Pursuant to Regulation 30 of SEBI (LODR) Regulation 2015, we wish to inform you that Board of Director, at its meeting held on today, i.e. December 04, 2025, inter alia, approved the Unaudited ....
Awaiting price reaction for this filing.
KLG Capital Services, an NBFC, reported a massive loss of Rs. 1,060.55 lakhs in Q2 FY26 and Rs. 1,079.53 lakhs for H1 FY26, against a profit of Rs. 5.21 lakhs and Rs. 10.40 lakhs respectively in the same periods last year. The huge swing to losses is driven by a one-time impairment of Rs. 1,057.48 lakhs on financial assets — a loan of Rs. 1,022 lakhs given to a single borrower that has become irrecoverable due to the borrower's extremely weak financial condition. Total income fell sharply to Rs. 38.65 lakhs in H1 FY26 from Rs. 73.03 lakhs in H1 FY25, a drop of about 47%. Other equity has turned negative at Rs. (650.91) lakhs, and cash balance is almost nil at Rs. 0.30 lakhs. The auditor has flagged this impairment as an Emphasis of Matter in the limited review report.
Shareholders should note the company has swung to deep losses, its net worth has turned negative, and it is almost entirely dependent on recovering the impaired loan or future capital infusion to continue as a going concern. The stock is likely to face significant negative pressure given the scale of the write-off relative to its size.