1. The Board approved the Unaudited Standalone and Consolidated Financial Results along with the Limited Review Report of Auditor for the Quarter Ended 30 June 2025 2. The Board Considered ....
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Srestha Finvest's board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. Total income dropped sharply to Rs. 367.54 Lakhs from Rs. 3,950.01 Lakhs a year ago, mostly because the prior-year quarter had large one-time trading gains. Profit after tax came in at Rs. 217.41 Lakhs (vs Rs. 3,100.62 Lakhs YoY), with basic EPS of Rs. 0.014. The statutory auditor, Darpan & Associates, issued a qualified conclusion on both standalone and consolidated results, flagging that the company has not provided for Rs. 17.06 Lakhs of interest owed to Arcadia Shipping Ltd, which has recalled the loan and interest and is awaiting a response. The company's demat account is currently frozen by a regulatory authority, restricting disposal of equity investments, and reserves remain negative at Rs. -1,700.17 Lakhs.
The qualified auditor opinion, frozen demat account, and unresolved lender recall are significant red flags for shareholders. Reported profit is overstated because of the missing interest provision, and the steep YoY revenue decline reflects the absence of last year's trading windfall rather than a steady core business.