Williamson Financial Services Q1 Net Loss ₹0.69 Lakh

Total Income: ₹54 thousand
Total Expenses: ₹1,93,958 thousand
Loss before Tax: ₹(1,93,904) thousand
Tax Expense: ₹764 thousand (current tax including for earlier years)
Net Loss for Quarter: ₹(1,94,668) thousand
Earnings per Share (Basic and Diluted): ₹(0.08) per share of ₹10 face value
Paid-up Equity Share Capital: ₹83,591 thousand (8.359 million shares of ₹10 each)

Meeting held on 11th August 2026
Commenced at 1:00 PM and concluded at 5:00 PM
Audit Committee reviewed and recommended financial results prior to board approval

V. Singhi & Associates issued qualified review report highlighting:

Reserve Bank of India cancelled Company's Certificate of Registration (CoR) for NBFC business vide order dated 22nd June 2026
Company directed to cease NBFC business immediately but remains governed by RBI Act for outstanding claims

Net worth fully eroded as on 30th June 2026
Material uncertainty exists regarding company's ability to continue as going concern
Accounts prepared on going concern basis based on management's revival commitment

Interest expense of ₹87,034 thousand on inter-corporate borrowings for quarter not recognized
Company negotiating with lenders for interest waiver
Constitutes departure from Ind AS 109 and accrual accounting principles

Unsecured loans of ₹14,65,072 thousand with accrued interest of ₹1,80,597 thousand outstanding
Only ₹3,87,706 thousand provision made against these loans
Auditor believes loans are doubtful of recovery and provisions inadequate
Loss understated by unascertained amount due to insufficient provisioning

Balances relating to loans, advances, and borrowings subject to reconciliation and confirmation
Impact unascertainable in absence of party confirmations

Arbitration award from ICC Court of Arbitration dated 29th September 2025
Joint liability of eight parties including company fixed at ₹50,89,591 thousand to Real Touch Finance Limited
Additional ₹2,023 thousand for expenses recovery
Company and Williamson Magor & Co. Limited filed petition in Delhi High Court on 5th February 2026 under Section 34 of Arbitration Act
Company had previously recognized liability of ₹11,89,560 thousand
No additional liability recognized pending court disposal

Term loan of ₹15,00,000 thousand availed in 2017, defaulted on repayment
Settlement agreement dated 7th June 2023 for discharge of remaining balance for ₹2,50,000 thousand
Proceeds from sale of Neemrana Land (₹9,02,500 thousand) to be used for settlement
₹2,50,000 thousand already paid by group company

Group companies issued non-convertible debentures worth ₹25,00,000 thousand to IL&FS Asset Management
Settlement agreement dated 5th May 2023 for ₹4,96,700 thousand cash consideration
Proceeds from Neemrana Land sale (₹9,02,500 thousand) to settle outstanding dues

Inter-corporate loan to MBECL under CIRP: claim of ₹1,66,950 thousand (including ₹20,365 thousand unrecorded interest)
Only ₹5,000 thousand principal admitted by Resolution Professional
Company recovered ₹1.52 lakhs against inter-corporate deposit and interest
Received ₹40,000 for 40 lakh equity shares held at ₹0.01 per share on 15th June 2026

Financial results prepared in accordance with Ind AS 34 and Regulation 33 of SEBI Listing Regulations
Results available on company website: http://www.williamsonfinancial.in/
All business activities conducted within India
No separate reportable segments as per Ind AS 108
Financial results prepared considering prudential norms applicable to NBFCs