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 ....
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Mega Fin India Ltd reported unaudited financial results for Q4 and FY2026. The company posted total income of Rs 29.94 lakhs for the year, down significantly from the previous year's profit of Rs 23.08 lakhs. The company reported a net loss of Rs 6.46 lakhs for FY2026 compared to a net profit of Rs 23.08 lakhs in FY2025. The audit of financial statements could not be completed due to pending procedural formalities related to the appointment of the Statutory Auditor. Additionally, the company has not conducted its AGM for FY2024-25 within the prescribed time, resulting in regulatory non-compliance. The management has stated it believes the company is a going concern.
The company swung from profit to loss in FY2026, indicating significant deterioration in financial performance. The lack of audited results and unresolved auditor appointment raises governance concerns, while regulatory non-compliance (delayed AGM) could attract penalties.