Key Financial Figures (₹ in Lakhs)

Income:

  • Revenue from Operations (Interest Income): 491.33
  • Total Income: 491.33

Expenses:

  • Finance Cost: 407.90
  • Impairment on Financial Instruments: 16.77
  • Employee Benefit Expenses: 24.33
  • Depreciation and Amortization Expense: 0.15
  • Other Expenses: 12.16
  • Total Expenses: 461.50

Profit/(Loss):

  • Profit before tax: 29.83
  • Tax expense: (16.99)
  • Net Profit for the period: 46.81
  • Other Comprehensive Income (net of tax): 1.56
  • Total Comprehensive Income for the period: 48.38

Earnings Per Share & Capital:

  • Basic & Diluted EPS (not annualized): ₹0.05
  • Paid-up Equity Share Capital: 999.96 (remained unchanged from previous periods)

Comparative Figures (₹ in Lakhs):

  • Q1 FY26 (30.06.2025): Net Loss of (56.00); EPS of (₹0.56)
  • Q4 FY25 (31.03.2026): Net Profit of 258.34; EPS of ₹0.26
  • Full Year FY25 (31.03.2026): Net Loss of (142.81); EPS of (₹0.14)

Limited Review Report Findings

The statutory auditors, M/s. JCR & Co. LLP, issued a limited review report dated August 11, 2026, with several qualifications:

1. Interest Expense Understatement: Interest expense was not provided in a few loan accounts because the loan documents are missing. The amount of understatement could not be quantified.

2. Investment Documentation: The company shows quoted and unquoted investments worth ₹62.87 lakhs but lacks ownership documents. The auditors could not comment on the carrying value.

3. ECL Provision Error: The company considered recoveries of ₹2.94 crore from Radiant Financial Services Ltd. pertaining to the period from July 1, 2026, to August 7, 2026 (after the reporting period) in its ECL calculation. This resulted in an understatement of the ECL provision by ₹2.94 crore and a corresponding overstatement of profit by the same amount.

4. Assignment of Debt: An assignment of debt of ₹6.18 crores to Radiant Financial Services Ltd. vide an agreement dated June 30, 2026, requires board approval and immediate ratification. The assignment letters issued to debtors were unavailable for verification.

Other Matters Disclosed

1. RBI Approval for Management Change: The company informed the auditors that it filed an application with the RBI in March 2026 for approval of a change in management that occurred sometime in 2024-26. Approval is awaited.

2. Ransomware Cyber-Attack: The company was hit by a ransomware cyber-attack on July 3, 2026. All financial data, including backups, were compromised and could not be recovered. Management is of the view that there was no financial loss due to this event.

3. Profession Tax Compliance: The company deducted Profession Tax from employees' salaries but has not remitted it to the authorities. It was also noted that the company has not obtained the mandatory professional tax registration.

Regulatory and Accounting Framework

The financial results have been prepared in accordance with Indian Accounting Standard (Ind AS) 34 and other accounting principles generally accepted in India. The figures for the quarter ended March 31, 2026 (Q4 FY25), are the balancing figures between the audited full-year and the unaudited nine-month figures.