Pursuant to the Regulation 33 read with Schedule III of SEBI (LODR) Regulations, 2015, we enclose herewith, for your information and record: The Audited Financial Results for the Quarter ....
Awaiting price reaction for this filing.
Shri Niwas Leasing and Finance reported total income of ₹148.50 L for FY26 vs ₹62.45 L in FY25, driven mainly by interest income. The company reported a net profit of ₹10,596.46 L (₹1.06 billion) compared to a loss of ₹11,636.06 L in the prior year. However, the massive swing is largely due to an impairment provision of ₹1,16,365.75 L applied against the entire loan book of ₹1,05,583.46 L (100% provision), reflecting severe asset quality deterioration. The auditor issued a qualified opinion citing non-compliance with Ind AS 109 (ECL model) and non-provision of interest on loans, and noted that the company's internal financial controls over financial reporting are inadequate. Total equity has turned deeply negative at -₹8,185.49 L, raising serious doubts about the company's ability to continue as a going concern. Pending conversions of loans to equity (₹1,04,200 L from borrowers and ₹1,16,298 L from lenders) are awaiting SEBI approval.
The negative equity, 100% impairment on the entire loan book, and qualified audit opinion indicate extreme financial distress. The pending equity conversions are critical to restoring solvency but remain uncertain pending SEBI approval. The stock carries very high risk with significant going concern uncertainty.