Reappointment of independent director approved by board of directors, subject to further approval of members of the company
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KIFS Financial Services' board met on May 21, 2025 and approved audited financial results for Q4 and FY ended March 31, 2025, with the statutory auditor issuing an unmodified (clean) opinion. The board recommended a final dividend of Rs. 1.50 per share (15% on face value of Rs. 10), subject to shareholder approval at the upcoming AGM. M/s. Prachi Bansal and Associates was appointed as secretarial auditor for 5 consecutive years, and M/s Parikh Shah & Associates was named internal auditor for FY26. Independent director Mr. Sharvil Bharat Kumar Suthar (DIN: 08785030) was reappointed for a second 5-year term from June 29, 2025 to June 28, 2030, subject to member approval.
This is a routine annual governance update — clean audit opinion, a modest dividend, fresh auditor appointments, and continuity on the board are positive but not material catalysts. Investors should watch the actual FY25 numbers in the attached results for any meaningful business signal.