We hereby attached audited financial results for the quarter/half/year ended 31st March, 2026 approved by the Board of Directors at their Meeting held on 30th May, 2026 at 11.30 AM and ....
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Multipurpose Trading & Agencies Ltd reported a net loss of Rs 46.78 Lakhs for FY 2025-26, a sharp decline from a profit of Rs 17.08 Lakhs in the previous year. Total income marginally increased to Rs 37.39 Lakhs from Rs 36.09 Lakhs, but total expenses surged over 4x to Rs 82.92 Lakhs from Rs 18.03 Lakhs. Finance costs jumped dramatically to Rs 66.19 Lakhs from just Rs 0.97 Lakhs. EPS turned negative at -0.95. Reserves turned negative at -Rs 29.76 Lakhs. The auditor issued an unmodified opinion but included an Emphasis of Matter regarding Rs 1.46 Crore advanced to One City Promoters Private Limited (a related party) in 2013-14 for a real estate project, with neither returns nor repayment received. The Board also reappointed Deepak Somaiya & Co. as Secretarial Auditor for FY 2026-28.
The company swung to a significant net loss driven by a sharp rise in finance costs and expenses, raising concerns about financial health. The unrecovered related party advance of Rs 1.46 Crore since 2014 adds to investor concerns. The auditors' Emphasis of Matter highlights potential recovery risk on inter-company loans.