NDL Ventures Clarifies Financial Discrepancies for Q2 FY26
NDL Ventures Limited clarifies discrepancies in its Q2 FY26 financial results submitted to NSE. The company addressed issues regarding machine-readable format, segment details, and XBRL submission errors. The audited results for the quarter ended September 30, 2025, show a net profit of ₹28.35 lakhs on total income of ₹120.15 lakhs. For the half-year, net profit was ₹52.53 lakhs on total income of ₹236.44 lakhs.
This is a clarification of a routine submission and does not involve new material events or significant financial changes that would impact the company's valuation or operations.
The announcement is a clarification of previously submitted financial results and does not contain new positive or negative financial information beyond what was already reported. The tone is factual and addresses procedural matters.
NDL Ventures Limited (formerly NXTDIGITAL Limited) has provided clarifications to the National Stock Exchange of India Limited regarding discrepancies in their integrated financial results for the quarter ended September 30, 2025. The company addressed three key points raised by the exchange. Firstly, a technical error had prevented one page of the merged file from being converted to a machine-readable format, which has now been rectified and submitted as Annexure-1. Secondly, the company confirmed that segment details were submitted in XBRL, with 'Other Financial Services' identified as the single segment. Snapshots of these details are provided as Annexure-2. Thirdly, regarding discrepancies in half-yearly figures in the XBRL submission, NDL Ventures clarified that they selected 'Second Quarter' under the 'Reporting Quarter' tab, and provided a snapshot as Annexure-2. The company requested the exchange to accept these clarifications and take them on record.
The independent auditor's review report from S K Patodia & Associates LLP, dated October 24, 2025, confirms that based on their review, nothing came to their attention that suggests the accompanying unaudited financial statements for the quarter and half-year ended September 30, 2025, contain any material misstatements. The report is prepared in accordance with Indian Accounting Standard 34 and SEBI Listing Regulations.
The financial results for the quarter ended September 30, 2025, show total income of ₹120.15 lakhs and total expenses of ₹82.25 lakhs, resulting in a profit before tax of ₹37.90 lakhs. Net profit after tax for the quarter stood at ₹28.35 lakhs. For the half-year ended September 30, 2025, total income was ₹236.44 lakhs, total expenses were ₹166.24 lakhs, profit before tax was ₹70.20 lakhs, and net profit after tax was ₹52.53 lakhs. The company's paid-up equity share capital remains ₹3,367.17 lakhs, with reserves of ₹2,637.91 lakhs. Basic and diluted Earnings Per Share for the quarter were ₹0.08.
The Statement of Assets and Liabilities as at September 30, 2025, shows total assets of ₹6,497.08 lakhs and total equity and liabilities of ₹6,497.08 lakhs. The Statement of Cash Flows for the half-year ended September 30, 2025, indicates net cash used in operating activities of ₹(239.93) lakhs and net cash generated from investing activities of ₹393.35 lakhs. Net cash used in financing activities was ₹(168.36) lakhs, primarily due to dividend payments.
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NDL Ventures Limited filed this with the NSE as a statutory disclosure, categorised under sebi compliance filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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