Enclosed is an outcome of board meeting held on 29-May-2025
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The board of First Custodian Fund India Ltd approved audited annual financial results for Q4 and FY ended 31 March 2025. Total income from operations rose to Rs. 304.60 lakhs in FY25 from Rs. 281.14 lakhs in FY24, while net profit increased to Rs. 173.96 lakhs from Rs. 164.00 lakhs. The board recommended a final dividend of 10% (Re. 1 per share) subject to shareholder approval. Mr. Manish Banthia was re-appointed as Whole Time Director & CFO for 3 years, and Mr. Giriraj Damani was re-appointed as Managing Director for 3 years. The statutory auditor issued an unmodified (clean) opinion on the financial results.
A clean audit opinion and steady growth in full-year profits and revenue are positive signals for shareholders, supported by a modest final dividend. However, Q4 FY25 showed a sharp sequential drop in income and profits, which investors may want to watch.