This is to inform hat the Board of Directors of the Company at its meeting held today i.e. 26th May, 2026 has interalia considered and approved the audited financial results for the financial ....
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Nouveau Global Ventures reported a significant decline in financial performance for FY2026. Total income dropped sharply to Rs. 65.82 Lakhs from Rs. 149.42 Lakhs in the previous year, a decline of approximately 56%. The company swung from a net profit of Rs. 57.18 Lakhs in FY2025 to a net loss of Rs. 40.01 Lakhs in FY2026. Total expenses increased to Rs. 103.19 Lakhs from Rs. 85.77 Lakhs, while finance costs rose to Rs. 17.09 Lakhs from Rs. 12.30 Lakhs. Other comprehensive income showed a large loss of Rs. 630.05 Lakhs due to fair value changes in equity instruments. Shareholder funds turned negative at Rs. -0.51 Lakhs as of March 2026 compared to Rs. 39.50 Lakhs in the prior year. The auditors issued an unmodified (clean) opinion on the financial statements.
The company has posted significant losses with revenue declining sharply and shareholder equity turning negative. High borrowings of Rs. 893.57 Lakhs against negative equity indicate a weak financial position. However, the clean audit opinion means no going concern doubts were raised by auditors.