Pursuant to regulations 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR'), We would like to inform ....
Awaiting price reaction for this filing.
Mega Fin India Limited announced its unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) at a board meeting held on August 14, 2025. Revenue from operations dropped to zero, compared with Rs 29.94 lakh in the same quarter last year, with the company stating its business activity is at a standstill. The company reported a small loss of Rs 0.39 lakh versus a profit of Rs 24.87 lakh in Q1 FY25. The statutory auditor (Maheshwari & Co.) issued an 'Emphasis of Matter' flagging serious going concern issues, noting substantial accumulated losses, eroded minimum net worth required to continue as an NBFC, and operations being at a standstill. Other equity stood at a deeply negative Rs 669.11 lakh as of March 31, 2025.
This is a significant red flag for shareholders. The auditor's going concern warning combined with zero revenue, negative net worth, and standstill operations points to serious financial distress and the possibility of regulatory action from the RBI, which could put the stock under pressure.