Minolta Finance Limited reported a net loss of ₹142.81 crore for the financial year ended March 31, 2026, a significant decline from the net profit of ₹1.22 crore recorded in the previous year. The company’s total income for FY26 stood at ₹1,196.92 crore, while total expenses rose to ₹1,401.97 crore. The board of directors approved the audited financial results for the year during a meeting held on March 26, 2026, and the results were published in Ek Din on March 28, 2026.

The statutory auditors, M/s JCR & Co. LLP, issued a qualified opinion on the standalone financial results. The auditors noted that the company reclassified a loan account from "Doubtful Asset" to "Sub-Standard Asset" and reduced Expected Credit Loss (ECL) provision by ₹1.84 crore based on a Tax Deducted at Source (TDS) deposit, despite no actual recovery being made by the reporting date. Additionally, interest expense was not provided for loan accounts amounting to ₹3.38 crore due to missing documents, preventing quantification of the understatement. Interest expense of approximately ₹2.43 crore for one borrower was also not provided, understating finance costs and current liabilities.

The auditor’s report further highlighted that the company holds quoted and unquoted investments of ₹62.96 lakhs without ownership documents, making it impossible to comment on their carrying value. The auditors also noted that the company did not obtain prior written permission from the Reserve Bank of India for a change in management in FY 2024-25, which could result in monetary penalties or regulatory action.

Financial Results for FY26

The following table summarizes the standalone financial performance for the year ended March 31, 2026:

Minolta Finance Ltd has fixed June 30, 2026 as the record date to determine shareholder eligibility for its proposed rights issue of 450 crore equity shares. The board approved the issuance at a price of ₹1.10 per equity share, allowing eligible shareholders to subscribe to 4.5 new shares for every one share held as on the record date. The full subscription amount must be paid on the day of application.

Rights Issue Details

The board's decision, taken during its meeting on May 26, 2026, outlines the specific terms of the capital raising exercise. The issue aims to raise funds through the issuance of fully paid-up equity shares.

The company stated that the record date is fixed specifically to identify shareholders eligible to apply for the issue. The communication was submitted to the stock exchanges pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.