ENCLOSED HEREWITH INTEGRATED FINANCIAL FOR QUARTER ENDED 30/06/2025
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Sanchay Finvest Ltd reported a net loss of Rs. 34.47 lakhs for Q1 FY26 (ended June 30, 2025), compared to a small profit of Rs. 1.65 lakhs in the previous quarter. Total revenue collapsed sharply to about Rs. 1.33 lakhs from Rs. 11.71 lakhs quarter-on-quarter. The statutory auditor (Jain Jagawat Kamdar & Co) issued a qualified opinion because the company did not make a provision for expected credit losses on doubtful trade receivables of Rs. 67.21 thousand, as required under Ind AS 109. The auditor also flagged several emphasis-of-matter issues, including non-compliance with Companies Act rules on the Audit Committee and Nomination & Remuneration Committee, failure to pay or redeem preference shares on time, weak reconciliation systems for receivables/payables, and write-offs of Rs. 27.96 lakhs related to old exchange deposits and BSE revocation fees. The company also booked Rs. 4.72 lakhs in penalties from the exchange as an extraordinary item.
Negative for shareholders — the company swung to a loss, revenue shrank dramatically, and the auditor raised a qualified opinion along with multiple governance and compliance red flags, which together suggest elevated financial and regulatory risk.