The Board of Directors of the Company approved the Audited Financial Results of the Company for the Quarter and year ended 31st March 2026. A copy of the results along with the Auditors ....
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Indergiri Finance Ltd reported audited financial results for FY26 with total income of ₹355.07 Lakhs and net profit of ₹137.75 Lakhs, a turnaround from net loss of ₹157.28 Lakhs in FY25. The auditors (Sampat & Mehta LLP) issued a QUALIFIED OPINION due to the company's failure to maintain the RBI-mandated minimum Net Owned Fund (NOF) of ₹500 Lakhs. The NOF has deteriorated to negative ₹64.19 Lakhs as of March 2026, down from ₹225.63 Lakhs in March 2025. The company had committed to a ₹1,000 Lakhs rights issue to remedy this by March 2026 but failed to complete it or even file the draft letter of offer with SEBI. The auditors highlighted material uncertainty regarding the company's ability to continue as a going concern and risk of RBI cancelling its NBFC registration. Additionally, the company has defaulted on NCD interest payment of ₹25 Lakhs.
This is a high-risk filing with regulatory compliance failure (negative NOF), auditor qualification, and going concern doubts. The stock faces significant downside risk as the company may lose its NBFC license, and shareholders should be cautious about the company's viability.