair value changes 736.08 4,245.45
(vi) Net gain on derecognition of financial instruments under amortised cost category 0.00 0.00
(vii) Sale of products (including Excise Duty) 0.00 0.00
(viii) Sale of services 0.00 0.00
(ix) Other revenue from operations
Total other revenue from operations
Total Revenue From Operations 81,694.54 3,21,812.35
Other income 911.28 2,784.82
Total income 82,605.82 3,24,597.17
2 Expenses
Cost of materials consumed 0.00 0.00
Purchases of stock-in-trade 0.00 0.00
Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
Employee benefit expense 17,047.51 62,988.77
Finance costs 18,138.70 73,718.74
Depreciation, depletion and amortisation expense 1,009.67 3,704.67
Fees and commission expense 0.00 0.00
Net loss on fair value changes 0.00 0.00
Net loss on derecognition of financial instruments under amortised cost category 0.00 0.00
Impairment on financial instruments 6,040.01 21,631.72
(f) Other expenses
1 Other expenses 4,656.97 16,271.57
Total other expenses 4,656.97 16,271.57
Total expenses 46,892.86 1,78,315.47
3 Total profit before exceptional items and tax 35,712.96 1,46,281.70
4 Exceptional items 0.00 0.00
5 Total profit before tax 35,712.96 1,46,281.70
7 Tax expense
8 Current tax 5,956.48 36,503.91
9 Deferred tax 2,829.70 (96.74)
10 Total tax expenses 8,786.18 36,407.17
11 Net Profit Loss for the period from continuing operations 26,926.78 1,09,874.53
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
17 Net profit (loss) from discontinued operation after tax 0.00 0.00
14 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
15 Total profit (loss) for period 26,926.78 1,09,874.53
16 Other comprehensive income net of taxes 788.97 774.87
17 Total Comprehensive Income for the period 27,715.75 1,10,649.40
18 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
19 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
20 Details of equity share capital
Paid-up equity share capital 29,51,75,278.00 29,51,75,278.00
Face value of equity share capital 1 1
21 Reserves excluding revaluation reserve 7,35,063.61
22 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings per share from continuing operations 9.14 37.31
Diluted earnings per share from continuing operations 9.16 37.25
ii Earnings per equity share for discontinued operations
Basic earnings per share from discontinued operations 0 0
Diluted earnings per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings per share 9.14 37.31
Diluted earnings per share 9.16 37.25
23 Debt equity ratio
24 Debt service coverage ratio
25 Interest service coverage ratio
26 Disclosure of notes on financial results Textual Information(1)


