Outcome of Board Meeting held on Wednesday 13.08.2025
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The Board of Credent Global Finance Ltd approved standalone and consolidated unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). On a standalone basis, total revenue from operations rose modestly to Rs. 221.13 lakhs (vs Rs. 201.53 lakhs YoY), but net profit fell sharply to Rs. 55.91 lakhs from Rs. 86.57 lakhs due to higher employee costs and impairment charges. On a consolidated basis, revenue from operations declined sharply to Rs. 254.96 lakhs (vs Rs. 487.48 lakhs YoY), though the company swung to a net profit of Rs. 28.92 lakhs from a loss of Rs. 961.95 lakhs in the year-ago quarter. The Board also approved the Director's Report for FY25, the AGM notice, and appointed M/s Sumit Bajaj & Associates as Secretarial Auditor for five years (FY26–FY30).
The sharp drop in consolidated revenue (driven by lower other operating income) and weaker standalone profits may concern shareholders, though the consolidated turnaround from loss to profit offers some offset. The new Secretarial Auditor appointment is a routine governance step pending shareholder approval at the AGM.