Finelistings Technologies CFO Prateek Malhotra Resigns Effective July 3, 2026

1 min read     Updated on 03 Jul 2026, 06:39 PM
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AI Summary

Finelistings Technologies Ltd has accepted the resignation of CFO Prateek Malhotra, effective July 3, 2026, citing pre-occupation elsewhere. The disclosure was made to BSE Limited under SEBI (LODR) Regulations, 2015, with the Board confirming no other material reasons and placing on record its appreciation for his contributions.

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Finelistings Technologies Ltd accepted the resignation of Chief Financial Officer Prateek Malhotra effective July 3, 2026, citing pre-occupation elsewhere as the reason for his departure. The Board of Directors acknowledged his contributions during his tenure and confirmed that there are no other material reasons for the resignation beyond those stated in his letter.

The disclosure was made to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The resignation was intimated via a letter addressed to the Board of Directors of Finelistings Technologies Ltd , and the company has attached the resignation letter to the regulatory filing.

Resignation Details

The following table outlines the key details regarding the change in the company's Key Managerial Personnel:

Sr. No. Particulars Details
1. Name of the Key Managerial Personnel Mr. Prateek Malhotra
2. Reason for change Resignation due to pre-occupation elsewhere
3. Date of cessation Friday, 3 July, 2026
4. Brief profile Not Applicable
5. Disclosure of relationships between Directors Not Applicable
6. Confirmation of no other material reasons Confirmed

The resignation was submitted from Mr. Malhotra's address in Gurgaon, Haryana. The Board placed on record its appreciation for the guidance provided by the outgoing CFO.

Historical Stock Returns for FTL

1 Day5 Days1 Month6 Months1 Year5 Years
+2.00%-16.98%-45.02%-25.28%-64.44%-91.60%

Who will be appointed as the interim CFO until a permanent replacement is found?

What impact will this leadership change have on Finelistings Technologies' financial strategy?

How will the company ensure a smooth transition of financial responsibilities before July 2026?

Finelistings Technologies reports net loss of ₹334.83 lakh in FY26

1 min read     Updated on 28 May 2026, 09:41 PM
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Finelistings Technologies Limited reported a narrowed net loss of ₹334.83 lakh for FY26, down from ₹376.99 lakh in FY25, as revenue fell to ₹600.87 lakh. The board approved the audited results and appointed M/s. Gaurav Bachani & Associates as Secretarial Auditor and M/s. Maharishi Shandilya as Internal Auditor.

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Finelistings Technologies Limited reported a net loss of ₹334.83 lakh for the financial year ended March 31, 2026, narrowing from a loss of ₹376.99 lakh in the previous year. Revenue from operations declined significantly to ₹600.87 lakh from ₹1,915.37 lakh in FY25. The company’s total expenditure for the year stood at ₹934.65 lakh, down from ₹2,282.83 lakh in the prior year.

The board of directors approved the audited financial results for the half year and year ended March 31, 2026, at a meeting held on May 28, 2026. The statutory auditors, M/s. D G M S & Co., issued an unmodified opinion on the standalone financial results. The results were reviewed by the Audit Committee prior to board approval.

Key Financial Metrics for FY26

Particulars Year Ended 31/03/2026 (₹ in Lakhs) Year Ended 31/03/2025 (₹ in Lakhs)
Revenue From Operations 600.87 1,915.37
Total Income 602.32 1,917.95
Total Expenses 934.65 2,282.83
Net Profit/(Loss) (334.83) (376.99)
Basic EPS (9.21) (10.37)

The company operates in a single reportable business segment: the retail of pre-owned luxury cars. Consequently, segment-wise disclosures have been provided in accordance with Accounting Standard 17. The financial statements were prepared in compliance with the Accounting Standards specified under Section 133 of the Companies Act, 2013.

Auditor Appointments

In addition to the financial results, the board appointed new auditors for the upcoming fiscal periods. M/s. Gaurav Bachani & Associates (FRN: S2020GJ718800) was appointed as the Secretarial Auditor for the Financial Year 2025-26. The firm brings over five years of experience in corporate legal and compliance matters.

M/s. Maharishi Shandilya, Chartered Accountants, was appointed as the Internal Auditor for Financial Year 2026-27. The appointed auditor possesses over 22 years of expertise in risk-based internal audits and statutory compliance. Both appointments are effective from May 28, 2026.

Assets and Liabilities

The audited balance sheet as of March 31, 2026, shows total assets of ₹1,274.15 lakh, a decrease from ₹1,546.27 lakh in the previous year. Shareholders' funds reduced to ₹1,088.25 lakh from ₹1,423.07 lakh, primarily due to the accumulated losses. The company reported cash and cash equivalents of ₹17.62 lakh at the end of the fiscal year, compared to ₹10.86 lakh a year earlier.

Historical Stock Returns for FTL

1 Day5 Days1 Month6 Months1 Year5 Years
+2.00%-16.98%-45.02%-25.28%-64.44%-91.60%

What strategic initiatives will Finelistings implement to reverse the significant decline in operational revenue?

With cash equivalents at only ₹17.62 lakh, does the company have sufficient liquidity to sustain operations until profitability is achieved?

How will the new internal auditor's expertise in risk-based audits influence the company's cost control measures moving forward?

More News on FTL

1 Year Returns:-64.44%