Announced Fri, 14 Nov · 17:31 IST

We wish to inform you that the Board of Directors of the Company at its meeting held today has approved the unaudited financials results for the quarter and half year ended 30th September, 2025.

Emphasis Of MatterPat NegativeRevenue DeclineGoing ConcernResults View source PDF

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AI summary

The Board of Directors of Vardhan Capital & Finance Ltd approved unaudited financial results for the quarter and half year ended 30 September 2025. For Q2 FY26, the company reported total revenue of Rs. 9.80 lakh but slipped into a net loss of Rs. 0.62 lakh versus a profit of Rs. 0.76 lakh in Q2 FY25. For H1 FY26, total income fell to Rs. 19.42 lakh from Rs. 21.33 lakh a year ago, and the company swung to a net loss of Rs. 1.52 lakh compared to a profit of Rs. 1.55 lakh in H1 FY25. Total assets stood at Rs. 1,395.71 lakh with equity of Rs. 774.90 lakh and borrowings of Rs. 376.78 lakh. The statutory auditor issued an Emphasis of Matter, flagging that the company is facing liquidity issues and has not paid statutory dues exceeding Rs. 2.23 crore for over six months, while also working to regularise returns with the RBI.

Likely market impact

The results are weak — a return to losses, declining revenues, and an auditor flag on liquidity and unpaid statutory dues are negative signals for shareholders. The going-concern overhang could weigh on the stock and raise concerns about the company's financial health despite management's reassurance that the issues are temporary.