IndiaNivesh News

India Nivesh Limited Reports Quarterly Results with Auditor Qualifications on Interest Provisions

India Nivesh Limited announced unaudited financial results for the quarter and half-year ended September 30, 2025, showing net profit of Rs 17.55 lakhs but with qualified auditor opinion citing unprovided interest of Rs 5.09 crores on outstanding loans. The auditors highlighted concerns over interest provisions on two loans totaling Rs 132.55 crores, where negotiated interest terms were not reflected in the current period's financial statements.

Indianivesh Limited Board Approves Sale of Wholly-Owned Subsidiary and Key Leadership Changes

Indianivesh Limited's Board of Directors approved the complete sale of its 100% stake in wholly-owned subsidiary Indianivesh Securities Limited, pending shareholder approval. The subsidiary has a net worth of INR 155.51 lakhs with nil revenue. The company experienced auditor changes as M/s. C A S & Co. resigned due to pre-occupation with other professional commitments and lower audit fee expectations. The Board appointed M/s. Ajay Sobha & Co. Chartered Accountants as replacement statutory auditors to fill the vacancy. Additionally, the Board approved the re-appointment of Mr. Jagdish Pareek as Independent Director for a second five-year term until September 2030, and recommended regularization of Ms. Jeny Vinod Kumar Gowadia as Independent Director for a five-year term until May 2030. All appointments are subject to shareholder approval at the upcoming Annual General Meeting.

IndiaNivesh Limited Reports Q1 FY2026 Results with Mixed Performance

IndiaNivesh Limited announced its quarterly results for the period ended June 30, 2025. On a standalone basis, the company reported a net profit of Rs 17.49 lakhs compared to Rs 182.25 lakhs in the same quarter last year. Revenue from operations declined to Rs 32.55 lakhs from Rs 194.06 lakhs year-over-year. However, on a consolidated basis, the company posted a net loss of Rs 95.07 lakhs versus a profit of Rs 200.98 lakhs in the corresponding quarter of the previous year. The company's subsidiary IndiaNivesh Shares and Securities Private Limited has restarted its trading terminals on NSE Cash Segment, though Bombay Stock Exchange approval remains pending. The auditors issued qualified opinions citing concerns over unprovided interest on outstanding loans totaling Rs 132.35 crores and impairment testing issues for goodwill worth Rs 20.36 crores in a subsidiary.