Change in Secretarial Auditor and Re-appointment of Internal Auditor
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Awaiting price reaction for this filing.
The board met on May 15, 2025 and approved the annual audited financial results for Q4 and FY ended March 31, 2025. Statutory auditor M/s. B.L. Dasharda & Associates issued an unmodified (clean) opinion. The company also appointed M/s. Aabid & Co. as its new Secretarial Auditor for a 5-year term (FY2025-26 to FY2030), subject to shareholder approval. M/s. M.R.V. & Associates was re-appointed as Internal Auditor for FY2025-26. Financially, the company swung to a loss — total income fell to ₹164.71 lakh (from ₹203.79 lakh), posting a net loss of ₹17.07 lakh for FY25 versus a profit of ₹30.33 lakh last year. EPS turned negative at ₹(1.19). The company is an NBFC with net worth under ₹250 crore and operates as a post-demerger entity.
The clean audit opinion is a positive governance signal, but the swing from profit to loss and declining revenue may concern shareholders. Routine auditor appointments are unlikely to move the stock; focus will be on the weak FY25 earnings.