BSEAxis Solutions LtdLowNeutral
Announced Thu, 21 May · 20:09 IST

Appointment of Cost Auditor for FY 2026-27

Management Changes View source PDF

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AI summary

Axis Solutions held its Board Meeting on 21st May 2026, approving multiple items. Key financials: Standalone revenue Rs 23,832 Lakhs (up ~18.8% YoY) with net profit Rs 2,906 Lakhs; Consolidated revenue Rs 24,067 Lakhs with net profit Rs 2,884 Lakhs. Statutory auditors gave an unmodified opinion. The Board recommended a Final Dividend of Rs 0.60 per equity share (6% on face value of Rs 10), subject to shareholder approval at the AGM. Mr. Ninad Vora was appointed as Chief Financial Officer (CFO) & KMP effective 21st May 2026. The company also appointed M/s Utkarsh Shah & Co. (Secretarial Auditor for a 5-year 2nd term), M/s Vipul Kothari & Co. (Internal Auditor for FY 2026-27), and M/s G G & Associates (Cost Auditor for FY 2026-27). Consolidated EBITDA stands at Rs 4,510 Lakhs, and total assets grew to Rs 28,393 Lakhs from Rs 20,013 Lakhs in the prior year.

Likely market impact

Strong financial results with revenue and profit growth, plus a dividend payout, are positive signals for shareholders. The appointment of a new CFO indicates refreshed financial leadership. Multiple auditor appointments reflect routine compliance.