Appointment of Ms. Puja Mehta as Company Secretary and Compliance Officer.
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Ind Agiv Commerce Ltd's board, at its meeting on May 30, 2025, approved the appointment of Ms. Puja Pratik Mehta (ACS No. A-27456) as Company Secretary and Compliance Officer effective the same day. The board also approved the standalone and consolidated audited financial results for Q4 and FY ended March 31, 2025, with the statutory auditor issuing an unmodified opinion on the results. However, the auditor flagged a qualified observation noting that the company did not account for Rs. 62.13 lakh in delayed interest costs on NBFC loans, which understates liabilities. The company also has delayed statutory dues (TDS, PF, ESIC) and Red Fort Capital Finance has filed recovery suits with the Delhi High Court ordering arbitration.
The CS appointment is routine and improves compliance posture, but the qualified audit observations around undisclosed interest costs (~Rs. 62 lakh), delayed statutory payments, and ongoing NBFC recovery suits signal financial stress that shareholders should monitor closely.