Digitide Solutions Limited has informed the Exchange about Appointment of Secretarial Auditors.
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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.