Williamson Financial Services News

Williamson Financial Services postal ballot for Manager re-appointment

Williamson Financial Services Limited announces postal ballot for re-appointment of Mr. Shyam Ratan Mundhra as Manager for two years from April 1, 2026 to March 31, 2028. E-voting period: March 6-April 4, 2026.

Williamson Financial Services Q3FY26 Loss Widens

Williamson Financial Services reported a net loss of Rs. 1,611 thousand for Q3FY26, with net worth fully eroded and qualified auditor opinion citing going concern issues.

Williamson Financial Board Meet Set for Feb 10

Williamson Financial Services Limited has scheduled a board meeting on February 10, 2026, to consider and approve Q3FY26 unaudited financial results for the quarter ended December 31, 2025.

Williamson Financial Services Reports Quarterly Loss with Fully Eroded Net Worth

Williamson Financial Services Limited reported unaudited financial results for the quarter ended September 30, 2025. The company's net worth has been fully eroded as of September 30, 2025, yet accounts have been prepared on a going concern basis with management committed to revival and continuity. The auditors issued a qualified conclusion citing material uncertainty related to going concern, non-recognition of interest expenses, and inadequate provisions on loans and advances. The company has outstanding unsecured loans of Rs. 14,71,432 thousand with accrued interest of Rs. 1,81,297 thousand, against which only Rs. 3,89,981 thousand provision has been made. The company is in negotiations with secured lenders including Aditya Birla Finance Limited and InCred Financial Services Limited, and has not recognized interest expenses on borrowings as the matter remains under negotiation. Interest expenses of Rs. 88,200 thousand for the quarter and Rs. 1,75,494 thousand for the half year on inter-corporate borrowings have not been provided as the company negotiates for waiver of interest charges.

Williamson Financial Services Approves Q1 Results and Appoints New Secretarial Auditor

Williamson Financial Services Ltd's Board of Directors approved unaudited financial results for the quarter ended June 30, 2025, during a meeting held on August 12, 2025. The board also appointed M/s Vidhya Baid & Co, Company Secretaries, as Secretarial Auditor for a five-year term from April 1, 2025, to March 31, 2030, subject to shareholder approval at the upcoming AGM. The appointment was made based on the Audit Committee's recommendation. Vidhya Baid & Co is a Kolkata-based firm led by CS Vidhya Baid, who has over 10 years of experience in company law, SEBI matters, capital markets, and corporate restructuring. The board meeting lasted from 1:15 PM to 5:30 PM.