Appointment of M/s Utkarsh Shah & Co. as the Secretarial Auditor of the Company.
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Axis Solutions Ltd's board, meeting on May 30, 2025, approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with an unmodified auditor opinion. Consolidated FY25 revenue from operations rose to Rs. 203.16 crore (up from Rs. 136.36 crore in FY24) and net profit jumped to Rs. 32.48 crore (vs Rs. 3.37 crore in FY24), giving basic EPS of Rs. 7.49. 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 (FY26-27), M/s Vipul Kothari & Co. as Internal Auditor, and M/s Maulik Shah & Co. as Cost Auditor for FY26. Additionally, the company entered into an inventory and intellectual property purchase agreement with a UK-based R&D entity.
Strong earnings growth and a maiden dividend signal improving financial health after the FY24 NCLT-driven amalgamation of Axis Solutions Pvt Ltd with Asya Infosoft Ltd. The dividend, though small, is a positive first signal to shareholders; new auditor appointments are routine and the UK IP deal could be a growth catalyst worth watching.