Appointment of Internal Auditor and Secretarial Auditor
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Dhruva Capital Services' board, at its meeting on July 25, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) along with the limited review report by V. Jalan & Co. The company also appointed M/s. Vikash Chamaria & Company as its new Internal Auditor for FY 2025-26, and CS Niaz Ahmed as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval. Revenue from operations rose to Rs. 79.18 lakh from Rs. 45.92 lakh in Q1 FY25, but the company swung to a net loss of Rs. 53.62 lakh due to a Rs. 55.57 lakh NPA provision and higher employee and other expenses. However, NPA recoveries of Rs. 236.93 lakh (shown in Other Comprehensive Income) pushed total comprehensive income to Rs. 183.32 lakh, giving an EPS of Rs. 4.51.
This is a routine compliance filing with no governance red flags. The new auditor appointments reflect standard regulatory housekeeping rather than any exit or controversy. Q1 results show stronger revenue but elevated costs and asset-quality stress; the headline loss is cushioned by NPA recoveries, so the underlying message is mixed for shareholders.