Clarification letter for the clerical & typological error in the covering letter submitted on 12th Nov 2025
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Awaiting price reaction for this filing.
Dharani Finance Limited submitted a clarification correcting a typo in its earlier covering letter (the board meeting date was wrongly mentioned as 12 September 2025 instead of 12 November 2025), along with its Q2 FY26 unaudited standalone results. For the quarter ended 30 September 2025, total revenue from operations stood at Rs. 33.04 lakhs and net profit at Rs. 5.99 lakhs, down from Rs. 35.89 lakhs and Rs. 16.43 lakhs in the previous quarter. The statutory auditor issued a modified (qualified) opinion flagging an old Rs. 200 lakh inter-corporate deposit given to M/s. Aryav Exports Pvt Ltd in July 2017, on which no interest has been received. The auditor further warned that if provisions are made, the company's net owned funds could fall below RBI's minimum requirement under Section 45-IA for NBFCs, raising a going-concern question tied to the need for fresh capital infusion.
No material impact from the typo correction itself, but the auditor's qualified opinion and the long-pending Rs. 200 lakh ICD with no provision highlight credit quality and NBFC capital adequacy risks that investors should watch. Profitability declined sharply quarter-on-quarter, and the company's continuation as a registered NBFC hinges on raising additional capital, which is a meaningful overhang on the stock.