Re-appointment of Statutory Auditor
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KJMC Corporate Advisors reported Q1 FY26 (ended June 30, 2025) results: standalone net profit rose to Rs. 44.94 lakhs (from Rs. 36.11 lakhs YoY) on revenue from operations of Rs. 103.52 lakhs, while consolidated net profit inched up to Rs. 70.82 lakhs (from Rs. 69.81 lakhs) on revenue of Rs. 312.37 lakhs. Standalone EPS stood at Rs. 1.14 vs Rs. 0.92 a year ago. The Board re-appointed M/s Batliboi & Purohit as Statutory Auditor for 5 years and appointed M/s Aabid & Co as Secretarial Auditor for 5 years. Mr. Sachin Sondkar was appointed as the new CFO effective August 13, 2025, and Mr. Vijay Joshi was re-appointed as Independent Director for a second 3-year term. The 27th AGM is fixed for September 29, 2025.
Q1 FY26 standalone profit grew ~24% YoY despite slightly lower revenue, showing margin improvement, while consolidated earnings were broadly flat. The appointment of a promoter family member (Whole-time Director Girish Jain's wife) to the board and the exit of another family director raise related-party governance questions worth watching. The new CFO appointment and auditor continuity are routine but provide operational stability.