Shifting of the Registered Office of the Company.
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Awaiting price reaction for this filing.
Dhansafal Finserve's board, at its August 14, 2025 meeting, approved multiple items including Q1 FY26 (quarter ended June 30, 2025) unaudited results. Total revenue rose to Rs. 237.45 lakhs from Rs. 133.28 lakhs in Q1 FY25, but profit after tax fell sharply to Rs. 14.93 lakhs from Rs. 61.39 lakhs year-on-year, with EPS at Rs. 0.01. Statutory auditor M/s. RSRV & Associates resigned effective August 14, 2025, citing pre-occupation in other assignments, with about two years still left on their term (they were appointed in August 2022 and were scheduled to serve until the 2027 AGM). To fill the casual vacancy, M/s. ARCK & Co. has been appointed, pending shareholder approval. The board also appointed Mr. Raghunath Narasimhachar Patel, a retired RBI Chief General Manager with 36+ years of banking experience, as a Non-Executive Independent Director for a five-year term. The company's registered office will shift from Malad (West) to Goregaon East in Mumbai effective August 15, 2025, and the 44th AGM is scheduled for September 25, 2025 via video conferencing.
Shareholders should note the mid-term auditor change, though the cited reason (pre-occupation) appears routine and RSRV's limited review report on Q1 results was issued without concerns. The 64% YoY drop in Q1 profit despite higher revenue may draw scrutiny, while the addition of a seasoned RBI veteran as Independent Director is a positive governance signal.