Revised Outcome of Board Meeting held on 29th January 2026 for approval of FYNX Capital Limited for approval of unaudited financial results for quarter and nine months ended December 31 ....
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Fynx Capital's board approved unaudited results for Q3 and nine months ended December 31, 2025, reporting a loss before tax of about Rs. 215.79 lakhs and a net loss of around Rs. 205 lakhs for the nine-month period, giving a basic loss per share of Rs. 1.02. The company remains loss-making with negative other equity of Rs. 287.95 lakhs versus negative Rs. 82.75 lakhs earlier. Cash and equivalents fell sharply from Rs. 1,604 lakhs to Rs. 433 lakhs, the loan book expanded from Rs. 126 lakhs to Rs. 2,151 lakhs, and new borrowings of Rs. 1,500 lakhs were raised. Net cash outflow from operations was Rs. 2,011 lakhs, confirming a heavy cash burn. The board also fixed February 25, 2026 as the record date for a 1:10 share split (Rs. 10 face value to Rs. 1), constituted an ALCO committee, authorised restructuring of borrowings, and confirmed full utilisation of the Rs. 1,600 lakhs Rights Issue proceeds with no deviation.
Shareholders face a clearly negative quarter with losses, eroded book value, and aggressive debt-funded lending that has burnt cash, though the pending 1:10 share split will improve liquidity and lower the per-share price. The auditor's 'Other Matter' note on unrecognised gratuity and pending Labour Code assessment is an unresolved disclosure gap that warrants attention before drawing comfort on employee-related liabilities.