Lerthai Finance Limited has reported its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results during a meeting held on May 20, 2026. The company operates in a single business segment, Investment, and its financial statements were subject to an audit by B. D. Jokhakar & Co., which issued an unmodified opinion. The audited financial results were published in the Financial Express and Hosadigantha newspapers on May 22, 2026.

Financial Performance

For the financial year ended March 31, 2026, the company reported a net loss of Rs 42.51 lakh, compared to a net loss of Rs 1.88 lakh in the previous year. Total income for the year stood at Rs 28.61 lakh, a decrease from Rs 46.93 lakh in the prior year. The company recorded no revenue from operations, with total income derived entirely from other income sources.

Total expenses for the year increased to Rs 68.25 lakh from Rs 62.02 lakh in the previous year. Key expense components included professional charges of Rs 52.97 lakh and employee benefits expense of Rs 3.93 lakh. The net loss for the quarter ended March 31, 2026, was Rs 24.74 lakh.

Cash Flow and Balance Sheet

The company's balance sheet as of March 31, 2026, showed total assets of Rs 1,010.83 lakh, down from Rs 1,046.59 lakh in the previous year. Cash and cash equivalents increased significantly to Rs 694.80 lakh from Rs 240.13 lakh, while investments decreased to Rs 311.99 lakh from Rs 317.41 lakh. Total equity stood at Rs 969.77 lakh, a decrease from Rs 1,012.26 lakh in the prior year.

The statement of cash flows indicated a net increase in cash and cash equivalents of Rs 454.67 lakh for the year. This was driven primarily by net cash flows from investing activities of Rs 517.80 lakh, largely due to proceeds from deposits. Cash generated from operations was negative at Rs 63.13 lakh.

Lerthai Finance Limited has filed a regulatory disclosure with stock exchanges confirming that no public issues, rights issues, or preferential issues were undertaken during the quarter and year ended March 31, 2026.

Regulatory Compliance Statement

The company submitted its statement of deviation or variation under Regulation 32(1) of SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015 to both BSE Limited and The Calcutta Stock Exchange on April 14, 2026.

Stock Exchange Communication

The disclosure was addressed to both major exchanges where the company's shares are listed. The company confirmed that since no public issues, rights issues, or preferential issues occurred during the specified period, the requirement for filing a deviation statement under SEBI regulations does not apply.

Company Details

Lerthai Finance Limited, formerly known as Marathwada Refractories Limited, operates with its registered office located at Barton Centre, Mahatma Gandhi Road, Bengaluru. The company maintains its listing compliance through regular regulatory filings.

Compliance Officer Statement

Company Secretary and Compliance Officer Sneha Khandelwal digitally signed the regulatory filing, ensuring proper documentation and compliance with SEBI listing obligations. The filing maintains transparency with stakeholders regarding the company's capital market activities during the reporting period.

The company requested stock exchanges to acknowledge receipt of the filing and maintain it on record as part of ongoing regulatory compliance requirements.