Appointment of Secretarial Auditor

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Price reactionminutes from the announcement price · days from the prior close

-2.8%Reaction day

₹139.90

prior close

₹132.95

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-3.6% vs market

Non Banking Financial Company (NBFC) peers, median of 192sector+0.3%-3.1% vs sector

On the reaction day the stock moved 3.6 pts less than Nifty Microcap 250 and 3.1 pts less than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 192Pending

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AI summary

Glance Finance Ltd's board, at its May 15, 2025 meeting, approved four items: (1) audited financial results for Q4 and FY ended March 31, 2025 with an unmodified auditor opinion from M/s. JMT & Associates; (2) re-appointment of Mr. Narendra Laxman Arora as Whole-time Director for another 3-year term from July 1, 2025 to June 30, 2028, subject to shareholder approval; (3) appointment of M/s. M.R. Sharma & Co. as Internal Auditor for FY 2025-26; and (4) appointment of Mr. Shiv Hari Jalan (M/s. Shiv Hari Jalan & Co.) as Secretarial Auditor for a 5-year term from April 1, 2025 to March 31, 2030. On the financial side, FY25 total income rose to about ₹2,584.59 lakhs from ₹2,315.94 lakhs in FY24, while net profit after tax grew to ₹231.53 lakhs from ₹194.08 lakhs, lifting EPS to ₹10.26 from ₹8.60. Total assets stood at ₹5,321.22 lakhs and total equity at ₹4,471.17 lakhs as on March 31, 2025.

Likely market impact

A clean unmodified audit opinion, higher profits and revenue versus last year, and stable governance with a familiar Whole-time Director continuing for another term are mildly positive for shareholders. The new auditor appointments are routine and unlikely to move the stock, though the improved earnings provide a supportive backdrop.