We wish to inform that the Board of Directors of the Company at its meeting held today approved the following: 1. The Audited Financial Results (Standalone) for the quarter and year ....
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Vardhan Capital & Finance's board approved audited financial results for the quarter and full year ended 31 March 2025. The statutory auditor (JMT & Associates) issued an unqualified opinion but flagged an Emphasis of Matter highlighting liquidity issues, Rs. 2.23 crores in unpaid statutory dues (outstanding for over six months), and pending regularization of NBFC returns with RBI. The company reported a net loss of Rs. 11.15 lakhs in FY25, significantly narrower than the Rs. 54.55 lakhs loss in FY24. However, total income collapsed sharply from about Rs. 5.68 crores in FY24 to roughly Rs. 0.40 crores in FY25, and operating cash flow stayed negative at Rs. 3.90 lakhs outflow. The board also appointed Priti J Sheth & Associates as Secretarial Auditor for FY 2025-26.
Despite the narrower loss, the sharp revenue decline, unpaid statutory dues of Rs. 2.23 crores, ongoing RBI NBFC compliance gaps, and negative operating cash flow signal serious operational stress. Shareholders should track progress on clearing dues and regularizing RBI filings, as these unresolved issues are likely to weigh on the stock.