5448852026-07-012026-09-305448852026-09-305448852026-03-315448852026-04-012026-09-305448852026-07-012026-09-30in-capmkt:OtherExpenses1Member5448852026-04-012026-09-30in-capmkt:OtherExpenses1Member5448852026-09-30OtherNoncurrentFinancialAssetsDomain15448852026-09-30OtherCurrentFinancialAssetsDomain15448852026-09-30OtherCurrentAssetsDomain15448852026-09-30OtherNoncurrentFinancialLiabilitiesDomain15448852026-09-30OtherCurrentFinancialLiabilitiesDomain15448852026-09-30OtherCurrentFinancialLiabilitiesDomain25448852026-09-30OtherCurrentLiabilitiesDomain15448852026-07-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15448852026-04-012026-09-30ItemsThatWillNotBeReclassifiedToProfitAndLoss15448852026-07-012026-09-30ItemsThatWillBeReclassifiedToProfitAndLoss15448852026-04-012026-09-30ItemsThatWillBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares544885GAJANOTLISTEDINE18UN01038Gaja Alternative Asset Management LimitedMain BoardEquity2026-04-012027-03-312026-11-042026-10-30INRLakhsQuarterlySecond quarterSingle segmentThe Company is primarily engaged in managing and advising funds including Domestic Venture Capital Funds (DVCFs) and Alternative Investment Funds (AIFs) including offshore funds, which provide capital to companies in India2026-11-0408:30:002026-11-0410:00:00trueCash Flow IndirectNot applicable2026-07-012026-09-30UnauditedConsolidated384410000270697000655107000000102965000114010001273300020061000147160000507947000050794700011248000-149943000-1386950000646642000000064664200036253000682895000629907000167340006610600001673400070505100055.065.06005.065.063. Gaja Alternative Asset Management Limited and its subsidiaries (collectively referred to as "the Group") primarily is engaged in managing and advising Alternative Investment Funds (AIFs) registered under Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, as amended and also certain offshore funds, which provide capital to companies in India. <br /> <br /> 4. The above Consolidated Financial Results for the quarter and half year ended 30 September 2026, were reviewed by the Audit Committee and approved by the Board of Directors of the Holding Company at their meetings held on 04 November 2026 which have been subjected to limited review by the Statutory Auditor of the Holding Company. <br /> <br /> 5. The Consolidated Financial Results for the Quarter and Half year ended 30 September 2026, have been prepared by the Holding Company pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations, 2015”), in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under Section 133 of the Companies Act, 2013, and other accounting principles generally accepted in India. <br /> <br /> 6. During the period ended September 30, 2026, the Holding Company has completed Initial Public Offer ("IPO") of 3,43,75,000 equity shares of face value of INR 5 each at an issue price of INR 160 per share, comprising of fresh issue of 2,81,25,000 shares, issued at an offer price of INR 160 per equity share to all the allottees amounting to INR 45,000 lakhs and offer for sale of 62,50,000 equity shares by the selling shareholders. <br /> <br /> 7. During the period ended September 30, 2026, the shareholders of the Holding Company, at the Annual General Meeting held on September 26, 2026, approved a final dividend of INR 0.75 per equity share of face value INR 5 each for the year ended March 31, 2026. <br /> <br /> Subsequently, at its meeting held on November 4, 2026, the Board of Directors of Holding Company approved an interim dividend of INR 0.50 per equity share of face value INR 5 each for the financial year 2026-27. <br /> <br /> 8. The Group is in the business of providing Investment Management and Advisory Services to AIFs in India and Offshore. The Group's financial results are largely reflective of the Investment Management business and accordingly, there are no separate reportable segments as per Ind AS 108 - Operating Segment. However, the reportable segment is disclosed on the basis of geographical area as follows: <br /> <br /> (Rs. in Lakhs) <br /> Particulars <br /> Quarter ended Half year Ended Year ended <br /> 31 March 2026 <br /> 30 September 2026 30 June 2026 30 September 2025 30 September 2026 30 September 2025 <br /> India <br /> <br /> <br /> <br /> <br /> <br /> Total Income 1,806.85 3,015.01 714.07 4,821.86 2,647.29 4,517.87 <br /> Non-current