Williamson Financial Services Ltd — Important, 03-09-2025: Company Update

Williamson Financial Services filed its FY25 Annual Report with an addendum clarifying omitted Secretarial Audit details. The company reported a reduced net loss of 4.45 Cr for FY25 (previously 4.72 Cr) and saw borrowing liabilities decrease to 440.79 Cr from 464.64 Cr. Auditors, however, issued a qualified opinion, citing non-recognition of a 37.37 Cr interest expense and inadequate 53.63 Cr provision for 147.70 Cr doubtful loans. This raises material uncertainty on its going concern status due to significant borrowing defaults, including 99.35 Cr owed to InCred. Management asserts ongoing recovery and settlement efforts.