Outcome of Board Meeting held today i.e., May 29, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board approved standalone audited financial results for Q4 and FY ended March 2026. Revenue grew nearly 5x to Rs. 14,709.18 lakhs from Rs. 2,900.19 lakhs in prior year. Net profit increased to Rs. 1,864.22 lakhs from Rs. 375.84 lakhs. Total assets nearly doubled to Rs. 120,246.51 lakhs. However, the statutory auditor raised multiple red flags including: Rs. 40.30 Crores bad debts written off for untraceable borrowers, unconfirmed loan and advance balances worth Rs. 91.76 Crores, accounting policy change reclassifying investments as stock-in-trade from November 2025, and non-disclosure of MSME creditor classification. The board also approved appointment of Ms. Shweta as Non-Executive Independent Director via postal ballot.
Strong revenue and profit growth appears offset by serious audit concerns around loan verifications, fund utilization, and large bad debt write-offs. The company has undergone significant business model change (now trading securities as stock-in-trade). Unverified balances and lack of MSME compliance suggest higher risk for investors. Independent director appointment provides some governance improvement.