
Auditor11 Jun 2026, 12:39 pm
Indergiri Finance: Audit Qualification on Net Owned Funds
AI Summary
Indergiri Finance Ltd has announced its audited financial results for the quarter and year ended March 31, 2026. The company's auditor has issued a qualified opinion due to the Net Owned Funds (NOF) falling below the regulatory threshold of INR 5 crore, as required by RBI Scale-Based Regulations. The reported figures for turnover, expenditure, net profit/loss, assets, and liabilities remain unchanged before and after adjusting for the qualification. Management plans to increase equity share capital through a rights issue of up to INR 10 crore to address this issue. The company also reported a default of INR 30.40 lakhs on unlisted debt securities.
Key Highlights
- Auditor issued qualified opinion on FY26 results due to low Net Owned Funds.
- NOF below RBI regulatory threshold of ₹5 crore.
- Management plans ₹10 crore rights issue to boost equity.
- Reported a default of ₹30.40 lakhs on unlisted debt securities.
Price Impact
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