Announcement under regulation 30 - Reappointment of Internal auditor for the FY 2026-27
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dharani Finance Limited reported audited financial results for FY 2025-26 with total income of Rs. 139.81 Lakhs (down from Rs. 142.43 Lakhs) and profit after tax of Rs. 55.46 Lakhs (down from Rs. 83.79 Lakhs in the previous year). The company's statutory auditors, Srivatsan & Associates, issued a QUALIFIED OPINION due to an outstanding Inter-Corporate Deposit (ICD) of Rs. 200 Lakhs given to Aryav Exports Private Limited in July 2017 with no interest received since then. The auditors have raised a MATERIAL UNCERTAINTY REGARDING GOING CONCERN, stating that if provisions are made, the company's net owned funds would fall below RBI-prescribed minimum requirements for NBFC. The company has reappointed M/s. R. Balachandran & Co as internal auditors for FY 2026-27.
This is a significant negative development. The qualified audit opinion and going concern doubt raise serious concerns about the company's financial health and regulatory compliance as an NBFC. Shareholders should be cautious as the company may need capital infusion to meet RBI norms.