Whalesbook
Khandwala Securities Ltd. reported a standalone net loss of Rs 128.45 lakhs for the fiscal year ending March 31, 2026. The consolidated net loss for the same period was Rs 128.49 lakhs. Total revenue from operations for the fiscal year stood at Rs 789.44 lakhs on both standalone and consolidated bases.
The company's Board of Directors met on May 21, 2026, to approve these audited financial results. They also reappointed M/s. Savina & Pooja, Chartered Accountants, as the internal auditor for the upcoming Financial Year 2026-2027.
Investors monitor such results to assess company performance. The reported loss indicates a difficult financial year for Khandwala Securities. The reappointment of the internal auditor signals continuity in financial oversight.
However, the auditors issued a qualified opinion, raising specific concerns. These include Rs 216.69 lakhs in share application money outstanding for 288 months due to ongoing litigation, and Rs 350.00 lakhs in long-term deposits where recovery is uncertain. These issues could impact the company's financial stability and warrant close attention.
Shareholders will need to consider the implications of the net loss and the auditor's qualifications for the company's future. Investors should monitor upcoming quarterly performance, management's strategies to address auditor concerns, and developments in the litigation concerning share application money.