Pradhin Limited , a company listed on the Bombay Stock Exchange (BSE), has received approval for a significant change in its shareholder structure. The BSE has granted permission for the reclassification of two individuals from the promoter group to the public category. However, this approval comes with a cautionary note regarding the company's disclosure practices.

Promoter Reclassification Approval

The BSE has given its nod to Pradhin Limited's application for reclassifying two promoters:

This reclassification effectively removes these individuals from the promoter group, potentially altering the company's ownership structure and control dynamics.

Disclosure Violation Warning

While approving the reclassification, the BSE also issued a warning letter to Pradhin Limited. The company was found to be in violation of disclosure obligations under Regulation 31A(8)(c) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The timeline of events is as follows:

The significant delay of over a month between the application submission and its disclosure to the stock exchange prompted the BSE to issue a warning. This delay is considered a breach of the requirement to disclose material events within 24 hours.

Implications and Compliance Focus

This incident underscores the importance of timely disclosures in maintaining transparency and regulatory compliance in the stock market. Companies must ensure that they adhere strictly to disclosure timelines to avoid regulatory scrutiny and potential penalties.

Pradhin Limited will need to enhance its compliance mechanisms to prevent such delays in the future. The company's board of directors is expected to review this warning letter and implement corrective measures to avoid similar lapses.

Investors and market participants should take note of this development, as it reflects on the company's corporate governance practices. While the promoter reclassification has been approved, the disclosure violation may warrant closer attention to Pradhin Limited's future regulatory compliance.

As the market continues to emphasize transparency and timely disclosures, listed companies must prioritize their compliance efforts to maintain investor confidence and meet regulatory standards.

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:

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:

1. Lack of satisfactory supporting documents for sales, purchases, inventory valuation, and trade receivables and payables.
2. Absence of a fixed assets register, affecting the verification of depreciation and deferred tax liabilities/assets.
3. Unsecured loans without charged interest and unavailable loan agreements.
4. Non-disclosure of Micro, Small, and Medium Enterprises (MSME) classification for trade payables.
5. 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:

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.