Pursuant to Regulation 30 and 33 of SEBI (LODR) Regulations, 2015, this is to inform you that meeting of Board of Directors held on 15th May, 2026
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ISF Limited's Board Meeting held on May 15, 2026 approved the audited financial results for FY 2025-26 ending March 31, 2026. The company reported a net loss of Rs. 166.35 lakhs compared to a loss of Rs. 0.65 lakhs in the previous year—a massive deterioration. Revenue from operations declined to Rs. 169.65 lakhs from Rs. 178.43 lakhs in FY 2024-25, representing approximately 5% decline. Other expenses surged abnormally to Rs. 337.50 lakhs from Rs. 109.97 lakhs in the prior year. Total equity reduced to Rs. 1,175.72 lakhs due to accumulated losses. The meeting also approved appointment of Ms. Puja Arora Mehrotra as Company Secretary (effective June 11, 2026) replacing Ms. Anjali Raj who resigned for personal reasons, and changed the Secretarial Auditor to M/S Parul Agrawal and Associates. The Statutory Auditors issued an unmodified opinion but included an Emphasis of Matter regarding significant loan balances and management's judgment in impairment allowance calculations.
The stock may face significant pressure due to the sharp increase in losses, abnormal expense escalation, and declining revenue. The auditors' emphasis on loan impairment judgments raises concerns about asset quality, especially given the company is in the lending business. The substantial reduction in loan portfolio (from Rs. 1,647.73 lakhs to Rs. 1,271.86 lakhs) indicates potential stress in recovery.