Madhusudan Securities Ltd. has announced a board meeting on the financial results for the quarter and half-year.

The audit report highlights a qualified opinion due to a non-provision of Rs. 12 Crores advances to Primus Retail (P) Ltd, which is under liquidation.

This advance is considered doubtful, but management is actively pursuing recovery or settlement.

The company reported a net loss of Rs. 52.46 lakhs with no adjustments made post-qualification.

Total assets and net worth remain unchanged, reflecting management's stance on the recoverability of the doubtful advances.