Financial result for the quarter & year ended 31st March, 2025
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The Board of Directors approved the audited financial results for Q4 and FY ended 31 March 2025 at a meeting held on 14 August 2025, with the filing submitted to BSE in November 2025. The statutory auditors, M/s Rajiv Rajinder & Co, issued an unmodified (clean) opinion on the results. The company is an RBI-registered NBFC engaged in lending, and the auditor flagged several matters of emphasis, including non-receipt of internal audit reports, pending SEBI penalty proceedings against directors, non-filing of income tax audits for FY 2022-23 and FY 2023-24, and recoveries being pursued without any provision for doubtful debts. Around 36% of total loans (Rs 120.02 lakh) are extended to related parties, and 100% of the loan book does not pay interest on a monthly basis, with about 10% classified as overdue. The company changed its statutory auditor during the period, replacing M/s K R Aggarwal & Associates. No dividend was declared for the year.
While the clean audit opinion is reassuring, the emphasis-of-matter disclosures around related-party lending, weak loan repayment discipline, pending tax audits, and ongoing SEBI penalty proceedings on directors point to governance and asset-quality concerns that retail investors should weigh carefully.