Sarthak Global Limited current loans rise to Rs 14.45 crore

Sarthak Global reported current loans of Rs 14.45 crore at September 30, 2026, up Rs 4.77 crore from March 31, 2026, while cash and cash equivalents declined to Rs 8.87 lakh from Rs 1.08 crore. The September balance sheet also showed total borrowings rising by Rs 3.64 crore to Rs 13.59 crore.

Why did Sarthak Global’s current loans increase?

Sarthak Global’s current loans rose to Rs 14.45 crore at September 30, 2026, from Rs 9.68 crore at March 31, 2026, an increase of Rs 4.77 crore over the six-month period. The balance was the largest component of current financial assets, which increased to Rs 14.62 crore from Rs 11.01 crore.

The growth in loans contrasted with movements in several other current assets at September 30, 2026. Current trade receivables fell to Rs 95,000 from Rs 18.58 lakh, inventories were unchanged at Rs 30.65 lakh, and other current assets declined to Rs 2.51 lakh from Rs 3.69 lakh. Total current assets nevertheless increased to Rs 15.07 crore from Rs 11.62 crore, principally reflecting the higher current-loan balance.

The filing classifies Rs 14.45 crore as current loans but does not identify borrowers, maturity dates, interest rates, security or the stated purpose of the loans. Sarthak Global discloses two businesses, trading of commodities and share transfer agent services, but it does not allocate the current-loan balance between those businesses.

How did Sarthak Global’s borrowings change?

Sarthak Global’s total borrowings increased to Rs 13.59 crore at September 30, 2026, from Rs 9.95 crore at March 31, 2026, a rise of Rs 3.64 crore. Non-current borrowings increased by Rs 3.29 crore to Rs 12.28 crore, while current borrowings rose by Rs 35 lakh to Rs 1.31 crore.

Total liabilities reached Rs 13.63 crore at September 30, 2026, compared with Rs 10.05 crore at March 31, 2026. Total equity moved in the opposite direction, declining to Rs 1.59 crore from Rs 1.70 crore, as equity share capital remained Rs 3 crore and other equity widened to negative Rs 1.41 crore from negative Rs 1.30 crore.

Current liabilities totalled Rs 1.34 crore at September 30, 2026, against Rs 1.06 crore at March 31, 2026. The September figure included Rs 1.31 crore of current borrowings, Rs 57,000 of trade payables and Rs 2.40 lakh of other current financial liabilities; the March comparison also included Rs 6.58 lakh of other current liabilities.

What happened to Sarthak Global’s cash balance?

Sarthak Global’s cash and cash equivalents fell by Rs 98.78 lakh to Rs 8.87 lakh at September 30, 2026, from Rs 1.08 crore at March 31, 2026. The standalone cash-flow statement records a net decrease in cash and cash equivalents of Rs 98.77 lakh from continuing operations for the period ended September 30, 2026.

The cash-flow statement reports Rs 4.77 crore under loans given, current, within investing activities for the period ended September 30, 2026. Net cash used in investing activities was Rs 4.77 crore, compared with Rs 4.19 crore of cash from investing activities in the comparative column ended March 31, 2026.

Financing activities generated Rs 3.64 crore of cash in the September 30, 2026 period, after cash used in financing activities of Rs 5.89 crore in the March 31, 2026 comparative column. The cash-flow statement records Rs 3.29 crore of non-current borrowings and Rs 35 lakh of current borrowings, matching the respective increases shown in the balance sheet; it does not state that these proceeds were earmarked for loans given.

What do Sarthak Global’s assets and results show?

Sarthak Global’s total assets increased to Rs 15.22 crore at September 30, 2026, from Rs 11.75 crore at March 31, 2026. Current assets accounted for Rs 15.07 crore of the September total, while non-current assets were Rs 14.99 lakh, including Rs 12.43 lakh of non-current investments and Rs 2.26 lakh of property, plant and equipment.

Sarthak Global reported a net loss of Rs 10.90 lakh for the half year ended September 30, 2026, compared with net profit of Rs 41.33 lakh for the half year ended September 30, 2025. Loss before tax was Rs 10.87 lakh, compared with profit before tax of Rs 55.18 lakh a year earlier, while finance cost increased to Rs 17.17 lakh from Rs 16.26 lakh.

The share transfer agent segment reported revenue of Rs 16.48 lakh for the half year ended September 30, 2026, compared with Rs 15.63 lakh in the corresponding prior-year period. Sarthak Global’s results state that its other disclosed business is trading of commodities, and the unaudited standalone statements were approved by the board on November 13, 2026.

How were Sarthak Global’s September results reviewed?

Sarthak Global’s unaudited standalone results for the half year ended September 30, 2026 were reviewed by its audit committee and approved by its board on November 13, 2026. The filing states that the financial statements were prepared under Indian Accounting Standard 34, or Ind AS 34, Interim Financial Reporting.

Ashok Kumar Agrawal & Associates issued a limited review report on the September 30, 2026 standalone results. The auditor said that nothing had come to its attention to indicate that the statement did not disclose the required information or contained a material misstatement, while noting that a review is narrower in scope than an audit.

Conclusion

Sarthak Global’s September 30, 2026 balance sheet shows that a Rs 4.77 crore increase in current loans was accompanied by a Rs 3.64 crore rise in borrowings and a Rs 98.78 lakh fall in cash. Total assets rose to Rs 15.22 crore, but the half-year result changed to a Rs 10.90 lakh net loss from a Rs 41.33 lakh profit a year earlier.

The next results should show whether the Rs 14.45 crore current-loan balance is realised, maintained or expanded and whether cash recovers from Rs 8.87 lakh. The November 13, 2026 filing does not disclose the borrowers, repayment terms, interest rates or security for these current loans, leaving those details unresolved in the reported standalone statements.