Re-appointment of M/s Divatia and Mehta, Chartered accountants, as Internal Auditor of the Company for the financial year 2025-26
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jetking Infotrain's board approved audited standalone and consolidated results for Q4 and FY ending March 31, 2025, with statutory auditors M/s PYS & Co. LLP issuing an unmodified opinion. For FY25, the company swung to a net profit of Rs 342.69 lakhs from a loss of Rs 309.26 lakhs in FY24, while total income rose to Rs 2,816.24 lakhs from Rs 2,094.45 lakhs. However, Q4 FY25 alone posted a loss of Rs 129.85 lakhs, with a sharp jump in other expenses to Rs 304.64 lakhs. The board also re-appointed M/s Divatia and Mehta as internal auditor for FY26 and allotted 3,96,156 equity shares at Rs 154 each on a preferential basis, raising about Rs 6.10 crore, with proceeds earmarked mostly (60%) for acquiring virtual digital assets (cryptocurrency).
The FY25 turnaround was significantly aided by a one-time Rs 417.80 lakhs from keyman insurance surrender value, and the weak Q4 performance signals underlying pressure on operations. The preferential issue will dilute existing shareholders by roughly 6.7% and is heavily tilted toward crypto-asset acquisition, which is an unusual and risky use of funds that investors should monitor closely.