Outcome of Board Meeting Held on 14.02.2026, Board approved unaudited Financial Result as on 31.12.2025 (Q.IIIFY26)
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Awaiting price reaction for this filing.
The Board of Indergiri Finance approved unaudited financial results for Q3 FY26 and nine months ended 31 December 2025. Revenue from operations for the quarter stood at INR 28.43 Lakhs (vs INR 18.07 Lakhs in Q2 FY26), while the company reported a profit of INR 9.73 Lakhs for the quarter, reversing a loss of INR 130.64 Lakhs in the previous quarter. However, the nine-month picture remains weak, with revenue from operations falling sharply to INR 79.58 Lakhs (vs INR 185.64 Lakhs in 9M FY25) and a loss of INR 154.60 Lakhs. The auditor issued a Qualified Conclusion because the company's Net Owned Funds (NOF) have fallen below the RBI's required threshold of INR 500 Lakhs due to accumulated losses. The RBI issued a notice on 30 January 2026 for non-compliance, and the company plans a INR 1,000 Lakhs rights issue to meet the requirement by 31 March 2026. The promoter director also waived interest on a INR 250 Lakhs loan, resulting in a one-time gain of INR 126.18 Lakhs booked as other income, which boosted quarterly profitability.
This is a negative filing for shareholders. The RBI notice on capital adequacy and the auditor's qualified opinion raise serious going-concern questions about the company's ability to continue operating as an NBFC. The nine-month loss and sharp revenue decline indicate operational weakness, though the promoter loan waiver and planned rights issue provide some near-term support. Stock price is likely to remain under pressure until the rights issue is successfully completed and NOF compliance is restored.