Appointment of M/s Maulik Shah & Co., Cost Accountant as the Cost Auditor of the Company
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Axis Solutions Ltd's board met on May 30, 2025 and approved audited standalone and consolidated financial results for Q4 and FY25 with an unmodified auditor opinion. Consolidated revenue from operations rose to Rs. 20,316 lakhs (vs Rs. 16,336 lakhs in FY24), and consolidated net profit jumped sharply to Rs. 3,245 lakhs from Rs. 337 lakhs, partly helped by the amalgamation of Axis Solutions Pvt Ltd with Asya Infosoft under the IBC. The board recommended a final dividend of Rs. 0.50 per share (face value Rs. 10) for FY25, subject to shareholder approval. It also appointed M/s Utkarsh Shah & Co. as Secretarial Auditor, M/s Vipul Kothari & Co. as Internal Auditor, and M/s Maulik Shah & Co. as Cost Auditor for FY25-26. Additionally, the company entered into an inventory and IP (patent, trademark, software) purchase agreement with a UK-based R&D entity, and issued 30 lakh equity shares to the public at Rs. 70 each to meet minimum public shareholding norms.
The strong profit jump and maiden dividend are positive signals for shareholders, but much of the gain stems from the recent amalgamation rather than pure organic growth. The UK IP deal and new auditor appointments are routine governance steps and unlikely to move the stock on their own.