NOVUS LOYALTY: Auditors Report for H1 FY26, details Bonus Issue & IPO

L N Nangalya & Co. (Chartered Accountants) issued an Independent Auditors’ Report for NOVUS LOYALTY LIMITED for the half-year ended March 31, 2026. The auditors provided an unmodified opinion, stating the financial statements give a true and fair view in conformity with Indian accounting principles. They confirmed no significant uncertainty regarding the company's ability to continue as a going concern. Key audit matters included revenue recognition, where IT controls were assessed, and capital issues. During the period, the company issued 1,22,40,000 bonus shares (1200:1 ratio) and 33,00,000 equity shares through an Initial Public Offer (IPO) at a premium of ₹136 per share. The IPO generated ₹44.88 crore in share premium, with ₹8.31 crore incurred as IPO expenses. The company's shares were listed on the Bombay Stock Exchange on March 25, 2026. Total equity share capital post-issue is ₹15,55,02,000.