Ontic Finserve News

Ontic Finserve Director Vishwambar Singh Resigns

Ontic Finserve Limited announces resignation of Director Mr. Vishwambar Kameshwar Singh effective March 18, 2026, with board accepting resignation and acknowledging his contributions.

Ontic Finserve Limited Announces Resignation of Two Executive Directors

Ontic Finserve Limited disclosed that Mr. Ayush Patel (DIN: 10848330) and Mr. Bharat Babubhai Sakariya (DIN: 10849027) have resigned from their positions as Executive Directors, effective from the close of business hours on November 20, 2025. The Board of Directors has accepted their resignations and acknowledged their valuable contributions during their tenure with the company.

Ontic Finserve Reports Quarterly Financial Results for Quarter Ended September 30, 2025

Ontic Finserve Limited's Board of Directors approved the unaudited financial results for the quarter ended September 30, 2025, during a meeting held on November 12, 2025. The company, formerly known as Maral Finance Limited, reported a net loss before tax of Rs. 95.06 lakhs for the quarter. The results were reviewed by the Audit Committee and accompanied by a Limited Review Report from statutory auditors Nirav S. Shah Co. The company's cash flow statement showed net cash used in operating activities of Rs. 2.26 lakhs. The financial results indicate negative shareholders' funds and the company continues to face operational challenges during the reporting period.

Ontic Finserve Limited Changes Statutory Auditor Following Resignation

Ontic Finserve Limited announced changes to its statutory auditor position during a board meeting held on August 14, 2025. M/s K M Chauhan & Associates resigned from their role as statutory auditor, citing busy schedules and unavoidable circumstances that prevented them from dedicating adequate time to the company's affairs. The firm had been appointed on September 27, 2024, with a term originally scheduled to expire at the AGM for FY 2028-29. They completed their statutory audit for financial years up to 2024-2025. The company has appointed M/s Nirav S Shah & Co. as the new statutory auditor, effective August 14, 2025. The new appointment is subject to shareholder approval at an upcoming Extraordinary General Meeting or Annual General Meeting. M/s Nirav S Shah & Co. is described as a chartered accounting firm with experience in maintaining client retention and professional services.

Ontic Finserve Limited Approves Unaudited Financial Results for Quarter Ended June 30, 2025

Ontic Finserve Limited's Board of Directors approved the unaudited financial results for the quarter ended June 30, 2025. The results, reviewed by statutory auditors K M Chauhan & Associates, were submitted to BSE Limited in compliance with SEBI regulations. The board meeting was held on August 13, 2025, commencing at 12:00 PM and concluding at 12:30 PM. The Audit Committee reviewed and recommended the financial results along with the Limited Review Report. The results are available on BSE's website and the company's website. Director Bhupendra Raiyani was authorized to sign the financial documents and handle related formalities.