The Board held at their meeting held considered and approved the audited financial statements for the quarter and year ended 31.03.2026
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Virat Leasing Ltd reported a net loss of Rs. 72.94 lakhs for FY26, significantly worse than the loss of Rs. 30.17 lakhs in FY25. Revenue from operations declined to Rs. 86.54 lakhs from Rs. 92.89 lakhs in the previous year. The company incurred a net loss on fair value changes of Rs. 122.25 lakhs during the year. Borrowings increased substantially from Rs. 84.73 lakhs to Rs. 138.51 lakhs. The statutory auditor issued an unmodified (clean) opinion on the financial results. The board also approved related party transactions for H2 FY26 and appointed M/s. Srimal Jain & Co. as the new internal auditor for FY27.
The widening net loss and declining revenue are negative signals for shareholders. The significant increase in borrowings raises concerns about the company's debt management. However, the clean audit opinion provides some comfort regarding financial statement reliability.