This is to inform you that the meeting of the Board of Directors of the Company held today, i.e. Friday ,29th May 2026 (which commences at 02:00 P.M. and concluded at 3:15 P.M.) has, inter- ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kotia Enterprises Ltd held its Board Meeting on May 29, 2026, and approved the audited financial results for Q4 and FY ended March 31, 2026. The company reported total income of Rs 203.66 Lakhs, a significant jump from Rs 88.72 Lakhs in the previous year. However, the net loss after tax stood at Rs 249.92 Lakhs (vs loss of Rs 4.93 Lakhs), largely due to an exceptional item of Rs 485.22 Lakhs written off as a financial asset. The statutory auditors issued a qualified opinion citing that during FY 2024-25, the company met both NBFC registration criteria (financial assets >50% of total assets and financial income >50% of gross income) but failed to register with RBI. The auditors noted that in FY 2025-26, financial income is now below 50% of gross income.
The qualified audit opinion highlights a regulatory compliance issue from the prior year. Despite strong revenue growth, the large exceptional write-off and net loss may concern shareholders. The company is no longer subject to NBFC registration requirements based on current year financials.