531505 Board approves Q4/FY26 results with qualified opinion

The Board of Directors of 531505 met on May 28, 2026, and approved the Audited Financial Results for the quarter and year ended March 31, 2026. The statutory auditors, M/s. Sampat & Mehta LLP, issued an independent auditor's report with a qualified opinion. The qualification stems from the company's failure to maintain the minimum Net Owned Fund (NOF) of ₹500 Lakhs as required by RBI for NBFCs. The company's NOF stood at ₹225.63 Lakhs as of March 31, 2025, and further deteriorated to ₹(64.19) Lakhs as of March 31, 2026. Despite informing RBI of a planned ₹1,000 Lakhs rights issue to remedy the deficiency by March 31, 2026, the issue has not been completed. The financial results are prepared on a going concern basis, despite the ongoing regulatory non-compliance and potential cancellation of RBI registration.