OUTCOME UNDER REGULATION 30 AND 33 OF SEBI (LODR) REGULATION 2015
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The Board approved audited standalone results for Q4 and FY25. Total income for FY25 jumped to Rs. 96.17 lakhs from Rs. 8.66 lakhs last year, while profit after tax surged to Rs. 51.88 lakhs (vs Rs. 0.15 lakh), with EPS at Rs. 1.69. The company also sold part of its loan book for Rs. 70.40 lakhs and recorded strong operating cash flow of Rs. 176.81 lakhs (vs negative Rs. 1.83 lakh). Net worth improved to Rs. 225.94 lakhs, with cash balances rising sharply to Rs. 227.23 lakhs. However, the auditor issued a Qualified Opinion flagging: (i) non-compliance with RBI filing norms for NBFCs, (ii) inability to verify Rs. 18.73 lakhs of investments, and (iii) an unprovided Rs. 81.42 lakh BSE penalty/liability. An Emphasis of Matter was also raised on a third-party loan assignment where Rs. 42.38 lakhs excess was booked as interest income. The Board also appointed new secretarial auditor, internal auditor, scrutinizer, and reconstituted board-level committees.
While headline numbers show a dramatic turnaround in profitability and revenue, the qualified audit opinion — especially the unprovided Rs. 81.42 lakh BSE penalty and unresolved RBI compliance gaps — represents meaningful overhang and risk for shareholders. Investors should weigh the strong reported earnings against these governance and disclosure concerns before drawing conclusions.