We wish to inform that the Board of Directors of the Company at its meeting held today has approved the Audited Financial Results (Standalone) for the Quarter and Year ended 31st March, 2026.
Awaiting price reaction for this filing.
BYLD Capital Finance reported a net loss of Rs. 220.61 lakhs for FY26 versus a loss of Rs. 44.61 lakhs in FY25. Revenue from operations was Rs. 565 lakhs, but total expenses of Rs. 262.44 lakhs (including Rs. 209.31 lakhs in other expenses) resulted in a loss before tax of Rs. 256.79 lakhs. The company raised Rs. 2100.18 lakhs via a rights issue of 1 crore equity shares at Rs. 210 per share. As of March 31, 2026, accumulated losses stand at Rs. 519.77 lakhs, causing significant erosion of net worth. The company changed its name from Avasara Finance Limited to BYLD Capital Finance Limited. The auditor issued an unmodified opinion but flagged going concern — the financial statements are prepared on going concern basis contingent on future performance under the business plan.
The significant increase in losses and accumulated erosion of net worth despite capital raise signals continued business stress. The auditor's explicit going concern flag is a red flag for investors — the company's ability to survive depends on future plan execution.