Mega Fin FY26 loss widens to ₹6.46 lakh, auditor pending
Mega Fin (India) Limited reported a net loss of ₹6.46 lakh for FY26, reversing from a net profit of ₹23.08 lakh in FY25, as revenue from operations dropped to nil. The Board approved unaudited results on May 30, 2026, due to delays in appointing a Statutory Auditor, while also noting non-compliance regarding the AGM for FY25.
*this image is generated using AI for illustrative purposes only.
Mega Fin (India) Limited reported a net loss of ₹6.46 lakh for the financial year ended March 31, 2026, a reversal from the net profit of ₹23.08 lakh recorded in the previous year. The Board of Directors approved the unaudited financial results on May 30, 2026, after the audit could not be completed due to pending procedural formalities regarding the appointment of the Statutory Auditor. The company stated it is taking necessary steps to onboard the auditor at the earliest and will submit the audited results upon completion.
Revenue from operations for FY26 was nil compared to ₹29.94 lakh in FY25. Total expenses for the year rose to ₹6.46 lakh from ₹3.10 lakh in the prior year, primarily driven by other expenses. For the quarter ended March 31, 2026, the company reported a net loss of ₹5.26 lakh, with no revenue from operations. The Board meeting was conducted via video conferencing and at the registered office, commencing at 03:00 PM and concluding at 05:30 PM.
The financial statements were prepared in accordance with Indian Accounting Standards (Ind-AS) and reviewed by the Audit Committee. The disclosure was made to BSE Limited pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company noted that it has not conducted its Annual General Meeting (AGM) for the financial year ended March 31, 2025, within the prescribed time, resulting in non-compliance with statutory requirements.
Financial Performance for FY26
| Particulars | Year Ended 31 March 2026 (Unaudited) | Year Ended 31 March 2025 (Audited) |
|---|---|---|
| Revenue from operations | - | 29.94 |
| Total Expenses | 6.46 | 3.10 |
| Profit/(Loss) before tax | (6.46) | 26.84 |
| Net Profit/(Loss) | (6.46) | 23.08 |
| Basic EPS (₹) | (0.08) | 0.28 |
Assets and Liabilities
The company's total assets stood at ₹276.58 lakh as of March 31, 2026, slightly down from ₹277.31 lakh in the previous year. Cash and cash equivalents increased to ₹1.22 lakh from ₹0.69 lakh. Borrowings rose to ₹11.99 lakh from ₹10.83 lakh, while other financial liabilities increased to ₹16.55 lakh from ₹11.98 lakh. Equity share capital remained unchanged at ₹917.79 lakh, while other equity stood at a negative ₹675.57 lakh compared to a negative ₹669.11 lakh in the prior year.
What is the expected timeline for appointing a Statutory Auditor and releasing the audited financial results?
How does the company plan to address the non-compliance regarding the delayed Annual General Meeting for FY25?
What strategic measures will be taken to resume revenue generation after reporting nil operations for FY26?
20
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
