India Shelter Finance Corporation Limited has informed the Exchange regarding Change in Auditors of the company.
INDIASHLTR · price
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Awaiting price reaction for this filing.
India Shelter Finance Corporation reported strong FY25 results at its May 9, 2025 board meeting, with total income rising about 37% to Rs. 1,17,480 lakhs and profit after tax up roughly 53% to Rs. 37,705 lakhs. Loan book expanded to Rs. 6,85,949 lakhs from Rs. 5,06,240 lakhs, while asset quality stayed healthy with Gross NPA at 0.99% and Net NPA at 0.75%. The board recommended a final dividend of Rs. 5 per share (100% on face value of Rs. 5), subject to shareholder approval. It also approved a new ESOP 2025 covering up to 26.6 lakh stock options, re-appointed MD & CEO Rupinder Singh for another 5 years from November 23, 2025, and appointed a new secretarial auditor for 5 years. The statutory audit was carried out by S.R. Batliboi & Associates LLP, replacing predecessor auditor T.R. Chadha & Co LLP.
Strong profit growth, a healthy loan book expansion, and a 100% dividend signal operational strength and shareholder-friendly intent. CEO continuity and a clean audit opinion should support investor confidence, though the auditor change is worth monitoring for any governance questions.