Business Update27 May 2026, 03:49 pm

Ad-Manum Finance Writes Off ₹1.2 Cr in Receivables and Deposits

AI Summary

Ad-Manum Finance Ltd's Board of Directors approved the write-off of ₹1,19,68,958 in receivables and deposits during its meeting on May 27, 2026. The write-off includes ₹1,08,18,958 from Aris Capital Pvt. Ltd., ₹10,00,000 in compounding fees deposited with the Customs Department, and ₹1,50,000 in deposits with the Court. The company has considered the recoverability status and accounting prudence. This will have a one-time impact on profitability but no material impact on operations or liquidity.

Key Highlights

Ad-Manum Finance writes off ₹1.2 Cr in receivables and deposits.
Write-off includes receivable from Aris Capital and deposits.
Decision based on recoverability and accounting prudence.
One-time impact on profitability, no material impact on operations.
Board approval occurred on May 27, 2026.

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ADMANUM

Non Banking Financial Company (NBFC)

AD-MANUM FINANCE LTD.

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