Board Meeting Outcome for Submission Of Un-Audited Financial Results For First Quarter Ended June 30, 2025
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Awaiting price reaction for this filing.
Dharani Finance Limited's Board, at its meeting on August 11, 2025, approved the unaudited financial results for Q1 FY26. Total income stood at Rs. 35.99 lakhs (vs Rs. 37.85 lakhs in Q1 FY25), with net profit of Rs. 16.43 lakhs (vs Rs. 18.89 lakhs in Q1 FY25) and EPS of Rs. 0.33. The statutory auditor issued a qualified opinion, flagging an unpaid Inter-Corporate Deposit of Rs. 200 lakhs (plus accrued interest totaling Rs. 272 lakhs) given to Aryov Exports in 2017, on which no interest has been received. The auditor warned that if provisions are made, the company's net owned funds would fall below the RBI's minimum threshold for NBFCs under Section 45-IA, raising a going concern risk. The 35th AGM is scheduled for September 24, 2025 via video conferencing.
Negative for shareholders — the qualified audit opinion and going concern flag highlight a serious asset quality issue (over 25% of total assets are stuck as doubtful receivables) and potential RBI compliance risk for the NBFC. The decline in both revenue and profit year-on-year, combined with the going concern qualification, could weigh on investor confidence and the stock price.