Appointment of Company Secretary & Compliance Officer
GYFTR · price
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LKP Finance Ltd's board, at its November 13, 2025 meeting, approved unaudited results for Q2/H1 FY26 (ended Sept 30, 2025). Total revenue from operations for the quarter was negative Rs. 751.62 lakhs, dragged down by a Rs. 975.01 lakh loss on fair value changes, but the company still reported a net profit of Rs. 503.19 lakhs for the quarter (EPS Rs. 4.64), boosted by a one-time Rs. 1,772.75 lakhs 'other income' from writing off a 12-year-old loan liability of Rs. 1,474.24 lakhs from Bestride Consultancy. Statutory auditor PARV & Co. issued a qualified opinion, flagging inability to obtain lender confirmations on Rs. 3,596.65 lakhs of borrowings and an ongoing garnishee order from DRT Bangalore claiming Rs. 2,500 lakhs (plus interest) related to a Kingfisher Finvest loan of Rs. 2,122.40 lakhs, with Rs. 1,126.22 lakhs already deposited under protest and Rs. 613.44 lakhs of mutual fund investments attached. Separately, Company Secretary & Compliance Officer Ruby Chauhan resigned (personal reasons, effective Nov 13) and was replaced by Rishi Arya effective Nov 14.
The headline profit flatters the business — core operations are loss-making and the bottom line is propped up by a one-time loan write-back, while the qualified audit opinion and pending DRT litigation over the Kingfisher-linked borrowing keep real risk alive for shareholders. The back-to-back KMP (Company Secretary) exit is a minor governance red flag but the seat was filled immediately, limiting disruption. Stock-wise, expect a cautious to negative reaction given the weak operating performance and unresolved contingent liability.