Intimation regarding re-appointment of Mr. Rajiv Bakshi (DIN: 00264007) as Non-Executive Independent Director for a second term of five years w.e.f. August 5, 2026 till August 4, 2031, ....
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The board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, total income rose to Rs 3,547.37 lakhs from Rs 2,901.44 lakhs a year ago, with profit after tax at Rs 783.32 lakhs (vs Rs 736.52 lakhs), giving EPS of Rs 11.87. On a consolidated basis, total income grew to Rs 13,455.75 lakhs and profit after tax rose to Rs 2,390.56 lakhs (vs Rs 2,291.82 lakhs), with EPS of Rs 35.00 and net worth of Rs 1,03,532.15 lakhs. Statutory auditors PYS & Co LLP issued an unmodified review opinion. The board also approved the 32nd AGM notice for September 13, 2025, and recommended shareholder approvals for borrowings up to Rs 3,000 crore, commercial paper up to Rs 250 crore, NCDs/debentures up to Rs 750 crore, and NCRPS up to Rs 100 crore. Mr. Rajiv Bakshi (former Bank of Baroda Executive Director) was re-appointed as Independent Director for a second five-year term effective August 5, 2026. No interim dividend was declared.
Steady quarter with modest profit growth and strengthened equity base. The large borrowing and debt issuance proposals, subject to shareholder approval, signal plans to expand lending and capital market activities — potentially positive for future revenue but also raising leverage (debt-equity ratio ~2.99 on consolidated basis). No dividend means no near-term income for shareholders.