Vardhan Capital Finance Reports Net Loss and Faces Liquidity Challenges in Q2 FY2025

Vardhan Capital & Finance Limited (VCFL) has reported financial results for the quarter ended September 30, 2025, revealing a net loss and ongoing liquidity challenges. The company's performance indicates a shift from profit to loss compared to the same period last year, along with concerns about outstanding statutory dues and regulatory compliance.

Financial Performance

VCFL reported a net loss of Rs. 1.52 lakhs for the quarter ended September 30, 2025, a significant downturn from the profit of Rs. 2.70 lakhs recorded in the corresponding quarter of the previous year. This decline in performance is reflected in the company's financial statements and has raised concerns about its current financial health.

Key Financial Metrics

The company's financial results for Q2 FY2025 reveal the following key metrics:

Particulars	Q2 FY2025 (Rs. in Lakhs)	Q2 FY2024 (Rs. in Lakhs)
Total Income	9.80	9.60
Total Expenses	10.42	9.55
Profit/(Loss) before Tax	(0.62)	0.05
Net Profit/(Loss)	(0.62)	(0.76)

Liquidity Concerns and Regulatory Compliance

The company is facing significant liquidity issues, as highlighted in the limited review report. Key points include:

Outstanding statutory dues of over Rs. 2.23 crores, pending for more than six months.
Ongoing process to regularize returns with the Reserve Bank of India (RBI).
Efforts to ensure compliance with regulatory bodies.

Management's Perspective

According to the management representation, VCFL considers these liquidity issues to be temporary. The company maintains that:

All loans and advances are recoverable in full.
There are no concerns regarding the company's status as a going concern.
No material provisions are required in the books with respect to non-compliances that could impact financial results and position.

Balance Sheet Overview

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

Particulars	Amount (Rs. in Lakhs)
Total Assets	1,395.71
Total Equity	774.90
Total Liabilities	620.81

Auditor's Observations

The independent auditors, JMT & Associates, have emphasized the liquidity issues in their limited review report. While they have not modified their report based on these matters, they have highlighted the company's challenges in meeting statutory obligations and regulatory compliance.

Investors and stakeholders are advised to monitor the company's progress in addressing these financial and regulatory challenges. The management's ability to resolve the liquidity issues and regularize compliance will be crucial for Vardhan Capital & Finance's future performance and stability.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Vardhan Capital & Finance Limited, a company listed on the BSE (Scrip Code: 542931), has announced a significant change in its key personnel. Mr. Pinesh Pokarne, who served as the Company Secretary and Compliance Officer, has tendered his resignation, effective October 27, 2025.

Resignation Details

The company disclosed this information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Here are the key details of the resignation:

Aspect	Details
Resigning Officer	Mr. Pinesh Pokarne (Membership Number: A40892)
Position	Company Secretary & Compliance Officer
Effective Date	October 27, 2025 (close of business hours)
Reason for Resignation	To pursue a new career opportunity
Other Material Reasons	None confirmed by Mr. Pokarne

Company's Response

Vardhan Capital & Finance has taken the following steps in response to this development:

Accepted Mr. Pokarne's resignation
Relieved him from his responsibilities with immediate effect
Committed to appointing a designated person as compliance officer soon
Promised to inform stakeholders and BSE about the new appointment in due course

Impact and Next Steps

The resignation of a Company Secretary and Compliance Officer is a significant event for any listed company. These roles are crucial for ensuring regulatory compliance and maintaining effective communication with stakeholders.

Vardhan Capital & Finance has assured its stakeholders that it will promptly fill this important position. The company's swift action in accepting the resignation and its commitment to appointing a new compliance officer demonstrates its dedication to maintaining proper corporate governance.

Conclusion

As Vardhan Capital & Finance navigates this transition, the company's ability to quickly and effectively fill this key position will be important for maintaining investor confidence and ensuring continued compliance with regulatory requirements. Stakeholders should stay tuned for further announcements regarding the appointment of a new Company Secretary and Compliance Officer.