31st Annual Report of Northlink Fiscal & Capital Services Limited for the Financial Year 2024-25 ended on 31st March 2025
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Northlink Fiscal and Capital Services Limited, an RBI-registered NBFC based in Ludhiana, filed its 31st Annual Report for FY2024-25. Total income declined to Rs. 39.63 lakh from Rs. 50.34 lakh in the previous year, while total expenses nearly doubled to Rs. 1.16 crore from Rs. 59.82 lakh. The company posted a loss after tax of Rs. 78.20 lakh, sharply worse than the Rs. 15.18 lakh loss in FY2023-24. No dividend was recommended. The 31st AGM is scheduled for 30th September 2025.
Sharply higher losses on declining revenue and ballooning expenses are negative for shareholders. Combined with an auditor change mid-year (K R Aggarwal & Associates resigned, replaced by Rajiv Rajinder & Co.), this signals financial stress. No dividend declared, and the stock may see negative sentiment around the AGM.