Outcome of Board Meeting of the Company held on 29th May, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Risa International Ltd reported its audited financial results for FY2026 ending 31st March, 2026. The company recorded a net loss of Rs 145.11 lakhs, significantly improved from a loss of Rs 900.22 lakhs in the previous year. Revenue from operations remained minimal at Rs 5 lakhs with Finance Costs of Rs 64.24 lakhs. The Balance Sheet shows severe stress with negative Total Equity of Rs (509.77) lakhs and Other Equity of Rs (3,699.78) lakhs. Borrowings increased sharply to Rs 1,013.19 lakhs from Rs 207.81 lakhs. The Board re-appointed Mr. Abhinandan Jain as Whole-time Director for 3 years and appointed M/s Abhishek R Jain & Co. as Internal Auditor for FY2026-27. Statutory auditors were changed from M/s AMS & CO LLP to M/s Motilal & Associates LLP with an unmodified opinion issued.
The company remains in financial distress with negative equity and heavy borrowings. While losses have reduced year-over-year, the structural issues including minimal revenue and negative equity position raise significant concerns about the company's going concern status. Shareholders should note no dividend was recommended and the statutory auditor was changed mid-year.