Appointment of internal auditors of the company
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Awaiting price reaction for this filing.
KIFS Financial Services' board, which met on May 21, 2025, approved the audited financial results for Q4 and FY ended March 31, 2025, with the statutory auditor issuing an unmodified (clean) opinion. The board also recommended a final dividend of ₹1.50 per equity share (15% on the ₹10 face value) for FY25, subject to shareholder approval at the upcoming AGM. M/s Parikh Shah & Associates, a practising chartered accountant firm based in Ahmedabad with 20+ years of experience, was appointed as internal auditor for FY 2025-26. Additionally, M/s Prachi Bansal and Associates was appointed as secretarial auditor for a five-year term, and Mr. Sharvil Bharat Kumar Suthar was re-appointed as independent director for a second term of five years.
The clean (unmodified) audit opinion and dividend declaration are positive signals for shareholders, indicating sound financials and shareholder returns. The internal auditor appointment is a routine annual governance measure and is unlikely to affect the stock price on its own.