Outcome of the Board Meeting approving the Un-Audited Financial Results (Standalone & Consolidated) of the Company for the Quarter Ended June 30, 2025, fixing the date of the Annual General Meeting & Re-appointment of the (Non-Executive) Independent Directors of the Company
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The board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). On a consolidated basis, revenue from operations rose to Rs. 23,388 lakhs (up from Rs. 20,064 lakhs a year ago) and net profit jumped to Rs. 4,796 lakhs (from Rs. 3,201 lakhs), taking basic EPS to Rs. 2.38. The 32nd Annual General Meeting is fixed for Wednesday, September 17, 2025. The board approved the re-appointment of Mr. Subodh Kumar Agrawal and Mr. Sandeep Kumar Singh as (Non-Executive) Independent Directors for a second term of five years each, subject to shareholder approval. During the quarter, 60 lakh warrants were converted into equity shares (Rs. 135 crores from Plutus Wealth Management LLP), Choice AMC became a wholly owned subsidiary, and the company invested about Rs. 99.5 crores in Choice Finserv, besides advancing Rs. 62.5 crores for a proposed 50% stake in Choice Insurance Broking pending IRDAI approval.
Consolidated profit grew roughly 50% year-on-year, driven by strong contributions from broking, advisory, and NBFC segments, which is a positive read for shareholders. The warrant conversion and fresh subsidiary investments expand the capital base and business footprint, while the independent director re-appointments ensure board continuity and remain subject to shareholder nod at the AGM.