Appointment of Secretarial Auditors for first term of five consecutive years and Re-appointment of Internal Auditors for FY 2025-26.
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Kamanwala Housing Construction's board met on May 30, 2025 and approved its audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, alongside several governance changes. M/s. Devesh Mehta & Associates was appointed as Secretarial Auditor for a first term of five years (FY 2025-26 to FY 2029-30), and Mr. Sunil Karandikar was re-appointed as Internal Auditor for FY 2025-26. Managing Director Mr. Atul Jain was re-appointed for another five years starting June 1, 2025, and two Independent Directors — Mr. Sandipkumar Andhariya and Mr. Shivam Maniyar — were re-appointed for five years from September 14, 2025. The company swung to a standalone net profit of Rs. 4,553.27 lakhs in FY25 from a loss of Rs. 230.61 lakhs in FY24, with total revenue rising sharply to Rs. 6,781.98 lakhs, mainly driven by Rs. 5,640.88 lakhs in other income (including a Rs. 5,284.75 lakh profit on sale of assets) and EPS jumping to Rs. 32.31. The auditor issued a qualified opinion for the fourth consecutive year over Rs. 2.12 crore of unconfirmed interest receivable balances. AGM is scheduled for August 30, 2025.
The dramatic profit recovery is largely asset-sale driven rather than from core real estate operations, so shareholders should treat the headline number with caution. The recurring audit qualification on unconfirmed receivables is a minor governance flag, though management continuity is preserved with re-appointments of the MD and auditors.