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IndiaNivesh LtdBoard Meeting, 12-08-2025: Board Meeting

12-08-2025 | 11:29 pm

Indianivesh Limited has announced a board meeting where it approved the financial results for the first quarter. The company reported a significant drop in standalone net profit to Rs 0.17 Cr and a consolidated net loss of Rs 0.95 Cr for the quarter, compared to profits in the prior year period. Auditors have issued a qualified opinion. They noted that unprovided interest on loans worth Rs 132.35 Cr (totaling Rs 2.54 Cr for the quarter) would have increased losses. Consolidated results also carry a qualification for un-impaired goodwill of Rs 20.36 Cr in a subsidiary. The company's net worth is eroded, with management planning to infuse funds.

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