Re-appointment of the Internal Auditor
Awaiting price reaction for this filing.
Oswal Leasing Ltd reported audited financial results for FY ended March 31, 2026. Total income increased to Rs 15.09 lakhs from Rs 10.66 lakhs in the previous year, representing approximately 41.5% revenue growth. However, the company posted a net loss of Rs 2.15 lakhs for the year, compared to a net loss of Rs 2.76 lakhs in FY 2024-25, showing a slight improvement in losses. Operating cash flow was negative at Rs 5.19 lakhs. The statutory auditors M/s V.V. Bhalla & Co. issued an unmodified opinion, confirming clean financials. The Board also re-appointed M/s Raj Gupta & Co. as Internal Auditors for FY 2026-27.
The company continues to operate at a loss but with improving margins and revenue growth. Negative operating cash flow is a concern for liquidity. The clean audit opinion is positive for investor confidence.