ImportantCompany Update
Srestha Finvest's board approved its standalone and consolidated financial results for the quarter.
Srestha Finvest Ltd539217 · Filed with the exchange
The company reported a significant loss of ₹27.43 Cr, largely due to a provision for Non-Performing Assets of ₹38.86 Cr.
The board also noted a fine imposed for delayed submission of its shareholding pattern.
Additionally, 11.75 Cr new equity shares were allotted to a non-promoter by converting warrants.
The company is involved in a dispute over a ₹0.17 Cr interest payment on borrowings and is seeking legal advice.
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