Scintilla Commercial & Credit Ltd
Scintilla Commercial & Credit Q2 FY27 Net Profit at Rs. 2.05 Lacs, CFO and 4 Directors Resign
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 13 Nov 2026, 08:43 PM IST · BSE ID: da1b7afc-4eb5-45a6-bd01-4541b4755538
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported its latest quarterly financial results, with several key executives and directors resigning from their positions.
🤖 AI Summary
- Board approved unaudited financial results for the quarter and half year ended 30 September 2026.
- Net Profit for Q2 FY27 was Rs. 2.05 Lacs, with Total Comprehensive Income at Rs. 13.33 Lacs.
- Mr. Manoj Biyani resigned as Chief Financial Officer effective November 13, 2026, due to personal reasons.
- Four Non-Executive Independent Directors also tendered their resignations from the Board.
- The Board noted the re-constitution of the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Profit / (Loss) for the period (Q2 FY27)
Rs. 2.05 Lacs
Not comparable — limited prior period data.
Profit / (Loss) for the half year ended 30.09.2026
Rs. 12.08 Lacs
Not comparable — limited prior period data.
Total Comprehensive Income for the period (Q2 FY27)
Rs. 13.33 Lacs
Not comparable — limited prior period data.
Total Assets as at 30.09.2026
Rs. 1087.37 Lacs
🏢 How This Affects the Company
The company reported a net profit of Rs. 2.05 Lacs for Q2 FY27, contributing to a half-year profit of Rs. 12.08 Lacs. Total Assets stood at Rs. 1087.37 Lacs as of 30 September 2026.
The resignations of the CFO and four directors indicate significant changes in the company's senior leadership and governance structure, necessitating new appointments and committee re-constitutions.
Multiple resignations, including the CFO and independent directors, introduce governance and operational continuity risks due to leadership changes. The re-constitution of committees aims to maintain governance functions.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this filing.
👤
Who Is Affected
All shareholders are affected by the changes in senior management and board composition, which can influence future strategic direction and governance stability.
🔍
Management Signal
The resignations and subsequent committee re-constitution signal management's intent to address governance structure in response to leadership changes.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Announcement of new Chief Financial Officer appointments.
Disclosure of appointments for vacant Independent Director positions.
Next quarterly results for Q3 FY27 to assess financial performance continuity.
HIGH RISK
Multiple simultaneous resignations of key executives and independent directors pose significant governance and operational continuity risks.
💡 Investor Takeaway
Scintilla Commercial & Credit Ltd reported a Q2 FY27 Net Profit of Rs. 2.05 Lacs and a half-year profit of Rs. 12.08 Lacs. Concurrently, the CFO and four independent directors resigned, leading to immediate changes in senior leadership and committee re-constitution.
⚖️ Strengths & Concerns
✅ Positives
- The company reported a Net Profit of Rs. 2.05 Lacs for Q2 FY27, contributing to a half-year profit of Rs. 12.08 Lacs.
- Total Assets increased to Rs. 1087.37 Lacs as of 30 September 2026, from Rs. 1075.37 Lacs as of 31 March 2026.
⚠️ Concerns
- The Chief Financial Officer, Mr. Manoj Biyani, resigned effective November 13, 2026, indicating a leadership void.
- Four Non-Executive Independent Directors also resigned, leading to significant changes in board composition.
📅 Company Track Record
Scintilla Commercial & Credit Ltd's past filings include financial results for Q2 FY27 showing a profit of Rs. 2.05 Lacs and prior intimation of a Board meeting to consider these results on November 13, 2026.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Scintilla Commercial & Credit's net profit in Q2 FY27?
Scintilla Commercial & Credit Ltd reported a net profit of Rs. 2.05 Lacs for the quarter ended 30 September 2026 (Q2 FY27).
Who resigned from Scintilla Commercial & Credit's management and board?
Mr. Manoj Biyani resigned as Chief Financial Officer, and four Non-Executive Independent Directors — Ms. Ritu Agarwal, Mrs. Pooja Kalanouria, Mrs. Meena Agarwal, and Ms. Manisha Khandelwal — also tendered their resignations.
What was the total comprehensive income for Scintilla Commercial & Credit in Q2 FY27?
The Total Comprehensive Income for Scintilla Commercial & Credit Ltd for Q2 FY27 was Rs. 13.33 Lacs.
What were Scintilla Commercial & Credit's Total Assets as of 30 September 2026?
As of 30 September 2026, Scintilla Commercial & Credit Ltd's Total Assets stood at Rs. 1087.37 Lacs.
Questions based on this BSE filing only. For information purposes.