outcome of Board Meeting for the quarter ended march 31, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Amarnath Securities reported a massive loss of Rs. 520.91 lakhs for FY26 versus a profit of Rs. 27.24 lakhs in FY25. Revenue increased to Rs. 81.01 lakhs from Rs. 38.93 lakhs, but a loss on derecognition of financial assets of Rs. 539.52 lakhs drove the steep decline. The auditor issued a Qualified Opinion citing two issues: missing RBI compliance documents for an NBFC company and the absence of a whole-time Company Secretary during the year. The company's net worth has turned negative at Rs. -73.04 lakhs, raising serious going concern doubts. An auditor change also occurred mid-year due to the predecessor's resignation in February 2026.
The negative net worth, qualified audit opinion, and significant loss are extremely negative signals for shareholders. The stock faces high risk of delisting or suspension due to NBFC compliance issues and governance gaps.