Appointment of M/s Vipul Kothari & Co , Chartered Accountant as Internal Auditor of the Company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Axis Solutions Limited (formerly Asya Infosoft Limited) reported audited consolidated revenue of Rs 20,316.43 lakhs for FY25, up about 24% from Rs 16,360.09 lakhs in FY24, with consolidated profit before tax of Rs 2,871.16 lakhs and net profit of Rs 3,244.14 lakhs for the year. The statutory auditor (Chandabhoy & Jassoobhoy) issued an unqualified opinion on both standalone and consolidated results. The board recommended a final dividend of Rs 0.50 per share (5% on face value of Rs 10), subject to shareholder approval. The board also appointed new Secretarial, Internal, and Cost Auditors for FY25-26, and approved entering into an inventory and intellectual property purchase agreement with a UK-based research and development entity. The note also discloses the prior amalgamation of Axis Solutions Pvt Ltd with Asya Infosoft Ltd (effective April 1, 2023, under an NCLT-approved resolution plan) and a fresh issue of 30 lakh equity shares to the public to meet minimum public shareholding norms.
Positive on the back of strong top-line growth, a clean audit, and a reinstated dividend signalling shareholder returns. The new auditor appointments and the UK R&D-linked IP purchase could be neutral-to-positive governance signals, while the historic IBC-driven amalgamation context is worth keeping in mind when interpreting the financials.