Integrated filing as on 31st march 2026
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Amarnath Securities Ltd, a listed NBFC (Scrip Code: 538465), reported a massive net loss of Rs. 520.91 Lacs for FY2026, swinging from a profit of Rs. 27.24 Lacs in the prior year. The primary driver was a Rs. 539.52 Lacs loss on derecognition of financial assets at amortized cost. Total income grew to Rs. 81.01 Lacs from Rs. 38.93 Lacs. The company's net worth turned negative at Rs. -73.04 Lacs (from positive Rs. 447.87 Lacs previously), and total assets collapsed to Rs. 6.49 Lacs from Rs. 541.70 Lacs. The statutory auditor issued a Qualified Opinion citing two issues: (1) failure to provide RBI compliance documents for the NBFC, and (2) absence of a whole-time Company Secretary throughout the year. A new auditor was appointed mid-year following the predecessor's resignation. Related party transaction disclosures were also filed.
The company is in severe financial distress with negative net worth and a qualified audit opinion on compliance matters. Shareholders should be cautious — the negative net worth raises going concern doubts, and the exceptional loss on derecognition of financial assets signals major underlying issues in the NBFC's loan/asset portfolio.