Board meeting held today i.e November 12,2025 for considering and approving the unaudited Financial result, Related Party Transaction and Employee Stock Option Plan.
Awaiting price reaction for this filing.
Board of Minolta Finance approved unaudited financial results for the quarter and half year ended September 30, 2025. The company swung to a net loss of Rs. 5.60 crore in H1 FY26, against a marginal profit of Rs. 2.63 lakh in H1 FY25. Revenue from operations collapsed to Rs. 23.30 lakh from Rs. 45.86 lakh in H1 FY25, a drop of roughly 49%. Total expenses ballooned to Rs. 8.38 crore, driven mainly by Rs. 3.87 crore in impairment on financial instruments and Rs. 4.00 crore in finance costs. The auditor flagged that the company reversed Rs. 2.74 crore of interest on an impaired asset, pushing up ECL provisions, and that 48.65% of net worth was eroded in the quarter. The board also considered related party transactions and an Employee Stock Option Plan at the same meeting.
The stock faces serious going concern risk as net worth erosion (48.65%) is dangerously close to the 50% threshold under the Companies Act, which triggers extra board duties. Shareholders should expect heightened volatility and governance scrutiny, especially given the pending RPT approvals and the sharp swing from profit to loss driven by asset quality issues.