Considered and approved: 1. The Audited Financial Statements for the quarter and year ended 31st March, 2026 along with Auditors Report. 2. Re-appointment of M/s. M. R. Sharma & Co., ....
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Glance Finance Ltd reported audited financial results for the year ended March 31, 2026. Total income declined to Rs 2,585.36 Lakhs from Rs 3,170.37 Lakhs in FY2025, representing approximately 18.5% revenue decline. Net Profit After Tax fell to Rs 492.42 Lakhs from Rs 837.96 Lakhs in the previous year, a decline of about 41%. EPS for FY2026 stood at Rs 21.83 compared to Rs 37.15 in FY2025. The statutory auditor JMT & Associates issued an unmodified (clean) opinion. The company also identified and corrected prior period errors relating to classification and measurement of certain investments under Ind AS 109, resulting in restatement of earlier quarter and year figures. Additionally, the Board re-appointed M/s. M. R. Sharma & Co. as Internal Auditor for FY 2026-27.
The company experienced significant declines in revenue and profitability year-over-year. The restatement of prior period results due to accounting errors is a concern, though the auditors provided a clean opinion. Shareholders should note the reduced earnings and the restatement impact on historical comparatives.