Approval of Audited Standalone Financial Results for the quarter & year ended 31st March, 2026
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Vinayak Vanijya Ltd reported audited standalone financial results for FY26. The company recorded zero revenue from operations, down from Rs. 8.89 lakhs in FY25, indicating a complete cessation of core business activity. However, other income surged to Rs. 10.37 lakhs from Rs. 1.02 lakhs, enabling the company to report a profit before tax of Rs. 3.52 lakhs (vs Rs. 1.10 lakhs in FY25) and profit after tax of Rs. 2.55 lakhs (vs Rs. 1.10 lakhs). EPS for the year stood at Rs. 0.27. The statutory auditor issued an unmodified opinion on the financial statements. However, the audit report contains material observations: the company failed to provide valuation reports for unquoted investments as required by IND AS 109, and critically, the company's NBFC license was cancelled in September 2018 with a failed appeal in June 2020, which the auditors noted will adversely affect operations. The company confirmed it is not a Large Corporate under SEBI guidelines.
The company faces serious existential risk as its NBFC license cancellation effectively stops its core lending business, resulting in zero revenue. Despite showing accounting profits through other income, the underlying business has collapsed. Investors should be extremely cautious as the going concern of the company appears at significant risk.