DCM Financial Services Limited — Board Meeting, 08-08-2025: Outcome of Board Meeting
08-08-2025 | 05:35 pm
08-08-2025 | 05:35 pm
DCM Financial Services' board has approved the consolidated financial results for the quarter ended June 30, 2025, reporting a higher loss of Rs. 0.26 crore. Auditors highlighted significant concerns: The company understated its Q1 loss by Rs. 1.42 crore by not provisioning interest on certain loans. Additionally, Rs. 16.83 crore in prior period interest (from a Delhi High Court accepted scheme) has not been accounted for, significantly impacting past and current financials. Furthermore, a Rs. 20.15 crore Debenture Redemption Reserve was not created due to insufficient profits. Investors should note these key audit observations.
No comments yet. Be the first to comment!
