Khandwala Securities Limited has informed the Exchange regarding Board meeting held on August 12, 2025.
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Awaiting price reaction for this filing.
Khandwala Securities' board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations fell sharply to Rs. 114.20 lakhs from Rs. 252.06 lakhs in the same quarter last year, a drop of about 55%. The company swung from a profit of Rs. 47.83 lakhs in Q1 FY25 to a net loss of Rs. 58.58 lakhs, with EPS turning negative at Rs. (0.38) versus Rs. 0.31 a year ago. The fee-based operations segment contributed Rs. 109.57 lakhs in revenue, while investment/stock operations brought in only Rs. 4.63 lakhs. The board also noted the end of the term of statutory auditors M/s. Aniket Kulkarni & Associates and recommended appointing M/s. Pravesh Agarwal & Associates (FRN: 163221W) as the new statutory auditors for five years, from the 32nd AGM to the 37th AGM (year 2030), pending shareholder approval.
Q1 FY26 numbers are weak – the company moved from profit to loss with a steep revenue decline, which is likely to weigh on the stock in the short term. The auditor change is a routine transition pending shareholder approval and is not expected to have a material impact on the share price.