Re-appointment of Mr. Narendra Arora as wholetime Director of the Company for further term of 3 years w.e.f. 01.07.2025
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Glance Finance Ltd's board, at its May 15, 2025 meeting, approved the re-appointment of Mr. Narendra Laxman Arora as Whole-time Director for another 3-year term starting July 1, 2025, subject to shareholder approval. The board also approved appointing M/s. M.R. Sharma & Co. as Internal Auditor for FY26 and Mr. Shiv Hari Jalan as Secretarial Auditor for five years (April 2025 to March 2030). The audited FY25 results show total income rising to ₹2,564.59 lakhs (from ₹2,315.85 lakhs in FY24) and net profit after tax climbing to ₹231.53 lakhs (from ₹194.08 lakhs), with basic EPS of ₹10.26 versus ₹8.60. The statutory auditor M/s. JMT & Associates issued an unmodified audit opinion.
Routine governance continuity with no leadership change, accompanied by steady earnings growth of roughly 19% in net profit and EPS. Likely neutral to mildly positive for shareholders given improved profitability and a clean audit, though the company remains small with total assets of about ₹53.2 crore.