Khandwala Securities Limited (KHANDSE) — Board Meeting | 21 May 2026

Khandwala Securities Limited approved its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, during a board meeting on May 21, 2026. The consolidated results show revenue of ₹1,512.97 lakhs (year) and a net loss before tax of ₹128.49 lakhs, with capital employed at ₹3,062.72 lakhs. The standalone revenue was ₹953.93 lakhs (year), yielding a modest profit before tax of ₹22.58 lakhs, driven by ₹754.61 lakhs from 'Feebased Operations'. The auditor issued a qualified opinion due to unresolved litigation over ₹216.69 lakhs in share application money and ₹350 lakhs in long-term deposits, both under legal challenge. Capital employed remained stable, and reserves stood at ₹1,248.99 lakhs. The qualified audit highlights material uncertainty around recoverability, which may pressure investor confidence despite operational revenue growth.