Indergiri Finance Posts Net Loss for the Year, Audit Qualified Over Regulatory Threshold
Indergiri Finance Ltd has reported its audited financial results for the year ending March 31, 2026, noting a net loss despite maintaining healthy asset and equity levels. The company’s audit report included a Qualified Opinion, primarily citing the continued non-maintenance of the mandated Net Owned Fund (NOF) as required by the Reserve Bank of India (RBI).The company's financial performance metrics for the year show that Total Income stood at 355.07 Lakhs, while Total Expenditure was reported at 536.6 Lakhs. This resulted in a net loss of 181.53 Lakhs for the quarter and year combined.
Key figures from the audited results are presented below:
| Financial Metric | Audited Figures (In Lakhs) |
|---|---|
| Total Income / Turnover | 355.07 |
| Net Profit / Loss | -181.53 |
| Total Assets | 1972.32 |
| Total Liabilities | 1834.44 |
| Net Worth | 137.88 |
The company's earnings per share (EPS) was reported at -2.72 across both adjusted and unadjusted figures.
Audit Qualification Due to NOF Deficiency
The independent auditor issued a Qualified Opinion based on the requirement to maintain a minimum Net Owned Fund (NOF), as prescribed by the RBI’s Scale-Based Regulations. The audit noted that the company's NOF stood at 64.19 Lakhs as of March 31, 2026, which was below the prescribed minimum required amount.The management responded to this deficiency by planning an equity infusion and approving a rights issue on February 10, 2026, intended to increase the company's capital base up to 10 Crore. However, as of the date of the financial statements, the proposed rights issue had not been completed, nor had the draft Letter of Offer been filed with regulatory bodies.
Despite the qualification, management stated that it remains committed to remedying the NOF deficiency and continuing operations as a Non-Banking Financial Company in the foreseeable future.
Debt Securities Status Revealed
A review of the company's financial indebtedness showed specific details regarding unsecured debt securities.For unlisted debt securities (NCDs and NCRPS), the total outstanding amount was 793.92 Lakhs, with a reported default amounting to 30.40 Lakhs. Regarding loans or revolving facilities from banks or financial institutions, the company reported zero outstanding amount and zero defaults in this category.
Financial statements reviewed for the quarter show the following:
- Total Income: The company achieved total income of 355.07 Lakhs against 536.6 Lakhs in total expenditure.
- Debt Financing: There were 300 Lakhs in secured Nonconvertible Debentures (NCDs) issued to EastWest Rescue Private Limited and East West Medical Private Limited, which are secured against designated receivables at a coupon rate of 9.75%. The company also defaulted on the repayment of interest on NCD amounting to 25 Lakhs.
Stock Price Movement
As of 12:15, Indergiri Finance Ltd is edging higher at ₹20.03, ticking up 4.98% in current trading. The shares are trading completely flat as the intraday high and low remain locked at ₹20.03.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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