Board Change • Jun 10
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Non-Executive Non Independent Woman Director Mahima Ahuja is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Mar 12
MFS Intercorp Limited announced that it has received INR 38.0625 million in funding On March 12, 2026, MFS Intercorp Limited closed the transaction. The company issued 6,000,000 convertible warrants at a price of INR 3.75 for aggregate proceeds of INR 22,500,000 in its second and final tranche. The tranche included participation from Bhut Yash Lalitkumar for 1,600,000 warrants, Narnavre Rutik for 1,600,000 warrants, Panchal Jainil for 1,600,000 warrants and Bhalani Grishma for 1,200,000 warrants. New Risk • Feb 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.0% average weekly change). Earnings have declined by 44% per year over the past 5 years. Revenue is less than US$1m (₹765k revenue, or US$8.4k). Market cap is less than US$10m (₹81.9m market cap, or US$900.9k). 
