We wish to inform you that Board meeting held today i.e November 12,2025 for considering and approving the Financial Statement, Related Party Transaction and ESOP.
Awaiting price reaction for this filing.
Minolta Finance's Board approved its unaudited financial results for Q2 and H1 FY26 ended September 30, 2025, reviewed related party transactions, and approved a new Employee Stock Option Plan (ESOP) Scheme 2025. The results were dire: revenue from operations turned negative at Rs. (3.61) lakhs in Q2 FY26 versus Rs. 205.31 lakhs in Q1 FY26, driven by a Rs. 2.74 crore interest reversal on an impaired asset and a Rs. 370.80 lakh impairment on financial instruments. The company reported a net loss of Rs. (575.02) lakhs for the quarter, against a profit of Rs. 1.32 lakhs in the year-ago period, with H1 FY26 net loss at Rs. (560.38) lakhs. The auditor flagged in the 'Other Matters' section that roughly 48.65% (Rs. 4.86 crore) of the company's net worth was eroded in a single quarter. Finance costs spiked sharply to Rs. 234.68 lakhs from Rs. 12.71 lakhs in Q2 FY25.
This is a deeply negative filing for shareholders – the company effectively lost nearly half its net worth in one quarter due to asset impairment and interest reversals, raising serious going concern questions. Expect negative stock price reaction and heightened scrutiny on the lender's asset quality, solvency, and the newly announced ESOP scheme.