(i) Outcome of board meeting and submission of audited financial results, (ii) Intimation of recommendation of final dividend, (iii) Intimation of appointment of secretarial auditors, (iv) ....
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The board of KIFS Financial Services Ltd (an Ahmedabad-based NBFC) met on May 21, 2025 and approved the audited financial results for Q4 and FY ended March 31, 2025, which carried an unmodified (clean) opinion from statutory auditor M/s. Bimal Shah Associates. The board recommended a final dividend of ₹1.50 per share (15% on the ₹10 face value), subject to shareholder approval at the upcoming AGM. It also appointed M/s. Prachi Bansal & Associates as secretarial auditor for 5 consecutive years (FY26–FY30) and M/s. Parikh Shah & Associates as internal auditor for FY26. Additionally, independent director Mr. Sharvil Bharat Kumar Suthar (DIN: 08785030) was re-appointed for a second 5-year term from June 29, 2025 to June 28, 2030.
A clean audit report and a 15% final dividend signal a stable, profitable year for shareholders, though the dividend remains subject to AGM approval. The auditor appointments and director re-appointment are routine governance actions with no negative governance signals for investors.