Appointment of Secretarial Auditor of the Company
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Awaiting price reaction for this filing.
Advik Capital's board, meeting on May 23, 2025, approved audited consolidated financial results for Q4 and FY ending March 31, 2025 with an unmodified (clean) audit opinion from KSMC & Associates. On a consolidated basis, full-year revenue from operations more than doubled to ₹2,871.57 lakhs (vs ₹1,291.67 lakhs in FY24), and net profit grew to ₹823.33 lakhs (vs ₹635.63 lakhs). However, Q4 FY25 alone posted a loss of ₹122.23 lakhs, slightly wider than the ₹94.18 lakhs loss in Q4 FY24. Total assets expanded sharply to ₹33,399.73 lakhs, driven by a big jump in loans (₹29,062 lakhs) and borrowings (₹15,282 lakhs). The board also appointed Mrs. Nisha Mittal as Company Secretary (KMP), M/s G Mansi & Associates as Internal Auditor for FY26, and M/s Shubhangi Agarwal & Associates as Secretarial Auditor for 5 years, subject to shareholder approval via postal ballot.
Strong annual earnings growth and a clean audit opinion are positive signals for shareholders, though the Q4 loss and sharp rise in borrowings (nearly doubling) to fund loan-book expansion warrant close watch. The KMP and auditor appointments are routine compliance matters and are unlikely to move the stock on their own; shareholder approval will be sought via postal ballot.