Appointment of secretarial auditor of the company
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The board of Chartered Capital & Investment Ltd met on May 29, 2025 and approved two key items. First, the audited financial results for the quarter and year ended March 31, 2025 were approved with an unmodified (clean) opinion from statutory auditors M/s. F P & Associates. Total income for FY25 rose to Rs. 1,175.63 lakhs from Rs. 796.32 lakhs in FY24, though profit after tax was nearly flat at Rs. 538.51 lakhs vs Rs. 543.34 lakhs. Second, M/s. Hussain Bootwala & Associates, a peer-reviewed practicing company secretarial firm based in Ahmedabad, was appointed as the company's Secretarial Auditor for five years (FY 2025-26 to FY 2029-30), subject to shareholder approval at the upcoming AGM.
A clean audit opinion is reassuring for shareholders. The secretarial auditor appointment is a routine governance requirement and unlikely to affect the stock price. Strong revenue growth (~48% YoY) is positive, but flat bottom-line profit suggests margin pressure or higher costs during the year.