Outcome of the Board of Directors Meeting pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) as specified in the attached document.
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Crescentis Capital Limited reported a significantly reduced net loss of ₹252.63 lakhs for FY2026 compared to ₹542.24 lakhs in FY2025, an improvement of ~53%. Total income improved to ₹154.60 lakhs from a loss of ₹302.21 lakhs. The company saw a major boost to its balance sheet with total assets nearly tripling to ₹9,125.02 lakhs, driven by a previous rights issue that was oversubscribed by 123%. Borrowings increased significantly to ₹1,448.65 lakhs from ₹16.33 lakhs. However, the company recorded an unrealized loss of ₹485.47 lakhs due to adverse equity market movements. The Board has now approved a new proposal to raise up to ₹80 crores via another rights issue. The auditor gave a clean, unqualified opinion with no going concern issues.
The company is attempting to significantly strengthen its capital base with another ₹80 crore rights issue despite recent losses and negative operating cash flow of ₹4,416.55 lakhs. This suggests the company needs additional capital, possibly to support its growing loan book (₹4,595.34 lakhs) or to meet regulatory requirements as an NBFC.