5436632025-10-012025-12-315436632025-04-012025-12-315436632025-10-012025-12-31in-capmkt:OtherExpenses1Member5436632025-04-012025-12-31in-capmkt:OtherExpenses1Member5436632025-10-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15436632025-04-012025-12-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15436632025-10-012025-12-31ItemsThatWillBeReclassifiedToProfitAndLoss15436632025-04-012025-12-31ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRxbrli:pureiso4217:INRxbrli:shares543663FIVESTARNAINE128S01021FIVE-STAR BUSINESS FINANCE LIMITEDMain BoardEquity2025-04-012026-03-312026-01-282026-01-21INRLakhsQuarterlyThird quarterSingle segmentFinancial Services2026-01-2814:00:002026-01-2816:50:00Not applicablefalsefalseNot Applicable2025-10-012025-12-31UnauditedStandalone795862700000115540000764840000008150651000715870008222238000000159718000018853250009614400000057095100038450800045341080003688130000036881300001094993000-177141000917852000277027800000002770278000-54358000271592000029453400019.419.38009.419.380.0116001. 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 nine months ended December 31, 2025 ("Financial Results") have been reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meetings held on January 27, 2026 and January 28, 2026 respectively. ' 2. During the nine months ended December 31, 2025, under the Five-Star Associate Stock Option Schemes, 1,06,448 options (9,78,025 for the nine months ended December 31, 2024) were exercised by the employees and allotted and 10,750 options were exercised by the employees and pending allotment as of December 31, ' 2025. The total outstanding employee stock options as of December 31, 2025 is 24,76,402 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!NR 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. ' 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 December 31, 2025 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 nine months ended December 31, 2025 is attached as Annexure-1. ' 6. The Company is primarily in the business of financing and accordingly there are no separate reportable segments in accordance with Ind AS I 08 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 December 31, 2025 ' b. The Company has not transferred or acquired any stressed loan during the period ended December 31, 2025 ' 8. 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 209 .40 lakhs under 'Employee benefits expenses' in the results during the quarter and nine months ended December 31, 2025, based on available information. The impact on the cost will be re-assessed and finalised based on the final Rules and industry practices. ' 9. 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/. ' 10. The Company does not have any subsidiary, associate or joint venture as on December 31, 2025. ' 11. The previous year's/ period's figures have been regrouped/ reclassified wherever necessary, to correspond with the current period classification or disclosure2025-04-012025-12-31UnauditedStandalone23336700000003241440003509370000002401178100018735400024199135000000459412600055580040002695000000001559171000116146000013142261000110568740000110568740003054743000-2926440002762099000829477500000008294775000-14100008293365000294534000128.1728.090028.1728.090.011600Other expenses384508000Other expenses1161460000Remeasurements of the defined benefit plans (net)-930000-930000Remeasurements of the defined benefit plans (net)5759400057594000-23400014495000The effective portion of gain and loss on hedging instruments in a cash flow hedge-71709000-71709000The effective portion of gain and loss on hedging instruments in a cash flow hedge-59478000-59478000-18047000-14969000-54358000-1410000