StockWatch
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Non Banking Financial Company (NBFC)
Board Meeting11 Aug 2026, 04:03 pm

Minolta Finance Board Approves Unaudited Q1 FY27 Results

AI Summary

Minolta Finance Ltd announced that its Board of Directors has approved the unaudited financial results for the quarter ended June 30, 2026. The approval took place during a board meeting held on August 11, 2026. The company has enclosed the unaudited financial results along with a limited review report from its statutory auditors, M/s. JCR & Co. LLP. The auditors noted potential understatement of interest expense due to missing loan documents and inability to verify carrying value of investments due to missing ownership documents. Recoveries of ₹2.94 crore from Radiant Financial Services Ltd. pertaining to a subsequent period were also considered.

Key Highlights

  • Board approved unaudited financial results for Q1 FY27.
  • Auditors identified potential understatement of interest expense.
  • Auditors could not verify investment carrying value due to missing documents.
  • Company considered subsequent period recoveries of ₹2.94 crore.