Digitide Solutions Limited has informed the Exchange about Appointment of Secretarial Auditors.
DIGITIDE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.2 pts less than Nifty Microcap 250 and 3.7 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Digitide Solutions, which recently got listed on BSE and NSE on June 11, 2025 after a demerger from Quess Corp, announced its first post-listing quarterly results. Consolidated revenue from operations grew about 5.7% year-on-year to ₹7,357 million in Q1 FY26, up from ₹6,960 million a year ago. However, net profit dropped sharply to ₹96.93 million from ₹552.91 million in the same quarter last year, dragged down by ₹88.65 million in one-time demerger expenses (professional fees and stamp duty) booked as an exceptional item. The Board also approved the appointment of Deloitte Haskins & Sells as Statutory Auditors for a 5-year term (till the 2030 AGM) and Mr. Parameshwar G Bhat as Secretarial Auditor for 5 years starting FY26, subject to shareholder approval.
Revenue growth is steady but profitability in the first quarter as a listed entity is weighed down by one-time demerger costs, so headline earnings look weak. The appointment of a top-tier auditor like Deloitte is a positive signal for governance and disclosure quality, which should comfort investors watching this newly listed stock.