In connection with the meeting of board of directors held on November 12 ,2025 we are pleased to inform you that we are filing a revised board meeting outcome.
Awaiting price reaction for this filing.
Minolta Finance filed a revised board meeting outcome for the quarter ended September 30, 2025, correcting errors in the earlier filing. The company reported a sharp deterioration in Q2 FY26, with revenue turning negative at Rs. (3.61) lakhs versus Rs. 201.71 lakhs in Q2 FY25. A reversal of Rs. 2.74 crore in interest on an impaired asset led to a steep rise in ECL (impairment) provisions of Rs. 386.78 lakhs for the half year. Consequently, the company posted a net loss of Rs. 575.02 lakhs for Q2 FY26 and Rs. 560.38 lakhs for H1 FY26. Other equity turned negative at Rs. (486.47) lakhs, eroding 48.65% of net worth in a single quarter. The Board also approved an Employee Stock Option Scheme 2025.
Highly negative for shareholders — the company is deep in losses, net worth is nearly wiped out, borrowings have surged to over 23x equity, and cash from operations is negative. The stock is likely to face significant selling pressure and heightened going-concern risk.