Pursuant to Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 we enclose the following, 1) Un-Audited Standalone Financial Results for Quarter ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Vardhan Capital & Finance Limited approved the unaudited standalone financial results for Q1 FY26 (quarter ended 30 June 2025) at its meeting held on 13 August 2025. The statutory auditors (JMT & Associates) issued a limited review report with an unmodified opinion, but flagged an explicit Emphasis of Matter regarding serious liquidity stress: the company has not paid statutory dues exceeding Rs. 2 crores that have been outstanding for more than six months, and is in the process of regularising its returns with the RBI and other regulatory bodies. Management has described this as a temporary liquidity issue, asserting that loans and advances are fully recoverable and that there is no going concern risk. Total Comprehensive Income for Q1 FY26 stood at Rs. 0.48 lakh, recovering from a loss of Rs. 25.18 lakh in Q4 FY25, though Earnings Per Share for continuing operations remains negative at Rs. -1.43.
This is a clear red flag for shareholders – over Rs. 2 crore in unpaid statutory dues and pending RBI compliance point to genuine financial and governance stress, even though management attempts to downplay it. While the audit opinion is unmodified, the explicit Emphasis of Matter may weigh on the stock, increase regulatory scrutiny from BSE/RBI, and warrant close monitoring of recovery in subsequent quarters.