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). Reported Earnings • Feb 16
Third quarter 2026 earnings released: ₹0.23 loss per share (vs ₹0.02 loss in 3Q 2025) Third quarter 2026 results: ₹0.23 loss per share (further deteriorated from ₹0.02 loss in 3Q 2025). Net loss: ₹991.0k (loss widened ₹903.0k from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 146 percentage points per year, which is a significant difference in performance. 
