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Explicit Finance Ltd's board met on November 14, 2025, and approved unaudited financial results for Q2 and H1 ended September 30, 2025. Revenue from operations for H1 FY26 stood at Rs. 170.80 lakhs, down sharply from Rs. 318.91 lakhs in H1 FY25. The company reported a loss of Rs. 0.86 lakhs for H1 FY26, marginally better than the Rs. 5.84 lakh loss a year ago, but swung to a Rs. 10.79 lakh loss in Q2 alone after a Rs. 9.83 lakh profit in Q1 FY26. The board also noted the resignation of Independent Director Mr. Pushparaj Mayekar (DIN: 07759328). The auditor (GMCS & Co.) issued an unqualified limited review report on the results.
Shareholders should note weak Q2 performance with a return to losses after Q1 profit, alongside a significant drop in half-yearly revenue. The independent director exit may raise minor governance questions, though the company remains an investment and financing entity with negative other equity of Rs. 137.17 lakhs.