DHENU BUILDCON INFRA LTD.

Operates as a non-banking financial company whose reported revenue comes entirely from interest income on lending. As of Q2 FY26 (September 30, 2025), the balance sheet carried loans of around ₹80,080 lakhs and investments of ₹20,177 lakhs, against borrowings of about ₹1,00,051 lakhs and equity of just ₹313.80 lakhs. FY26 revenue from operations was ₹82.64 lakhs versus ₹0.67 lakhs in FY25, and the company posted a net loss of ₹119.36 lakhs. Q3 FY26 total income was ₹84.50 lakhs, entirely interest income. The statutory auditor flagged a ₹160 crore loan in the books with no interest provision, along with doubts over recoverability of debited interest for which no receipts were recorded, and noted that several bank accounts at IDBI, HDFC and Yes Bank were dormant with balances unverifiable. In December 2025, the company allotted 591.55 crore equity shares at ₹1.42 per share on a preferential basis to six non-promoter entities, converting roughly ₹840 crore of unsecured loans into equity and lifting equity share capital from ₹183 lakhs to ₹59,337.93 lakhs. In March 2026, the Memorandum of Association was altered to add an investment company object, allowing the company to acquire, hold, invest in, buy or sell securities, gold, silver, platinum and precious stones. Operating cash flow was positive at ₹1,672.25 lakhs for FY26.