Pursuant to Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, the Board of Directors in its meeting ....
Awaiting price reaction for this filing.
Mega Fin India Ltd has filed unaudited financial results for Q4 and FY ended March 31, 2026, instead of audited results, due to pending procedural formalities regarding the appointment of a Statutory Auditor. The company reported a net loss of Rs 6.46 lakhs for FY 2025-26, compared to a net profit of Rs 23.08 lakhs in the previous year. Revenue from operations stood at Rs 29.94 lakhs. The company has not conducted its AGM for FY 2024-25 within the prescribed time, resulting in non-compliance with statutory requirements that may attract regulatory actions and penalties. Other equity is significantly negative at Rs 675.57 lakhs, and operating cash flow was negative at Rs 0.63 lakhs. The company states it is taking steps to appoint an auditor and submit audited results.
The filing raises red flags for investors - the company is operating at a loss, has negative equity, missed statutory compliance deadlines, and has an unresolved auditor appointment issue. The unaudited nature of results and regulatory non-compliance create uncertainty around the accuracy of reported figures and potential penalties.