VARDHAN CAPITAL & FINANCE LIMITED

Key Financial Figures (Quarter Ended 30th June 2026)

  • Total Income: ₹37,475 (₹0.37 lakh)
  • Interest Income: ₹0
  • Dividend Income: ₹37,475 (₹0.37 lakh)
  • Total Expenses: ₹351,074 (₹3.51 lakh)
  • Employee Benefits Expense: ₹0
  • Finance Costs: ₹0
  • Other Expenses: ₹351,074 (₹3.51 lakh)
  • Profit/(Loss) before tax: ₹-313,599 (₹-3.14 lakh)
  • Tax Expense: ₹0
  • Profit/(Loss) for the period: ₹-313,599 (₹-3.14 lakh)
  • Other Comprehensive Income: ₹-3,775,694 (₹-37.76 lakh) before tax; ₹863,879 (₹8.64 lakh) tax benefit; Net ₹-2,911,815 (₹-29.12 lakh)
  • Total Comprehensive Income for the period: ₹-3,225,414 (₹-32.25 lakh)
  • Earnings Per Share (Basic & Diluted): ₹-0.07
  • Paid-up Equity Share Capital: ₹43,486,000 (₹434.86 lakh)

Balance Sheet Highlights (As at 30th June 2026)

  • Total Assets: ₹114,928,278 (₹1,149.28 lakh)
  • Financial Assets: ₹114,928,278 (₹1,149.28 lakh)
  • Cash and cash equivalents: ₹584,522 (₹5.84 lakh)
  • Loans & Advances: ₹64,279,671 (₹642.80 lakh)
  • Investments: ₹19,749,071 (₹197.49 lakh)
  • Other financial assets: ₹30,315,014 (₹303.15 lakh)
  • Total Equity: ₹73,367,622 (₹733.68 lakh)
  • Equity share capital: ₹43,486,000 (₹434.86 lakh)
  • Other equity: ₹29,881,622 (₹298.82 lakh)
  • Total Liabilities: ₹41,560,657 (₹415.61 lakh)
  • Borrowings (Other than Debt Securities): ₹18,283,921 (₹182.84 lakh)
  • Other financial liabilities: ₹23,276,736 (₹232.77 lakh)

Auditor's Emphasis of Matter

The Statutory Auditors, JMT & Associates, issued a limited review report with an unmodified opinion but included an Emphasis of Matter highlighting several issues:

  • The Company faces liquidity issues and has not paid statutory dues of approximately ₹2.23 crores (primarily relating to financial years 2021-22 to 2024-25) outstanding for periods exceeding six months.
  • The Company has outstanding loans and advances aggregating approximately ₹6.43 crore granted to related parties and others. Accrual and recognition of interest income on these exposures has been discontinued, and no impairment loss or Expected Credit Loss (ECL) provision has been recognized.
  • Management states that a settlement plan is under finalization and any resulting gains or losses will be accounted for only upon absolute execution of the settlements. The recoverability of these balances remains subject to uncertainty.
  • The Company is in the process of regularizing its returns with RBI and compliance with regulatory bodies under the applicable NBFC Master Directions.
  • Management represents that the Company is facing temporary liquidity issues that will be resolved soon, believing all loans and advances are good and recoverable in full. They assert no going concern issues and no material provisions are required.
  • The auditors note that in the absence of current status and adequate documentation of non-compliances, they are unable to quantify interest, penalties, and other dues that may be dependent on final receipt of demand notices from respective authorities.

Comparative Figures

Quarter Ended 30th June 2025 (Unaudited):

  • Total Income: ₹96,200 (₹0.96 lakh)
  • Profit/(Loss) before tax: ₹-90,000 (₹-0.90 lakh)
  • Profit/(Loss) for the period: ₹-90,000 (₹-0.90 lakh)
  • Total Comprehensive Income: ₹48,000 (₹0.48 lakh)
  • EPS: ₹-0.02

Year Ended 31st March 2026 (Audited):

  • Total Income: ₹3,354,300 (₹33.54 lakh)
  • Profit/(Loss) before tax: ₹-220,206 (₹-2.20 lakh)
  • Profit/(Loss) for the period: ₹-220,206 (₹-2.20 lakh)
  • Total Comprehensive Income: ₹-1,348,563 (₹-13.49 lakh)
  • EPS: ₹-0.05

Year Ended 31st March 2025 (Audited):

  • Total Income: ₹4,011,476 (₹40.11 lakh)
  • Profit/(Loss) before tax: ₹-870,094 (₹-8.70 lakh)
  • Tax Expense: ₹245,562 (₹2.46 lakh)
  • Profit/(Loss) for the period: ₹-1,115,655 (₹-11.16 lakh)
  • Total Comprehensive Income: ₹-221,062 (₹-2.21 lakh)
  • EPS: ₹-0.26