Dhani Services Limited has informed the Exchange regarding Change in Auditors of the company.
Awaiting price reaction for this filing.
Dhani Services' board on July 25, 2025 approved unaudited Q1 FY26 (quarter ended June 30, 2025) results. On a consolidated basis, the company swung to a profit of ₹656.33 lakhs from a loss of ₹8,334.86 lakhs in the year-ago quarter, though total income fell to ₹9,704.29 lakhs from ₹12,891.71 lakhs. The turnaround was largely driven by a reversal of impairment on financial assets (₹1,129.95 lakhs credit) versus a charge of ₹5,414.40 lakhs earlier. Standalone, the loss widened to ₹1,080.29 lakhs from ₹792.66 lakhs. The board recommended re-appointment of Mr. Prem Prakash Mirdha as Independent Director for a second 2-year term and appointed M/s. Sukesh & Co. as Secretarial Auditor for 3 years (FY26–FY28). The composite merger scheme with Yaari Digital Integrated Services is pending, with the next NCLT hearing on August 7, 2025.
The consolidated swing to profit is encouraging but driven mainly by impairment reversals rather than revenue growth, which actually declined. Standalone losses continue, so the quality of earnings warrants scrutiny. The pending NCLT merger approval remains the key catalyst to watch for shareholders.