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Finelistings Technologies Limited reported its audited financial results for FY2026 with a net loss of ₹334.83 lakh, improving from ₹376.99 lakh loss in FY2025. Revenue from operations dropped sharply to ₹600.87 lakh from ₹1,915.37 lakh in the prior year — a ~69% decline. The company is in the business of retail of pre-owned luxury cars. The Board meeting held on 28th May 2026 also approved appointment of new Secretarial Auditor (Gaurav Bachani & Associates) and Internal Auditor (Maharishi Shandilya, Chartered Accountants). Regarding the IPO proceeds of ₹1,243 lakh raised on 10th May 2024, the company confirms there is NO deviation or variation in the use of funds — all ₹1,243 lakh has been allocated and utilized (with ₹8.21 lakh remaining parked in ICICI Escrow awaiting deployment towards general corporate purposes). The statutory auditor (D G M S & Co.) issued an unmodified opinion on the financials.
The company continues to post significant losses with a steep revenue decline, indicating operational challenges in its pre-owned luxury car business. However, the clean audit opinion and full compliance with IPO fund utilisation norms (no deviation) are positive governance signals for investors.