Revised outcome of Board Meeting dated 30th May, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Inter Globe Finance Ltd's Board of Directors approved the Standalone Audited Financial Results for the financial year ended 31st March, 2025 during a meeting on May 30, 2025. The Statutory Auditors issued an unmodified (clean) opinion on the audited results, indicating no qualifications or adverse remarks. The Board decided not to recommend any dividend, stating the intent to conserve funds for future business activities. Additionally, the Board approved the appointment of M/s. Ramesh Chandra Mishra & Associates as Secretarial Auditor for a period of five consecutive years from FY 2025-26 to FY 2029-30, subject to shareholder approval at the upcoming AGM. The appointment is made to comply with the Companies Act, 2013 and SEBI Listing Regulations.
Shareholders will not receive any dividend for FY25 as the company prioritizes capital conservation for future growth, which may be viewed neutrally to slightly negatively by income-seeking investors. The clean audit opinion is a positive governance signal, and the structured secretarial auditor appointment supports regulatory compliance continuity.