News ArticleAuthum Investment & Infrastructure Ltd Announces Unaudited Q2 and Half Year Financial Results Ending September 30, 2026
Board approves financial results with limited review report; highlights subsidiary performance and ongoing regulatory matters
Authum Investment & Infrastructure Limited announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The filing includes financial details of its subsidiaries and associates, along with emphasis on specific matters related to subsidiaries and legal proceedings.
Authum Investment & Infrastructure Limited
Financial Results
Authum Investment & Infrastructure Limited reported its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. The board approved these results alongside a limited review report prepared by independent auditors.
The results encompass financials for the main company and its subsidiaries including Open Elite Developers, Authum Asset Management Company Private Limited, India SME Asset Reconstruction Company, Billion Dream Sports Private Limited, Primetek Pens Private Limited, Authum Foundation, Wind Crest Realty Private Limited, and associate Rivaara Labs Private Limited.
Auditors performed the limited review in accordance with Indian Accounting Standard 34 and SEBI regulations, providing moderate assurance without an audit opinion. No material misstatements were found in the submitted financial statement.
The consolidated financial results exclude certain companies where the Company holds more than 20% equity but has strategic investments without management control.
Emphasis was drawn on Open Elite Developers Private Limited's accumulated losses totaling Rs. 902.35 crores as of September 30, 2026, despite a net profit of Rs. 1.30 crores in the period, raising concern over going concern status. The holding company has provided comfort to continue operations.
SEBI had imposed a Rs. 25 crore penalty on Open Elite Developers, including a 5-year market access restriction, which the company has appealed to the Securities Appellate Tribunal (SAT) and obtained a stay after depositing half the penalty. The next hearing is scheduled for November 30, 2026.
Highlights
- Authum Investment & Infrastructure Limited approved unaudited results for Q2 and H1 ended September 30, 2026.
- Consolidated financials include multiple wholly owned subsidiaries and associates.
- Open Elite Developers reports net profit of Rs. 1.30 crores but has accumulated losses of Rs. 902.35 crores.
- SEBI imposed Rs. 25 crore penalty against Open Elite Developers, stayed by SAT pending appeal.
- Next SAT hearing for penalty appeal scheduled on November 30, 2026.
Key Data Snapshot
What happened
- Board of Authum Investment & Infrastructure Limited approved unaudited standalone and consolidated financial results for Q2 and H1 FY2026-27 ending September 30, 2026.
- Limited Review Report was received from joint auditors Maharaj N R Suresh & Co LLP and APAS & Co LLP.
- Results cover the performance of the parent company along with seven subsidiaries and one associate entity.
Key details
- Certain companies where the Group holds more than 20% equity are excluded from consolidation due to strategic investment status without control or influence.
- Open Elite Developers Private Limited reported a net profit of Rs. 1.30 crores for the quarter and half year but has accumulated losses of Rs. 902.35 crores as on September 30, 2026.
- The net negative net owned fund status of Open Elite Developers raises going concern considerations, though the holding company has provided financial assurance.
- SEBI imposed a Rs. 25 crore penalty on Open Elite Developers along with a 5-year restriction on securities market access; the company has appealed and the matter is stayed by SAT.
- The next hearing of the penalty appeal before the Securities Appellate Tribunal is on November 30, 2026.
Regulatory and governance context
- Financial results prepared following Indian Accounting Standard 34 and RBI Guidelines applicable to Non-Banking Financial Companies.
- Limited review performed per the Standard on Review Engagements 2410 as issued by ICAI.
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 guided the filing and review process.
- Pending matters reported under audit section remain unresolved with the Ministry of Corporate Affairs, with no impact commentary provided.
Highlights
- Authum Investment & Infrastructure Limited approved unaudited results for Q2 and H1 ended September 30, 2026.
- Consolidated financials include multiple wholly owned subsidiaries and associates.
- Open Elite Developers reports net profit of Rs. 1.30 crores but has accumulated losses of Rs. 902.35 crores.
- SEBI imposed Rs. 25 crore penalty against Open Elite Developers, stayed by SAT pending appeal.
- Next SAT hearing for penalty appeal scheduled on November 30, 2026.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Indian Accounting Standard 34 "Interim Financial Reporting"
- Reserve Bank of India Guidelines for NBFCs
- Companies Act, 2013 Section 143(12) audit clause
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