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Quarterly Result25 May 2026, 06:21 pm

Novus Loyalty Audited Report: FY26 Financials Released

AI Summary

Novus Loyalty Ltd. releases its annual audited report for the financial year ending March 31, 2026. The report, audited by L N Nangalya & Co., includes the balance sheet, statement of profit and loss, and cash flow statement. The auditor's opinion states that the financial statements present a true and fair view in accordance with accounting principles generally accepted in India. Key audit matters included revenue recognition and the issue of capital through a bonus issue and IPO. The company issued 1,22,40,000 bonus shares and 33,00,000 equity shares via IPO, listing on the Bombay Stock Exchange on March 25, 2026.

Key Highlights

  • Audited report for FY26 shows a true and fair view of financials.
  • Issued 1,22,40,000 bonus shares at a ratio of 1200:1.
  • Raised capital through an IPO of 33,00,000 equity shares at ₹146 each.
  • Shares listed on Bombay Stock Exchange on March 25, 2026.
  • IPO expenses of ₹8,31,46,217 adjusted against share premium.