The Board of Directors approved unaudited Financial Result of the company of Quarter and Nine Months (Q.IIIFY26) as on December 31,2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Indergiri Finance Limited, an NBFC, reported Q3 FY26 revenue from operations of ₹28.43 lakhs, down sharply from ₹68.84 lakhs in Q3 FY25, while total income for the quarter jumped to ₹155.00 lakhs (vs ₹18.77 lakhs in Q2 FY26) mainly due to a one-time gain of ₹126.18 lakhs from remeasuring a promoter loan at fair value. The company swung to a small profit of ₹9.73 lakhs for the quarter, but remains in loss for nine months FY26 at ₹(154.60) lakhs versus ₹(2.05) lakhs a year ago, with reserves deeply negative at ₹(385.07) lakhs. The statutory auditor (Sampat & Mehta LLP) issued a qualified review report because the company's Net Owned Funds (NOF) have fallen below the RBI's mandatory ₹500 lakh threshold due to accumulated losses. The RBI has issued a non-compliance notice on 30 January 2026, and the company replied on 11 February 2026, committing to raise ₹1,000 lakhs through a rights issue by 31 March 2026 to restore NOF compliance.
This is a high-risk situation for shareholders. The auditor's qualified opinion, RBI notice, and NOF shortfall put the company's NBFC registration and lending operations at risk if the rights issue fails. The promoter loan waiver inflates current quarter income but does not solve the underlying capital adequacy problem, and the stock is likely to remain under pressure until the rights issue completes and NOF compliance is restored.