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 ....
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Kotia Enterprises' Board, at its meeting on August 13, 2025, approved the unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025). Total income stood at ₹7.83 lakhs, sharply down from ₹22.18 lakhs in the same quarter last year, as trading revenue fell to zero. The company reported a net loss of ₹5.45 lakhs, slightly wider than the ₹5.09 lakhs loss in Q1 FY25, with EPS at ₹(0.08). Despite the operating loss, a ₹24.75 lakh gain from re-measurement of equity instruments pushed total comprehensive income into positive territory at ₹16.08 lakhs. The statutory auditor Ajay Rattan & Co. issued a qualified opinion, flagging that the company meets RBI's NBFC criteria (over 50% of assets and income from financial assets) but has not registered itself as an NBFC under Section 45-IA of the RBI Act, 1934.
The qualified audit opinion and unresolved NBFC registration issue are red flags that could attract regulatory scrutiny from RBI and SEBI. The continuing operating losses, zero trading revenue, and dependence on investment gains for positive comprehensive income suggest weak core business performance, which may weigh on investor confidence.