Outcome of Board Meeting
Awaiting price reaction for this filing.
Mega Fin (India) Ltd, an NBFC, reported unaudited results for Q2 and H1 FY26 (ended September 30, 2025). The company earned no interest income and negligible other income, posting a net loss of Rs 0.42 lakh in Q2 and Rs 0.81 lakh in H1 FY26, compared to a full-year FY25 profit of Rs 23.08 lakh. The statutory auditor (Maheshwari & Co.) raised an explicit Emphasis of Matter flagging going concern risk: the company has substantial accumulated losses, business activity is at a standstill, and its minimum net worth required to operate as an NBFC has been eroded. The balance sheet shows negative other equity of Rs (669.92) lakh against share capital of Rs 917.79 lakh, and cash balance has shrunk to just Rs 0.51 lakh. Operating cash flow was negative at Rs (0.18) lakh for H1 FY26.
This is a deeply distressed NBFC – the auditor's going concern warning, eroded NBFC net worth, near-zero revenue, and negative cash position suggest severe solvency and regulatory risks for shareholders. The stock is highly risky and existing shareholders may face dilution, regulatory action against the NBFC licence, or further value erosion.