Appointment of Internal Auditor of the Company
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Awaiting price reaction for this filing.
Advik Capital's board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with an unmodified (clean) auditor's opinion. Full-year consolidated revenue from operations more than doubled to Rs 2,871.57 lakhs (vs Rs 1,291.67 lakhs in FY24), and net profit rose about 30% to Rs 823.33 lakhs (vs Rs 635.63 lakhs). However, Q4 FY25 swung to a loss of Rs 122.23 lakhs versus a Rs 94.18 lakh loss a year ago, and EPS for the full year dipped marginally to Rs 0.17. Total assets surged to Rs 33,399.73 lakhs led by a sharp increase in the loan book to Rs 29,062.27 lakhs and borrowings nearly doubling to Rs 15,282.08 lakhs. The board also appointed M/s G Mansi & Associates as internal auditor for FY26, M/s Shubhangi Agarwal & Associates as secretarial auditor for 5 years, and Mrs. Nisha Mittal as Company Secretary (KMP). A postal ballot notice was approved for shareholder approvals.
Strong full-year growth in revenue and profit, along with a clean audit opinion, is positive, but rising borrowings alongside the loan book expansion and a Q4 loss may concern risk-conscious investors. The appointment of new auditors and a company secretary is routine governance housekeeping and is unlikely to move the stock materially.