Outcome Of Board Meeting
Awaiting price reaction for this filing.
Oswal Leasing Ltd's Board approved the audited financial results for FY ended March 31, 2026. Total income declined to Rs 2.50 lakhs from Rs 5.10 lakhs in the previous year, a drop of about 51%. The company reported a net loss of Rs 2.76 lakhs compared to a small loss of Rs 0.08 lakhs in FY 2025. Basic EPS worsened to (0.35) from (0.08). The statutory auditor M/s V.V. Bhalla & Co. issued an unmodified (clean) opinion. The Board also re-appointed M/s Raj Gupta & Co. as internal auditors for FY 2026-27.
The company is loss-making with declining revenues, which is negative for shareholders. However, the clean audit opinion indicates no material concerns about the company's financial statements or ability to continue as a going concern.