Appointment of Secretarial Auditor for second term of 5 year subject to approval of shareholders in AGM
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Axis Solutions Ltd reported audited standalone PAT of Rs 2,906.08 Lacs and consolidated PAT of Rs 2,884.10 Lacs for FY2026. Consolidated revenue grew 20.14% to Rs 24,067 Lacs from Rs 20,032 Lacs in the previous year. However, PAT declined 13.9% on consolidated basis (from Rs 3,348 Lacs) and 17% on standalone basis (from Rs 3,500 Lacs) due to higher expenses. The Board recommended a final dividend of Rs 0.60 per share (6%) for FY2026, subject to shareholder approval. New CFO Mr. Ninad Vora was appointed effective 21 May 2026. The company also appointed secretarial, internal, and cost auditors for FY2026-27. Statutory auditors issued an unmodified opinion with no qualifications.
Revenue growth of ~20% is positive, but declining PAT despite higher revenue suggests margin compression, which may concern investors. The dividend and clean audit opinion provide some support. Working capital changes resulted in negative operating cash flow of Rs 2,199.50 Lacs for the year.