AUDITED FINANCIAL RESULTS FOR THE PERIOD ENDED 31/03/2025
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Srestha Finvest Limited reported audited financial results for Q4 and full year ended March 31, 2025, showing a net loss for both the quarter and the full year on both standalone and consolidated basis. Statutory auditor Darpan & Associates issued a qualified opinion because the company did not provide Rs. 68.25 Lakhs in interest owed to Arcadia Shipping Ltd on earlier borrowings, despite the lender having sent recall letters; this understated finance costs and made the reported loss smaller than it actually is. The company says it is exploring legal options on the Arcadia matter. The board also approved the appointment of SPAN & Co. Company Secretaries LLP as the new Secretarial Auditor for a five-year term from FY2025-26 to FY2029-30.
The qualified audit opinion and the unresolved lender dispute are red flags for shareholders — the true loss is likely larger than reported, and a future adverse legal outcome on the Arcadia Shipping matter could further hurt financials. The unaudited subsidiary (Srestha Greentech, with negligible revenue and a small loss) adds little cushion and the stock may face scrutiny over governance and disclosure quality.