Financial results for quarter and half year ended September 30, 2025
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The Board of Swadeshi Industries & Leasing Ltd, at its meeting on November 14, 2025, 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 statutory auditors, GCAS & Associates LLP (formerly Garg Choudhary & Associates), issued an unmodified limited review report with no qualifications. The company also noted that it has prepared a consolidated balance sheet as at September 30, 2025, incorporating the identifiable assets and liabilities of its newly acquired subsidiary, Swadeshi Agrotech Private Limited, while P&L and cash flow consolidation will commence from October 1, 2025. The board meeting ran from 9:00 p.m. to 10:00 p.m.
Submission is procedural and timely, with a clean auditor review supporting the results. The consolidation of a new subsidiary (Swadeshi Agrotech Private Limited) signals a possible diversification move, but consolidated P&L impact will only flow from Q3 FY26 onwards, so near-term earnings remain driven by standalone operations.