Garbi Finvest Ltd Reports Financial Results for FY2026; Qualified Opinion Issued by Auditors
Garbi Finvest Limited, formerly known as Golden Properties & Traders Ltd., has released its Quarterly and Yearly Integrated Financial results for the financial year ended March 31, 2026. The company's Board of Directors reviewed and approved the audited financial results on May 29, 2026.The entity operates predominantly in the Non-Banking Financial Activities sector. While reporting its financial performance, the company disclosed a Qualified Opinion from its Statutory Auditors concerning compliance with accounting standards and internal operational procedures.
Key Financial Performance Indicators
The results demonstrate fluctuations across key income streams, including revenue from operations and profit on sale of investments, as compared to the preceding year ended March 31, 2025.Financial results for both periods are summarized below (amounts in Rs Lakhs):
| Particulars | FY Ended March 31, 2026 (Audited) | FY Ended March 31, 2025 (Audited) |
|---|---|---|
| Revenue from Operations | 255.14 | 235.03 |
| Interest Income | 65.71 | - |
| Profit on Sale of Investments | 211.45 | 200.85 |
| Total Income | 466.59 | 435.88 |
| Total Expenses | 1,104.20 | 267.73 |
| Profit/(Loss) Before Tax | (637.61) | 168.15 |
Audit Qualification and Financial Impact
The Independent Auditors issued a Qualified Opinion on the Audited Financial Statements for the year ended March 31, 2026. The qualification was based primarily on two areas of compliance: provisioning and standardized accounting practices within the NBFC sector.Key points from the audit qualifications include:
- Provisioning and Expected Losses: Auditors stated that the company has not complied with applicable Indian Accounting Standards (Ind AS) regarding the provisioning and recognition of expected losses or liabilities. Due to a lack of adequate supporting workings and an appropriate provisioning methodology, the auditors were unable to comment on the correctness of provisions made in the financial statements and its consequent impact.
- NBFC Interest Income: Since Garbi Finvest Ltd is an NBFC, the company calculated interest income/charges based on internal management calculations. Auditors noted that no standardized methodology, system-generated reports, or documented basis was furnished for audit verification, rendering them unable to comment on the accuracy and completeness of related balances.
The reported impact of these qualifications on key metrics—such as Total Income (466.59), Net Profit/(Loss) attributable to Shareholders (357.98 lakh, reporting loss), Total Assets (7094.09), and Net Worth (6897.35)—was stated as "Not Ascertainable" by the company, as per the management's responses.
Financial Position Highlights
The Balance Sheet for March 31, 2026, showed a structure composed of both financial and non-financial assets, supported by equity reserves. Key balances are detailed below:| Financial Metric | As at 31 March 2026 (Rs Lakhs) | As at 31 March 2025 (Rs Lakhs) |
|---|---|---|
| Total Financial Assets | 7,094.06 | 8,017.62 |
| Total Non-Financial Assets | 6,060.00 | 0.07 |
| Total Equity and Liabilities | 1,173.07 | 1,173.07 |
| Total Equity (Net Worth) | 7,094.08 | 8,017.77 |
Additionally, the Cash Flow Statement detailed operational movements:
| Financial Metric | FY Ended March 31, 2026 (Rs Lakhs) | FY Ended March 31, 2025 (Rs Lakhs) |
|---|---|---|
| Net Cash from Operating Activities | -34.90 | -28.00 |
| Net Cash used in Investing Activities | 143.63 | -347.08 |
| Net Cash from Financing Activities | 88.98 | 0.23 |
Stock Price Movement
Garbi Finvest Ltd closed today at ₹10.25 in the post-market session, recording a 0.97% decline. Shares moved throughout the day, reaching an intraday high of ₹10.29 while settling near the low of ₹10.02.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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