Appointment of Mr. Raghunath N. Patel as a Non Executive Independent Director of the Company.
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DhanSafal Finserve's board approved unaudited Q1 FY26 (June 30, 2025) results, reporting total revenue of Rs. 237.45 lakhs, up from Rs. 186.60 lakhs in the previous quarter and Rs. 133.28 lakhs in Q1 FY25. Profit after tax stood at Rs. 14.93 lakhs (EPS Rs. 0.01), slightly lower than Rs. 15.10 lakhs in Q4 FY25. Statutory auditor M/s. RSRV & Associates resigned mid-term, citing pre-occupation in other assignments, with their original term running until the 2027 AGM. M/s. ARCK & Co. has been appointed to fill the casual vacancy, subject to shareholder approval. Mr. Raghunath Narasimhachar Patel, a retired RBI Chief General Manager with 36 years of experience, was appointed as a Non-Executive Independent Director for a five-year term.
Revenue growth is a positive signal, but the mid-term auditor change warrants attention—retail investors should monitor whether ARCK & Co. raises any concerns during the transition. The appointment of a highly experienced ex-RBI official as independent director strengthens board credibility and governance.