Appointment of Internal Auditor and Secretarial Auditor
Awaiting price reaction for this filing.
Oswal Leasing Limited's board, at its meeting on May 22, 2025, approved audited financial results for Q4 and FY ending March 31, 2025, with an unmodified audit opinion from statutory auditor V.V. Bhalla & Co. The company re-appointed M/s Raj Gupta & Co. as Internal Auditors for FY 2025-26 and appointed M/s M.G. Jindal and Associates as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval. Additionally, Mr. Ravi Kumar was re-appointed as Manager-cum-CFO for two more years (till May 8, 2027). Financial performance showed a marginal decline in total income to Rs. 15.09 lakhs (from Rs. 15.29 lakhs), but net loss narrowed sharply to Rs. 0.24 lakhs from Rs. 4.20 lakhs. The 41st AGM is scheduled for August 2, 2025 via video conferencing.
This is a routine corporate housekeeping update with no major red flags; improved net loss and stable equity base (Rs. 279.82 lakhs) are mildly positive, while auditor continuity supports governance stability. Minimal direct impact on share price expected.