Srestha Finvest News

Srestha Finvest Reports Quarterly Loss Amid Auditor Concerns Over Unpaid Interest

Srestha Finvest Limited reported a net loss for the quarter ended September 30, 2025, with auditors issuing a qualified review noting the company has not provided Rs. 34.13 lakhs interest on borrowings from Arcadia Shipping Ltd. The company operates in lending and investment segments and has received recall letters from the lender but is exploring legal options without responding.

Srestha Finvest Reports Quarterly Profit of Rs 217.20 Lakhs Despite Auditor Concerns

Srestha Finvest Limited reported a profit after tax of Rs 217.20 lakhs for the quarter ended June 30, 2025, compared to a loss of Rs 2,677.83 lakhs in the previous quarter. Total income increased to Rs 367.54 lakhs from Rs 108.87 lakhs in the prior quarter, driven by interest income of Rs 320.52 lakhs and net gains on futures & options trading of Rs 47.01 lakhs. However, auditors issued a qualified review report citing the company's failure to provide Rs 17.06 lakhs in interest on borrowings from Arcadia Shipping Ltd, which has demanded repayment of outstanding loans and interest. The company is exploring legal options regarding this matter. Additionally, the company's demat account remains frozen by regulatory authorities, restricting disposal of equity securities. During the quarter, Srestha Finvest acquired 25,576 equity shares of Kunj Forgings Ltd for Rs 4.00 crores. The company operates in two segments: financing and investment activities, with no interim dividend declared.