Board meeting outcome for Quarterly unaudited standalone financial statement for the quarter and half year ended September 30, 2025
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The board of Swadeshi Industries & Leasing Ltd met on November 14, 2025 (9:00 PM to 10:00 PM) and approved the standalone unaudited financial results for the quarter and half year ended September 30, 2025, along with the Statement of Assets & Liabilities and Cash Flow Statement. The Limited Review Report from statutory auditors GCAS & Associates LLP was also taken on record, with the auditor giving an unmodified conclusion. As an 'Other Matter,' the auditor drew attention to Note 1 regarding the consolidation of a newly acquired subsidiary, Swadeshi Agrotech Private Limited – the consolidated balance sheet includes identifiable assets and liabilities of the subsidiary as of the date control was obtained, but its profit/loss and cash flows will only be consolidated from October 1, 2025 onwards.
Routine quarterly results submission with no audit qualifications – a procedural compliance event with no negative signal for shareholders. Investors should note the company has brought a new subsidiary (Swadeshi Agrotech Pvt Ltd) into consolidation, which will start contributing to results from Q3 FY26 onwards, potentially expanding the group's reported revenue base.