Outcome of Board Meeting for the Approved Merged Standalone and Consolidated Financial Accounts for the Financial year ended on 2024-25 and Unaudited Financial Results for the Quarter ....
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Ratnakar Securities Limited's Board, meeting on November 14, 2025, approved unaudited standalone and consolidated financial results for Q2 and H1 FY26 (quarter ended September 30, 2025), along with merged audited accounts for FY 2024-25 reflecting the amalgamation of Mangalya Soft-Tech, Ratnakar Securities Pvt Ltd, and subsidiary Ratnakar Commodities Pvt Ltd (merger filed with MCA on July 24, 2025). On a standalone basis, total income for H1 FY26 fell to about ₹90.29 crore from ₹129.36 crore in H1 FY25, a drop of roughly 30%, with PAT declining to about ₹8.19 crore from ₹17.84 crore. The auditor M/s Maheshwari & Goyal issued a clean (unqualified) limited review report. The company's shares remain suspended on BSE, and it is working on relisting after paying dues including listing fees, BSE claims, and revocation fees.
Short-term shareholder sentiment may be weak given the steep revenue and profit decline on a half-year basis, negative operating cash flow, and ongoing share trading suspension pending BSE relisting. However, completion of the merger and clean audit review are positive structural steps, and the relisting process could unlock liquidity once completed.