Glance Finance Ltd has issued a corrigendum to its unaudited financial results for the quarter ended June 30, 2026, to correct inadvertent typographical errors regarding the audit status of reported figures. The correction ensures accurate classification of the financial data submitted to BSE Limited on August 8, 2026. This administrative update clarifies the nature of the filings without altering any underlying financial metrics or operational disclosures.

The company specified that the term “Audited” previously displayed against the figures for the quarters ended June 30, 2026, and June 30, 2025, must be read as “Unaudited.” Conversely, the term “Unaudited” appearing against the figures for the quarter ended March 31, 2026, should be construed as “Audited.” All other particulars and contents of the original Unaudited Financial Results remain unchanged.

Correction Details

The following table outlines the specific corrections mandated by the company:

Chirag Bhuptani, Company Secretary and Compliance Officer, signed the communication addressed to the Department of Corporate Services at BSE Limited. The notice requests the exchange to take the corrected information on record.

What the Numbers Show

This filing is purely procedural and does not reflect any changes in the company’s financial performance for Q1FY27. Investors should note that the actual revenue, profit, and balance sheet figures previously disclosed remain valid; only the descriptive tags indicating their audit status were erroneous. The correction aligns the reporting with standard regulatory requirements for quarterly unaudited results versus annual audited statements.

Glance Finance Limited reported a net profit after tax (PAT) of ₹5.79 crore for the quarter ended June 30, 2026, reversing a loss of ₹3.84 crore in the same period last year. Total income surged to ₹8.93 crore from ₹9.36 crore in Q1FY25, primarily driven by a ₹6.90 crore gain on fair value changes. The Board of Directors also approved the appointment of M/s. Ashish Bang & Co. as statutory auditors for a five-year term, effective from the conclusion of the 32nd Annual General Meeting (AGM).

The financial results were approved by the Board on August 07, 2026, pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. M/s. J M T & Associates, the current statutory auditor, issued a limited review report with a qualified opinion regarding the provision for gratuity and leave encashment, which was estimated rather than based on actuarial valuation as required under Ind AS 19.

Financial Performance

The company’s total income stood at ₹8.93 crore in Q1FY26, compared to ₹9.36 crore in Q1FY25. Interest income rose to ₹40.13 lakh from ₹21.36 lakh, while fees and commission income declined to ₹47.49 lakh from ₹58.22 lakh. A significant contributor to the bottom line was the net gain on fair value changes, which amounted to ₹690.21 lakh, up from ₹608.01 lakh in the prior year quarter. Expenses totalled ₹201.53 lakh, down from ₹241.05 lakh in Q1FY25, aided by lower impairment charges of ₹0.39 lakh compared to ₹46.55 lakh previously.

Note: Q1FY25 figures are restated as per Note 3 in the filing.

Segment Results and Auditor Appointment

The Lending & Investment Division contributed ₹730.34 lakh to segment revenue, while the Non-Strategic Business Division added ₹162.32 lakh. Segment assets for the Lending & Investment Division grew to ₹5,082.01 lakh from ₹4,143.87 lakh in the previous year. The Board, on the recommendation of the Audit Committee, appointed M/s. Ashish Bang & Co. (FRN: 152247W) as statutory auditors for five years, from the conclusion of the 32nd AGM in 2026 until the conclusion of the 37th AGM in 2031. This appointment is subject to shareholder approval.

What the Numbers Show

The reversal from a loss position in Q1FY25 to a profit in Q1FY26 is largely attributable to improved management of fair value gains and reduced impairment costs. While total income saw a slight decline, the reduction in expenses, particularly impairment of financial instruments, significantly boosted profitability. However, the qualified audit opinion regarding employee benefits provisions indicates a potential area of compliance risk that shareholders should monitor in future filings.