In compliance with Regulation 30 & 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform Exchange that ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
IndiaNivesh Limited's board, at its May 28, 2025 meeting, approved audited standalone and consolidated results for FY25. On a standalone basis, total income roughly doubled to Rs. 374.80 lakhs (from Rs. 186.96 lakhs), but a sharp jump in finance costs to Rs. 984.19 lakhs (from Rs. 92.41 lakhs) pushed the net loss to Rs. 660.48 lakhs versus Rs. 203.40 lakhs in FY24. On a consolidated basis, total income fell to Rs. 653.39 lakhs from Rs. 830.96 lakhs and the company swung from a profit of Rs. 253.06 lakhs to a net loss of Rs. 638.72 lakhs. The auditor (CAS & Co.) issued a qualified opinion flagging non-conduct of internal audit and absence of impairment testing of goodwill worth Rs. 20.36 crores at subsidiary INSSPL. The auditor also highlighted material uncertainty over the company's ability to continue as a going concern, given fully eroded net worth (standalone: -Rs. 5,217.74 lakhs; consolidated: -Rs. 4,050.13 lakhs), recurring losses, and use of short-term borrowings for long-term investments. Management plans to induct funds as needed and treated results on a going-concern basis.
This is a negative filing for shareholders: the company reported wider losses, its net worth is fully eroded on both standalone and consolidated bases, and the auditor explicitly flagged a going-concern risk. The jump in finance costs (from loan renegotiations and earlier interest now being provided) is the main drag. Stock price is likely to remain under pressure, and investors should weigh the risk of further dilution or restructuring as management tries to raise funds.