Outcome of Board Meeting and Audited Financial Results for the Quarter and year ended March 31, 2026.
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Yunik Managing Advisors Ltd (formerly Essar Securities Ltd) held its Board meeting on May 15, 2026, approving audited financial results for Q4 and FY 2026. The company reported total income of Rs. 7.50 million for FY2026, down from Rs. 11.35 million in FY2025, primarily due to zero operating income with only other income from reversal of earlier period expenses. The net loss widened to Rs. 5.42 lakh from Rs. 0.52 lakh in the prior year. Basic EPS stood at Rs. -0.18. The statutory auditors issued an unmodified (clean) opinion. The Board also approved appointments of two additional directors, a company secretary, a secretarial auditor, and an internal auditor. The company's books of accounts will be shifted to their Mumbai office (no change in registered office).
The widening net loss and declining revenue indicate continued financial stress. However, the clean audit opinion provides some assurance to shareholders. The company remains a consultancy/advisory services firm with no subsidiaries and minimal equity of Rs. 10.23 lakh.