Remarks

23 Debt equity ratio
24 Debt service coverage ratio
25 Interest service coverage ratio


Text Block

Textual Information(1) 1 Five-Star Business Finance Limited (the ''Company'') is a Systemically Important Non-Deposit taking Non-Banking Finance Company (NBFC-ND-SI) registered with the Reserve Bank of India (the ''RBI''). These financial results have been prepared in accordance with the Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting Standards) Rules, 2015 (as amended) and other accounting principles generally accepted in India and in terms of Regulation 33 and 52 of the Securities Exchange Board of India (''SEBI'') (Listing Obligations and Disclosure Requirements) Regulations 2015 (as amended). Any application guidance / clarification / directions issued by the Reserve Bank of India are implemented as and when they are issued / become applicable. This statement of financial results for the quarter and year ended March 31, 2026 (''Financial Results'') have been reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meetings held on April 27, 2026 and April 28, 2026 respectively. 2 During the year ended March 31, 2026, under the Five-Star Associate Stock Option Schemes, 4,38,178 options (19,77,880 for the year ended March 31, 2025) were exercised by the employees and allotted and 1,150 options were exercised by the employees and pending allotment as of March 31, 2026. The total outstanding employee stock options as of March 31, 2026 is 19,24,050 at a face value of INR 1 (33,78,460 as at March 31, 2025). 3 Basis the approval of the shareholders on September 13, 2024, the Company issued 4,10,000 convertible share warrants amounting to INR 3,157 lakhs (Including a premium of INR 769 per warrant) on a preferential basis, which will be converted into equity shares in the ratio of 1:1. The Company fully allotted the share warrants upon receipt of 25% of the proceeds on October 24, 2024. During the year ended March 31, 2026, 3,10,000 warrants were exercised by the employees and equity shares were allotted. Subsequent to the year end, 1,00,000 warrants have not been exercised and consequentially lapsed upon expiry of 18 months. 4 All debentures are secured by an exclusive first charge on book debts and certain debentures by pari passu charge on immovable property with security cover ranging from 1.00 to 1.25 times of outstanding amount at any point in time. The security cover over listed non-convertible debentures as of March 31, 2026 is 1.20 times. 5 Disclosures in compliance with Regulation 52(4) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 for the quarter and year ended March 31, 2026 is attached as Annexure-I. 6 The Company is primarily in the business of financing and accordingly there are no separate reportable segments in accordance with Ind AS 108 on Operating Segments in respect of the Company. The Company operates in a single geographical segment i.e. India. 7 Disclosures pursuant to RBI Notification - RBI/DOR/2021-22/86 DOR.STR.REC.51/21.04.048/2021-22 dated September 24, 2021 (as amended from time to time): a. The Company has not transferred or acquired any loan not in default during the period ended March 31, 2026 b. The Company has not transferred or acquired any stressed loan during the period ended March 31, 2026 8 The Board of Directors of the Company have recommended a final dividend of INR 2.00 per share, (200% on the face value of Re 1/-) for the year ended March 31, 2026 which is subject to approval of the shareholders. 9 Disclosure as per format prescribed under notification RBl/2020-21/16 DOR No BP BC/3/21.04 048/2020-21 dated August 06, 2020 and RBI/2021-22/31/DOR.STR.REC.11/21.04.048/2021-22 dated May 5, 2021 for the half year ended March 31, 2026 (borrowers who has been provided restructuring under RBI Resolution Framework – 2.0): 10 The Government of India has consolidated multiple existing labour legislations into a unified framework comprising four Labour Codes collectively referred to as the 'New Labour Codes' on November 21, 2025. Accordingly, the Company has assessed the impact of these changes and based on certain estimates and assumptions, has recognised an incremental provision of INR 262.29 lakhs under 'Employee benefits expenses' in the results during the year ended March 31, 2026, based on available information. 11 The financial results are also available on the stock exchange websites www.bseindia.com and www.nseindia.com and on the Company's website https://fivestargroup.in/. 12 The Company does not have any subsidiary, associate or joint venture as on March 31, 2026. 13 The figures for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between audited figures in respect of financial year ended March 31, 2026/March 31, 2025 and the unaudited published year-to-date figures upto December 31, 2025/December 31, 2024 being the date of the end of the third quarter of the financial year. 14 The previous year's / period's figures have been regrouped/ reclassified wherever necessary, to correspond with the current period classification or disclosure.


Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1,46,281.70
Adjustments for reconcile profit (loss)
Adjustments for finance costs 73,718.74
Adjustments for decrease (increase) in inventories 0.00
Adjustments for decrease (increase) in trade receivables, current 0.00
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 696.64
Adjustments for other financial assets, non-current (1,54,919.20)
Adjustments for other financial assets, current 213.48
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 509.02
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities (28.19)
Adjustments for depreciation and amortisation expense 3,704.67
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 21,631.72
Adjustments for provisions, current 1,154.66
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 833.51
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 3,12,912.22
Adjustments for share-based payments 642.33
Adjustments for fair value losses (gains) (4,245.45)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (14.40)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (3,69,014.69)
Net cash flows from (used in) operations (2,22,732.99)
Dividends received 0.00
Interest paid 73,494.54
Interest received 3,06,498.50
Income taxes paid (refund) 36,699.46
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (26,428.49)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 11.06
Purchase of property, plant and equipment 2,563.96
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 4,245.44
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 9,101.83
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 12,043.79
Net cash flows from (used in) investing activities 22,838.16
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 7.48
Proceeds from issuing other equity instruments 2,144.46
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 2,90,627.29
Repayments of borrowings 2,69,296.11
Payments of lease liabilities 1,888.34
Dividends paid 5,888.98
Interest paid 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 15,705.80
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 12,115.47
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 12,115.47
Cash and cash equivalents cash flow statement at beginning of period 1,49,674.05
Cash and cash equivalents cash flow statement at end of period 1,61,789.52




Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Finanical Asset
Cash and cash equivalents 1,61,789.52
Bank Balance other than (a) above 53,105.57
Derivative financial instruments 6,165.94
Receivables
(I) Trade Receivables 0.00
(II) Other Receivables 0.00
Loans 12,98,477.61
Investments 22,713.60
Other Financial assets
1 Other financial assets 7,914.78
Total of Other Financial assets 7,914.78
Total Financial Assets 15,50,167.02
2 Non Financial Asset
Inventories 0.00
Current tax assets (Net) 1,111.69
Deferred tax Assets (Net) 8,557.22
Investment Property 3.56
Biological assets other than bearer plants 0.00
Property, Plant and Equipment 2,639.99
Capital work-in-progress 7,208.34
Intangible assets under development 0.00
Goodwill 0.00
Other Intangible assets 573.61
Other non-financial assets
1 Right of use asset 5,608.85
2 Other non-financial assets 3,103.60
Total of Other non-financial assets 8,712.45
Total Non Financial Assets 28,806.86
Total assets 15,78,973.88
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2,951.75
Other equity 7,35,063.61
Total equity attributable to owners of parent 7,38,015.36
Non controlling interest
Total equity 7,38,015.36
2 Liabilities
2.1 Financial Liabilities
(a) Derivative financial instruments 0.00
(b) Payables 0.00
(I)Trade Payables
(i) total outstanding dues of micro enterprises and small enterprises 118.62
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises 3,062.26
II) Other Payables
(i) total outstanding dues of micro enterprises and small enterprises 0.00
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
(C ) Debt Securities 78,323.23
(d) Borrowings (Other than Debt Securities) 7,41,719.77
(e) Deposits 0.00
(f) Subordinated Liabilities 0.00
Other financial liabilities
1 Other financial liabilities 10,586.48
Total of Other financial liabilities 10,586.48
Total Financial Liabilities 8,33,810.36
2.2 Non-Financial Liabilities
(a) Current tax liabilities (Net) 1,455.66
(b) Provisions 3,733.53
(C ) Deferred tax liabilities (Net) 0.00
Other non-financial liabilities
1 Other non-financial liabilities 1,958.97
Total of Other non-financial liabilities 1,958.97
Total Non Financial Liabilities 7,148.16
Total liabilities 8,40,958.52
Total equity and liabilites 15,78,973.88
Disclosure of notes on assets and liabilities


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments


Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of the defined benefit plans (net) 28869000 86463000
Total Amount of items that will not be reclassified to profit and loss 28869000 86463000
2 Income tax relating to items that will not be reclassified to profit or loss 72.66 217.61
3 Amount of items that will be reclassified to profit and loss
1 The effective portion of gain and loss on hedging instruments in a cash flow hedge 76563000 17085000
Total Amount of items that will be reclassified to profit and loss 76563000 17085000
4 Income tax relating to items that will be reclassified to profit or loss 192.69 43.00
5 Total Other comprehensive income 788.97 774.87




Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Deloitte Haskins & Sells Yes 30-04-2028


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Preferential Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 23-03-2026
Amount Raised 17,90,25,000.00
Report filed for Quarter ended 31-03-2026
Monitoring Agency Not Applicable
Monitoring Agency Name, if applicable
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation false
Comments of the Audit Committee after review false
Comments of the auditors, if any false
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any


Signatory Details

Name of signatory Vigneshkumar SM
Designation of person Company Secretary and Compliance Officer
Place Chennai
Date 28-04-2026




Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)

Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Five-Star Business Finance Limited Lakshmipathy Deenadayalan Chairman and Managing Director Remuneration Prior Approval obtained from Audit Committee 461.71 268.63 413.28 Textual Information(1)
Total value of transaction during the reporting period 461.71



Text Block

Textual Information(1) Disclosed in accordance with Regulation 23 of SEBI LODR