Annual Report for the FY 2025-26

KIFS FINANCIAL SERVICES LIMITED Registered and Corporate Office: 4th Floor, KIFS Corporate House (Khandwala House), Nr. Land Mark Hotel, Nr. Neptune House, Iskon-Ambli Road, Bodakdev, Ahmedabad – 380054, Gujarat, India. CIN: L67990GJ1995PLC025234, Tel.: +91 79 69240000 – 09, NBFC RBI Reg.: 01.00007, Email: cs@kifs.co.in, Website: www.kifsfinance.com Date: September 2, 2026 The Corporate Relationship Department, Bombay Stock Exchange, P. J. Towers, Dalal Street, Mumbai – 400001, Maharashtra, India. Scrip code: 535566 Subject: Submission of notice of the 31st annual general meeting (AGM) and the annual report for the financial year 2025-26 Reference: Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir / Madam, This is to inform that the 31st AGM of the company is scheduled to be held on Tuesday, September 29, 2026 at 04:00 P.M. (IST) through video conferencing (“VC”) / other audio visual means (“OAVM”) in accordance with the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. Pursuant to regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the annual report for the financial year 2025-26 which includes notice of the 31st AGM, which is being sent in soft copies to all those shareholder(s) who have registered their email addresses either with the company / RTA or with any depository and letters providing the web-link, including the exact path, where complete details of the annual report is available are also being sent to those shareholders who have not so registered their email addresses. The 31st annual report containing the notice of the ensuing AGM is also available on the company’s website at http://www.kifsfinance.com/category/annual-reports.php. Kindly take the same on your records. Thanking you, Yours faithfully, For KIFS Financial Services Limited Durgesh D. Soni Company Secretary & Compliance officer ICSI Mem. No.: A38670 Encl.: Copy of annual report for the financial year 2025-26 KIFS FINANCIAL SERVICES LIMITED Registered office KIFS Financial Services Limited 4th Floor, KIFS Corporate House, Nr. Land Mark Hotel, Nr. Neptune House, Iskon-Ambli Road, Bodakdev, Ahmedabad – 380054, Gujarat, India. CIN: L67990GJ1995PLC025234, Ph. No.: +91 79 69240000 – 09, Email: cs@kifs.co.in, Website: www.kifsfinance.com 31st Annual Report | 2025-26 annual report 2025-26 Contents Contents Corporate information 1 Notice of the 31st annual general meeting 2 Directors’ report 14 Annual report on CSR activities 22 Secretarial audit report 26 Annual secretarial compliance report 31 Management discussion and analysis report 36 Corporate governance report 40 MD & CFO certification 52 Auditors’ certificate on corporate governance 53 Certificate of non-disqualification of directors 54 Independent auditors’ report 55 Balance sheet 64 Statement of profit and loss 65 Statement of changes in equity 66 Cash flow statement 67 Notes forming part of the financial statements 69 KIFS FINANCIAL SERVICES LIMITED CORPORATE INFORMATION 31ST ANNUAL GENERAL MEETING BANKERS Tuesday, September 29, 2026 HDFC Bank – Ahmedabad Bank of Maharashtra – Ahmedabad BOARD OF DIRECTORS IndusInd Bank – Mumbai Mr. Rajesh P. Khandwala Chairman & managing director REGISTRAR & SHARE TRANSFER AGENT Mr. Vimal P. Khandwala (RTA) Executive director MUFG Intime India Private Limited Mrs. Sonal R. Khandwala (Formerly known as Link Intime India Director Private Limited) Mr. Sharvil B. Suthar REGISTERED OFFICE ADDRESS OF RTA Independent director Mr. Rajesh G. Parekh C-101, 247 Park, L.B.S. Marg, Vikhroli (W), Independent director Mumbai – 400083, Maharashtra, India. Mr. Dixit D. Shah Ph. no.: +91 22 49186270, Independent director Fax: +91 22 49186000, Email: mumbai@in.mpms.mufg.com COMPANY SECRETARY & COMPLIANCE AHMEDABAD BRANCH OFFICE OFFICER ADDRESS OF RTA Mr. Durgesh D. Soni 506-508, Amarnath Business Center – 1, Besides Gala Business Center, CHIEF FINANCIAL OFFICER Nr. St. Xavier’s College Corner, Mr. Bhavik J. Shah Off C. G. Road, Navrangpura, REGISTERED & CORPORATE OFFICE Ahmedabad – 380009, Gujarat, India. 