Williamson Magor & Company Ltd

Financial results approved

• Standalone and Consolidated unaudited results for quarter ended 30 June 2026 approved with Limited Review Reports.
• Audit Committee reviewed and Board approved the results.

Going concern and audit observations

• Independent auditors issued a qualified conclusion on going concern for standalone and consolidated results.
• Net worth erosion and RBI NBFC registration cancellation; going concern reliance questioned.
• Non-recognition of interest on secured borrowings and inter-corporate borrowings; finance costs understated.
• Default in repayment of principal and interest on loans; liquidity issues highlighted.
• Deferred tax assets recognized; likely overstated given going concern uncertainties.
• Balances requiring reconciliation and confirmations; impacts not ascertainable.
• Neemrana Land sale proceeds to settle dues; Rs 9,02,500 thousand received.
• One-time settlement of debt securities; cash Rs 4,96,700 thousand paid; remaining to be settled via collateral sale.
• Arbitration with Real Touch Finance; joint liability Rs 50,89,591 thousand; Delhi HC challenge under section 34.

Regulatory/compliance matters

• RBI cancelled Certificate of Registration; NBFC operations to cease until further orders; results prepared on going concern basis.
• Appellate NBFC registration restoration petition rejected May 4, 2023; writ petition filed; matter sub judice.

Other material actions

• Board approved preparation of standalone and consolidated results on going concern basis; management expects lender/promoter support.

Dematerialisation status

• Certificate for period 1 April 2026 to 30 June 2026 received from MDPL (RTA).
• Physical certificates received for dematerialisation were mutilated and cancelled after verification.