Approval of Audited Standalone Financial Results for the quarter & year ended 31st March, 2026
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Awaiting price reaction for this filing.
Vinayak Vanijya Limited reported FY26 total income of Rs. 10.37 Lakhs (up from Rs. 9.91 Lakhs in FY25), driven entirely by other income of Rs. 10.37 Lakhs as revenue from operations was Rs. 0.00 Lakhs (vs Rs. 8.89 Lakhs in FY25). The company posted a PAT of Rs. 2.55 Lakhs for FY26, a significant jump from Rs. 1.10 Lakhs in FY25, aided by higher other income and lower finance costs. The statutory auditor issued an unmodified (clean) opinion on the financial results. However, the audit report contains an emphasis of matter noting that the company's NBFC license was cancelled in 2018 and the appeal was dismissed in June 2020, which will adversely affect future operations. The auditors also noted the accounting software lacked audit trail (edit log) feature throughout the year and could not comment on valuation of unquoted share investments under Ind AS 109.
The clean audit opinion is superficially positive but is overshadowed by the auditor's emphasis of matter on NBFC license cancellation, raising material uncertainty about the company's ability to continue as a going concern. With zero operating revenue and the NBFC business effectively shut down, the stock faces significant fundamental risk despite modest profitability in the current year.