Disclosure reg 30 - LODR - Cessation
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Awaiting price reaction for this filing.
Amarnath Securities held its board meeting on August 13, 2025 and approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at Rs. 8.82 lakhs, slightly lower than Rs. 9.62 lakhs in the previous quarter, while profit after tax was Rs. 4.40 lakhs (down from Rs. 5.68 lakhs). Basic EPS for the quarter was Rs. 0.15. The board also accepted the resignation of Independent Director Mr. Afzalkhan Usmankhan Afridi, citing preoccupation, and appointed two new Independent Directors: Mr. Nitin Walunj (MBA Finance, 18+ years experience at Reliance Securities, Axis Securities, and Motilal Oswal) and Ms. Vaishali Dhruvabal Mahadik (Commerce graduate), each for a five-year term ending August 12, 2031. The statutory auditor issued an unmodified limited review report on the results.
The resignation is for personal reasons and unlikely to materially affect the stock. The new independent directors bring capital markets and finance expertise, which is broadly positive for governance. Q1 results show a modest dip in revenue and profit compared to the prior quarter, but the company remains profitable with stable EPS.