Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kotia Enterprises' Board on Nov 13, 2025 approved its unaudited financial results for Q2 and H1 FY26 (ended Sept 30, 2025). Revenue from operations for Q2 stood at nil vs ₹29.55 lakhs a year ago, with H1 total income plunging to ₹13.04 lakhs from ₹66.96 lakhs (an ~80% drop). The company swung to a loss of ₹(11.35) lakhs in Q2 and ₹(16.81) lakhs for H1, versus a small profit and marginal loss respectively a year earlier. Operating cash flow was negative at ₹(16.06) lakhs vs ₹(6.89) lakhs. The statutory auditor, Ajay Rattan & Co., issued a qualified opinion, flagging that the company's financial assets exceed 50% of total assets and financial income exceeds 50% of gross income, yet it has not registered as an NBFC with the RBI as required. Separately, Mr. Manoj Kumar Bansal resigned as CFO (effective Nov 5), Mr. Nishank Kumar Rajput was appointed CFO (Nov 13), Mr. Anil Gupta was redesignated as Whole-time Director, and the registered office was shifted within New Delhi.
The sharp revenue decline, consecutive losses, and a qualified audit opinion regarding NBFC registration expose shareholders to both operational weakness and regulatory risk; the stock may face negative sentiment, and the NBFC registration issue could attract RBI/SEBI scrutiny. CFO transition adds near-term uncertainty around financial controls and reporting continuity.