03-Nov-2026 17:34:42
STANROSE : LOSES NBFC STATUS AS GARMENT TRADING TAKES OVER
• Board approved standalone and consolidated unaudited results for Q2/H1 ended September 30, 2026 • Company no longer meets RBI principal business criteria for NBFC classification with effect from April 1, 2026 • Garments trading turnover exceeded 50% of total income in FY26; management intends to continue that business • Half-year net loss before tax at ₹158.68 L standalone v ₹139.32 L a year ago; consolidated ₹158.89 L v ₹139.25 L • Evaluating process to surrender the NBFC certificate of registration with RBI; results prepared under Division II of Schedule III • Consolidated results include wholly owned subsidiary Stan Plaza Limited; auditors flagged the NBFC/Division II matter as emphasis of matter
Stanrose Mafatlal Investments & Finance Ltd
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