Pradhin Limited Reports Q2 Results with Auditor Qualifications

Pradhin Limited , a company listed on the Indian stock exchange, has released its unaudited financial results for the quarter ended September 30, 2025. The results, which were approved by the company's board of directors, show mixed performance and come with significant auditor qualifications.

Financial Highlights

For the quarter ended September 30, 2025, Pradhin Limited reported:

Particulars	Q2 2025 (₹ in lakhs)	Q1 2025 (₹ in lakhs)	Q2 2024 (₹ in lakhs)
Revenue from operations	800.35	1,162.28	8,292.92
Total Revenue	800.35	1,833.92	8,241.45
Total Expenses	817.78	839.02	8,171.46
Profit before tax	(17.43)	994.90	70.00
Profit after tax	26.28	717.09	82.22

The company's revenue from operations for Q2 2025 stood at ₹800.35 lakhs, showing a significant decrease compared to both the previous quarter and the same quarter last year. Despite the lower revenue, Pradhin Limited reported a profit after tax of ₹26.28 lakhs for the quarter.

Half-Year Performance

For the half-year ended September 30, 2025, Pradhin Limited reported:

Total Revenue: ₹2,634.27 lakhs
Profit before tax: ₹977.47 lakhs
Profit after tax: ₹731.46 lakhs

Auditor Qualifications

The company's auditor, S Parth & Co, has issued a qualified opinion on the financial results, citing several concerns:

Lack of satisfactory supporting documents for sales, purchases, inventory valuation, and trade receivables and payables.
Absence of a fixed assets register, affecting the verification of depreciation and deferred tax liabilities/assets.
Unsecured loans without charged interest and unavailable loan agreements.
Non-disclosure of Micro, Small, and Medium Enterprises (MSME) classification for trade payables.
Unconfirmed trade receivables balances.

These qualifications raise questions about the accuracy and completeness of the reported financial information.

Balance Sheet Overview

As of September 30, 2025, Pradhin Limited's balance sheet shows:

Particulars	Amount (₹ in lakhs)
Total Assets	18,511.05
Total Equity	12,134.63
Non-current liabilities	4,604.28
Current liabilities	1,772.14

The company's total assets increased from ₹16,305.41 lakhs as of March 31, 2025, to ₹18,511.05 lakhs as of September 30, 2025.

Cash Flow Statement

For the half-year ended September 30, 2025, Pradhin Limited reported:

Net cash flow from operating activities: ₹(1,054.15) lakhs
Net cash flow from financing activities: ₹1,046.33 lakhs
Net decrease in cash and cash equivalents: ₹(7.82) lakhs

The negative cash flow from operating activities and the reliance on financing activities to maintain liquidity may be areas of concern for investors.

Conclusion

While Pradhin Limited has reported a profit for the quarter and half-year ended September 30, 2025, the significant auditor qualifications and the decrease in revenue raise important questions about the company's financial health and reporting practices. Investors and stakeholders may need to exercise caution and seek further clarification from the company regarding these issues.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.45%	+3.45%	0.0%	-21.05%	-67.39%	-62.03%

Pradhin Limited has announced a significant change to its Board of Directors with the appointment of Mrs. Pinky Akash Malik as an Additional Director. The appointment, effective from November 8, 2025, comes as part of the company's strategic move to strengthen its leadership team.

Key Appointment Details

The appointment of Mrs. Malik was made based on the recommendation of the Nomination and Remuneration Committee and is subject to shareholder approval. Here are the key details of the appointment:

Aspect	Details
Name	Mrs. Pinky Akash Malik
DIN	11368641
Position	Additional Director
Effective Date	November 8, 2025
Shareholding	Nil
Relation with existing directors	None

Professional Background

Mrs. Pinky Akash Malik brings a wealth of experience to Pradhin Limited. She is described as a dynamic and results-oriented professional with deep expertise in Business Marketing and Brand Promotion. Her career highlights include:

Successfully leading and executing marketing campaigns
Driving brand growth and enhancing customer engagement
Contributing significantly to business revenue
Known for strategic thinking and a market-centric approach

Regulatory Compliance

In compliance with regulatory requirements, Pradhin Limited has confirmed that Mrs. Malik is not debarred from holding the office of Director by the Securities and Exchange Board of India (SEBI) or any other authority. This appointment aligns with the company's commitment to maintaining a strong and diverse board.

Looking Ahead

The addition of Mrs. Malik to the Board of Directors is expected to bring fresh perspectives to Pradhin Limited's strategic direction, particularly in areas of marketing and brand development. As the company moves forward, shareholders will have the opportunity to ratify this appointment, potentially shaping the future trajectory of Pradhin Limited's market presence and brand strategy.