The Board has approved resignation of Mrs. Aarushi Jain (DIN 10936056), Independent Director of the Company w.e.f. closure of business hours of May 12, 2025.
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Arco Leasing's board, at its May 12, 2025 meeting, approved audited financial results for FY ended March 31, 2025 with an unmodified opinion from statutory auditor M.C. Jain & Co. On a standalone basis, the company reported a net loss of Rs. 11.24 lakhs (slightly improved from Rs. 12.33 lakhs loss in FY24), with total income of Rs. 1.41 lakhs. On a consolidated basis, it swung to a small net profit of Rs. 1.41 lakhs from a Rs. 39.03 lakhs loss last year, aided by Rs. 17.41 lakhs in operating income. The board also accepted the resignation of Ms. Aarushi Jain (DIN 10936056) as Independent Director effective close of business on May 12, 2025, citing personal/professional reasons; she also stepped off the Audit Committee and Nomination & Remuneration Committee. Additionally, Mrs. Priyanka Oka was appointed as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval.
For shareholders, the FY25 results show a marginal improvement on the standalone front but the company remains loss-making with negative other equity of Rs. 67.14 lakhs. The departure of a woman Independent Director reduces board diversity, but since she confirmed no material governance concerns, the impact should be limited; the stock is thinly traded and small-cap, so material price reaction is unlikely.