Outcome of Board Meeting dated 14/02/2026.
Awaiting price reaction for this filing.
Mega Fin (India) Limited reported its unaudited financial results for the quarter and nine months ended 31 December 2025. The company continues to record zero income from operations across all periods, with only nominal other expenses of Rs. 0.39 lakh in Q3 FY26 and Rs. 1.20 lakh for the nine-month period, resulting in a net loss of Rs. 0.39 lakh in Q3 and Rs. 1.20 lakh in 9M FY26. The balance sheet shows paid-up equity capital of Rs. 817.55 lakh, but other equity stands at a negative Rs. 669.11 lakh, indicating severely eroded net worth. The statutory auditor has flagged an Emphasis of Matter, noting that the company has substantial accumulated losses, its business activity is at a standstill, and it has eroded the minimum net worth required to continue operating as an NBFC. Despite these concerns, the management asserts the company remains a going concern.
This is a significant red flag for shareholders — the company is essentially inactive with no revenue, persistent losses, and negative reserves that breach the minimum net worth threshold for NBFCs, putting its regulatory standing at risk. The stock, already illiquid, is likely to remain under pressure as the going-concern qualification undermines investor confidence.