Update on Strategic Review, Funding and Financial Reporting
Released
Released
Announcement PDF
ASX Release 20 October 2026
Update on Strategic Review, Funding and
Financial Reporting
Findi Limited (ASX: FND) (Findi or the Company) refers to its announcements dated 5 June 2026 and 21 July
2026 and provides the following update regarding its strategic review, funding arrangements and outstanding
financial reporting obligations.
Strategic Review
During 2026 three new non-executive directors were appointed to the FND board and on June 5, 2026 a new
Chairman was appointed.
Subsequent to the appointment of the new Chairman a strategic review of the business was performed by
the board.
Upon receipt of an independent financial review and receipt of the draft audit report the board placed FND in
a trading suspension on June 22, 2026.
The Board has continued its strategic review of the Company's operations, financial position and capital
structure, with particular focus on the financial position and funding requirements of its Indian operations.
Despite extensive discussions and consideration of alternative financing and restructuring options, the
Company has not yet secured a solution capable of addressing its requirements on terms acceptable to the
relevant parties.
In view of the short cash runway the Board continues to very actively assess the options available to the
Company, having regard to its financial position and the interests of shareholders and other stakeholders and
remains in active negotiation with a range of parties covering a range of solutions for the business.
There can be no assurance that these discussions will result in a successful financing or restructuring
transaction.
FY2026 Audited Financial Statements
The finalisation of the Company's audited financial statements for the year ended 31 March 2026 remains
outstanding.
The outcome of the ongoing funding and restructuring discussions mentioned above remains relevant to the
Board's assessment of the appropriate basis of preparation of the financial statements and the finalisation of
the audit.
Addressing the Group’s funding requirements has taken longer than previously anticipated, and the Company
is not currently in a position to confirm a definitive date for lodgement of the audited financial statements and
Annual Report.
ASX Release 20 October 2026
Trading Suspension and Next Steps
The Company's securities remain suspended from quotation on ASX.
The Board recognises the uncertainty that the prolonged suspension and delay in financial reporting have
created for shareholders.
The Board remains focused on determining an appropriate course of action in light of the Company's financial
circumstances, progressing the outstanding financial reporting requirements and addressing the matters
relevant to any potential reinstatement to quotation.
The Company will provide further updates to the market as appropriate and will promptly disclose material
developments in accordance with its continuous disclosure obligations.
Authorised for release by the Board of Findi Limited.
Investor Enquiries
Stephen Benton
Non-Executive Chairman
sbenton@findi.co
Media Enquiries
John Hurst
Tribune Partners
+61 418 708 663
jhurst@tribunepartners.com.au
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