assets 42,808.88 NA NA 42,808.88 NA 35,529.62 <br /> Overseas <br /> Total Income 4,744.22 2,167.81 6,201.08 6,912.03 8,390.12 11,262.88 <br /> Non-current assets 5,038.96 NA NA 5,038.96 NA 2,314.88 <br /> <br /> <br /> <br /> 9. The figures for the quarter ended September 30, 2025 were neither audited nor reviewed. <br /> <br /> 10. Gaja Capital India Fund-I has prepared its financial statements on a realisable value basis, as opposed to the going concern basis, in view of the fact that the term of the Fund is scheduled to conclude on September 30, 2027. Accordingly, the Fund will not continue as a going concern beyond this date, and its assets and liabilities have been stated at estimated realisable values to reflect this position appropriately. <br /> <br /> 11. During the current quarter ended September 30, 2026, the Holding Company has reclassified below mentioned comparative figures which are primarily to conform them to the current year classification <br /> <br /> (Rs. in Lakhs) <br /> Changes Financial Line Item Impacted Year ended <br /> 31 March 2026 <br /> <br /> Reclassification of MAT Credit from Other non-current assets to Deferred tax liabilities (net) Deferred tax liabilities (net) 514.97 <br /> Other non-current assets <br /> Financial assets held for trading reclassified from Other financial assets - current to Investments - current Investments - current 3,190.20 <br /> Other financial assets - current <br /> Carry receivable reclassified from Trade receivables to Investments - current Investments - current 10,619.56 <br /> Trade receivables <br /> Reclassification of income tax liabilities from Provisions - current to Income tax liabilities Provisions- current 97.21 <br /> Income tax liabilities <br /> Reclassification of expenses recoverable from trade receivable to Other financial assets Other financial assets - current 741.50 <br /> Trade receivables <br /> <br /> Changes FSLI Impacted Quarter ended Half year Ended <br /> 30 September 2025 Year ended <br /> 31 March 2026 <br /> 30 June 2026 30 September 2025 <br /> Reclassification of Rent expense from Other expenses to Employee benefit expense Employee benefit expense 39.75 15.75 31.50 105.48 <br /> Other expenses <br /> <br /> The above reclassification do not have any material impact on the Statement of Consolidated Unaudited Assets and Liabilities as at September 30, 2026 and on the Statement of Consolidated Unaudited Financial Results for the quarter and half year ended September 30, 2026. <br /> <br /> <br /> 12. During the current quarter, the Group reassessed the deferred tax liability recognised on income from sponsor commitment. Consequent to the change in estimate, a reversal has been recognised for the quarter and half year ended September 30, 2026, respectively. <br /> 2026-04-012026-09-30UnauditedConsolidated5407720006326170001173389000000209745000245020002166300090241000346151000827238000082723800011960000-103518000-915580000918796000000091879600033815000952611000898127000206690009319420002066900070505100057.567.56007.567.56Other Expenses20061000Other Expenses90241000173384000000553000000459646100000143860004610847000478478400001653837000392197000734088000377311100003215350006874768000399420006565600069803660000011765150000705051000103572540001106230500089009000111513140002249300000065720000882130001752700010847400002142140001964000662000659190006658100025785900032640400068539000467900039962200061383600011765150000Other Financial Assets14386000Other financial assets321535000Other current assets65656000Lease liabilities65720000Other financial liabilities220548000Lease liabilities37311000Other current liabilities68539000104010000-2141050000-137450000069512000-2009270000-16658000045616000216630004657000-5000000405660004650001403000484860008409000-5446000000-38593000-33228700020640000-1207501000-38026300000026690000-3829320000006850390000000024259000000000000000000001403000372980000-3222085000-38926820000045000000000000005998600012936000092150000-1525220004265341000-102730003361700023344000710744000734088000Remeasurement of post-employment benefit obligations17460001746000Remeasurement of post-employment benefit obligations27500027500050500077000Exchange differences on translation of foreign operations3501200035012000Exchange differences on translation of foreign operations3361700033617000003625300033815000