The Board of Directors of the company in their meeting held today have approved the un-audited financial results for the quarter ended 30.06.2025
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The board approved the un-audited standalone results for Q1 FY26. Total income fell sharply to ₹7.83 lakh from ₹22.18 lakh in the same quarter last year, mainly because trading of goods generated zero revenue versus ₹12.88 lakh earlier. Other income (₹7.83 lakh) held up but was not enough to cover expenses of ₹13.27 lakh. The company posted a net loss of ₹5.45 lakh, similar to the ₹5.09 lakh loss in Q1 FY25, with EPS at ₹(0.08). Total comprehensive income was positive at ₹16.08 lakh thanks to a ₹24.75 lakh gain on revaluation of equity investments. The statutory auditor (Ajay Rattan & Co.) issued a qualified opinion, flagging that the company meets RBI's NBFC criteria but has not registered itself as one.
Persistent losses combined with a qualified audit opinion on NBFC non-registration raise governance and regulatory concerns for shareholders. Sharp drop in core trading revenue and continued bottom-line weakness are negative signals, though mark-to-market gains on investments temporarily kept total comprehensive income positive.