4th Floor, KIFS Corporate House, Ph. no.: +91 79 26465179, 86, 87, Nr. Land Mark Hotel, Nr. Neptune House, Fax: +91 79 26465179, Iskon-Ambli Road, Bodakdev, Email: Ahmedabad – 380054, Gujarat, India. investor.helpdesk@in.mpms.mufg.com, Ph. no.: +91 79 69240000 – 09, Website: www.in.mpms.mufg.com Email: cs@kifs.co.in, ISIN Website: www.kifsfinance.com INE902D01013 STATUTORY AUDITORS BSE SCRIP CODE M/s. Bimal Shah Associates, 535566 Chartered accountants, Ahmedabad SECRETARIAL AUDITORS L67990GJ1995PLC025234 M/s. Prachi Bansal & Associates, Practicing company secretary, Faridabad INTERNAL AUDITORS M/s. Parikh Shah & Associates, Practicing chartered accountant, Ahmedabad annual report 2025-26 Notice annual general meeting Notice of 31st annual general meeting NOTICE is hereby given that the 31st annual general meeting of the members of KIFS Financial Services Limited is scheduled to be held on Tuesday, September 29, 2026 at 4:00 pm through electronic mode [video conference (“VC”) or other audio visual means (“OAVM”)] to transact the following business: Ordinary businesses Item no. 1 – Adoption of financial statements To receive, consider and adopt the audited financial statements of the company for the financial year ended on March 31, 2026 together with reports of the directors and auditors thereon. Item no. 2 – Declaration of final dividend To declare a final dividend on equity shares of the company for the financial year ended on March 31, 2026. Item no. 3 – Re-appointment of director(s) retiring by rotation To appoint a director in place of Mr. Vimal Parmanand Khandwala (DIN: 00477768), who retires by rotation and being eligible, offers himself for re-appointment. Explanation: Based on the respective terms of appointment(s), executive directors and non-independent non- executive directors are subject to retirement by rotation. Mr. Vimal Parmanand Khandwala, executive director, initially appointed as director of the company on January 25, 2021 and lastly re-appointed by retiring by rotation at 28th annual general meeting held on September 29, 2023, and whose office is liable to retire by rotation at the ensuing annual general meeting, being eligible, seeks reappointment. Based on performance evaluation and the recommendation of the nomination and remuneration committee, the board recommends his reappointment. To consider and if thought fit, to pass the following resolution as an ordinary resolution: “RESOLVED THAT pursuant to the provisions of section 152 and other applicable provisions of the Companies Act, 2013, the approval of members of the company, be and is hereby accorded to re-appoint Mr. Vimal Parmanand Khandwala (DIN: 00477768) as a director, who is liable to retire by rotation.” Registered & corporate office By order of board of directors 4th Floor, KIFS Corporate House, Nr. Land Mark Hotel, For KIFS Financial Services Limited PPP PPP Nr. Neptune House, Iskon-Ambli Road, Bodakdev, Ahmedabad – 380054, Gujarat, India. CIN: L67990GJ1995PLC025234, Rajesh P. Khandwala Ph. no.: +91 79 69240000 – 09, (Chairman & managing director) Email: cs@kifs.co.in, (DIN: 00477673) Website: www.kifsfinance.com Ahmedabad, August 13, 2026 KIFS Financial Services Limited gniteem lareneg launna ts13 ecitoN 62-5202 | troper launna ts13 Notes 1. An explanatory statement pursuant to section 102 of the Companies Act, 2013, (‘the Act’) relating to the special businesses, if any, to be transacted at the annual general meeting (‘AGM’) is annexed hereto. 2. Pursuant to the circular no. 14/2020 dated April 08, 2020, circular no. 17/2020 dated April 13, 2020 and other clarification(s) issued by the Ministry of Corporate Affairs followed by circular no. 20/2020 dated May 5, 2020, circular no. 02/2021 dated January 13, 2021, circular no. 21/20 [Showing first 8,000 characters — download PDF for full document]