Outcome of the Meeting of the Board of Directors of Laddu Gopal Online Services Limited
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The board of Laddu Gopal Online Services Ltd (formerly ETT Limited) met on January 19, 2026, and approved the unaudited financial results for the quarter ended December 31, 2025, along with the statutory auditor's limited review report. The company posted revenue from operations of Rs. 1,321 lakhs in Q3 FY26 versus nil in the year-ago quarter, but reported a small net loss of Rs. 1.42 lakhs as expenses of Rs. 1,322.90 lakhs outpaced revenue. For the nine months ended December 2025, total revenue surged to Rs. 1,488.71 lakhs from Rs. 242.34 lakhs a year earlier, while net profit dropped sharply to Rs. 99.32 lakhs (EPS Rs. 0.07) from Rs. 173.33 lakhs (EPS Rs. 1.67). The statutory auditor issued a qualified conclusion, flagging that the company is acting as a non-bank financial entity without RBI registration under Section 45-IA, has lent to corporates beyond Section 186 limits, has accepted loans in contravention of Section 73 of the Companies Act, and could not provide balance confirmations for unsecured loans.
The strong revenue growth is a positive, but collapsing profitability and a qualified audit opinion — especially the missing RBI NBFC registration and compliance lapses on lending — are red flags that could weigh on sentiment, invite regulatory scrutiny, and put pressure on the stock until the company clarifies its path to compliance.