We wish to inform you that the Board of Directors of the Company at its meeting held today i.e on Friday, February 13, 2026 has considered and approved the Unaudited Financial Results of ....
Awaiting price reaction for this filing.
Minolta Finance reported unaudited Q3 FY26 results with a net profit of ₹230.65 lakhs, bouncing back from a ₹575.02 lakhs loss in Q2 FY26. However, for the nine-month period, the company slipped into a net loss of ₹329.69 lakhs versus a profit of ₹5.37 lakhs last year. Interest income surged to ₹657.39 lakhs (9M FY26) from ₹101.88 lakhs (9M FY25), but this was largely offset by heavy impairment provisions of ₹467.23 lakhs on financial instruments during the nine months. The auditor (JCR & Co. LLP) issued a modified/qualified opinion flagging understated interest expense due to missing loan documents, unverified investments of ₹62.96 lakhs without ownership proof, and accumulated ECL provisions of ₹5.54 crore (over 70% of net worth) on a loan book of ₹198.11 crore. The auditor also warned that further deterioration could materially impact net worth and affect the company's functioning. Separately, the Board approved raising authorized share capital to ₹70.20 crore (from ~₹10 crore) via a postal ballot.
Negative signals dominate: a qualified audit opinion, going-concern-like warnings from the auditor, ECL provisions eating into over 70% of net worth, and a potential 7x increase in authorized share capital signaling possible future dilution. While Q3 shows a sharp operational recovery, shareholders should weigh the weak 9M performance, asset quality concerns, and the dilution risk from the proposed capital expansion before taking a view on the stock.