Outcome of the meeting of the Board of Directors held on Thursday, May 14, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Paragon Finance Ltd reported a net loss of Rs 111.20 lakhs for FY2026, a significant decline from net profit of Rs 31.46 lakhs in the previous year. Total income dropped sharply to Rs 128.74 lakhs from Rs 279.85 lakhs. The Q4 loss was particularly severe at Rs 487.60 lakhs, driven by negative other income of Rs 413.26 lakhs and fair value losses of Rs 130.69 lakhs. Total assets increased slightly to Rs 3,275.58 lakhs from Rs 3,212.31 lakhs, with loan portfolio growing to Rs 1,375.30 lakhs from Rs 1,097.40 lakhs. The board also reappointed ASRK & Associates as internal auditor for FY2026-27. The statutory auditor issued an unmodified (clean) opinion, and the company confirmed zero defaults on loans or debt securities. Extensive related party transactions were disclosed, including loans given to directors, KMPs, and their relatives.
The company swung from profit to substantial loss, primarily due to fair value changes and negative other income. While the clean audit opinion is positive, the financial deterioration and heavy related party lending may concern investors. The stock could face selling pressure given the loss-making performance.