Garbi Finvest Ltd Declares Financial Results for Quarter and Year Ended March 31, 2026; Audit Notes Qualified Opinion
Garbi Finvest Ltd (formerly Golden Properties & Traders Ltd) has released its financial results for the quarter and full year ended March 31, 2026. The company, which operates predominantly in Non-Banking Financial Activities, reported specific figures across its income statement, balance sheet, and cash flow analysis.The Board of Directors held a meeting on May 29, 2026, and took note of the Audited Financial Results of the company for the quarter ended March 31, 2026.
Quarterly and Yearly Financial Performance
The consolidated financial statements provided detail the company's revenue structure, expenses, and net profit or loss for the period ending March 31, 2026 (Audited) as well as previous periods. Key figures from the Statement of Profit and Loss are presented below (amounts in Lakhs):| Particulars | Q End 31.03.2026 (Audited) | Q End 31.03.2025 (Audited) | YR End 31.03.2026 (Audited) |
|---|---|---|---|
| Revenue from Operations | 60.68 | 255.14 | |
| Interest Income | 65.71 | 1.00 | - |
| Profit on Sale of Investment | 48.93 | 211.45 | |
| Total Income | 114.64 | 111.61 | 466.59 |
| Total Expenses | 824.93 | 76.67 | 1,104.20 |
| Profit/(loss) Before Exceptional Items and Tax | -710.29 | 34.94 | -637.61 |
| Profit/(loss) before Tax | -710.29 | ||
| Total Comprehensive Income for the Year | 530.95 | -55.15 | 283.13 |
Financial Position and Key Metrics
As of March 31, 2026, Garbi Finvest Ltd reported specific totals for its assets and liabilities:| Particulars | Amount (Lakhs) |
|---|---|
| Total Assets | 8,017.69 |
| Total Equity | 7,094.08 |
The company's financial activities during the year included lending and investment activities. Loans granted in ordinary business operations amounted to Rs. 13,13,38,606, including a related party loan of Rs. 23,00,000. The aggregate outstanding amount of loans as at March 31, 2026, was Rs. 35,76,70,034.
Cash Flow Summary
The standalone statement of cash flows for the year ended March 31, 2026, showed the following movement:| Category | Amount (Lakhs) |
|---|---|
| Net Cash Generated from Operating Activities | -34.90 |
| Net Cash Used in Investing Activities | 143.63 |
| Net Cash from Financing Activities | 88.98 |
| Cash and Cash Equivalents at the End of the Year | 117.73 |
Auditor's Report Highlights
The independent auditor issued a Qualified Opinion on the Audited Financial Statements for the year ended March 31, 2026. The Basis for Qualified Opinion focused primarily on two areas:First, the company had not complied with requirements of applicable Indian Accounting Standards regarding provisioning and recognition of expected losses or liabilities. The auditors stated that without adequate supporting workings and an appropriate provisioning methodology, they could not comment fully on the correctness of provisions made in the financial statements and their impact on the profit/loss.
Second, although the company is classified as a Non-Banking Financial Company (NBFC), which relies on internal calculations for interest income and charges, no standardized methodology, supporting workings, system-generated reports, or documented basis were furnished for audit verification, making it impossible for the auditors to comment on the accuracy of interest income and related balances.
The auditors also highlighted other matters that could not be verified due to lack of records, including loan agreements and credit appraisal records.
Stock Price Movement
Garbi Finvest Ltd shares are ticking down at ₹10.30 as of 10:21, following a notable drop of 0.96%. Throughout the session, the stock has traded tightly within an intraday range between ₹10.30 and ₹10.40.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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