Intimation w.r.t. Appointment of SUIT & CO. LLP, Company Secretaries as Secretarial Auditor of the Company.
Awaiting price reaction for this filing.
Poonawalla Fincorp's board approved audited consolidated and standalone results for Q4 and FY ended March 31, 2025. Consolidated total income rose to Rs 4,222.84 crore (from Rs 3,147.33 crore in FY24), but the company swung to a loss after tax of Rs 98.34 crore versus a profit of Rs 1,651.51 crore in FY24, driven mainly by sharply higher impairment on financial instruments at Rs 1,458.17 crore (vs Rs 444.42 crore). Loan book grew strongly to Rs 32,694.96 crore (up ~48% YoY) and total assets climbed to Rs 35,029.94 crore. No dividend was declared for FY25 as the company wants to conserve capital for growth. The 45th AGM is scheduled for July 29, 2025.
Mixed for shareholders: robust 48% loan-book growth signals strong business expansion, but the swing to a net loss — largely on higher provisioning — and the skip on dividend may weigh on near-term sentiment. The expanded ESOP pool (now 3.25 crore options) could create some future dilution, while the routine secretarial auditor appointment is governance-positive but not market-moving.