NOVUS LOYALTY LTD: Auditors Report for FY26 Highlights Bonus & IPO

Novus Loyalty Limited's Independent Auditors' Report for the fiscal year ended March 31, 2026, issued by L N Nangalya & Co., provides an unmodified opinion on the financial statements. Key audit matters included revenue recognition from software development and loyalty programs. During the year, the company undertook significant capital actions, including a 1200:1 bonus issue of 1,22,40,000 equity shares at ₹10 each, increasing equity capital by ₹12.24 crore. Additionally, an Initial Public Offer (IPO) of 33,00,000 equity shares at a premium of ₹136 per share was completed, raising ₹44.88 crore in share premium, after adjusting ₹8.31 crore for IPO expenses. The company's shares were listed on the Bombay Stock Exchange on March 25, 2026, with total equity share capital post-issue reaching ₹15.55 crore.