Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
KJMC Financial Services, an NBFC, reported strong Q1 FY26 results with total income rising to ₹220.88 lakh (vs ₹161.80 lakh YoY) and profit after tax more than doubling to ₹107.83 lakh (vs ₹52.31 lakh YoY). Income from shares and securities trading jumped to ₹180.56 lakh from ₹133.86 lakh last year, driving the growth. The board also appointed Mr. Kartik Konar as the new CFO and proposed raising funds via Non-Convertible Debentures on a private placement basis, subject to shareholder approval. M/s V.P. Thacker & Co. has been appointed as the new Statutory Auditor for a 5-year term (replacing the current auditor) effective from the 37th AGM, alongside M/s Aabid & Co. as Secretarial Auditor. Mr. Vijay Joshi was re-appointed as an Independent Director for a second 3-year term, and the 37th AGM is scheduled for September 25, 2025.
Sharply higher profits and rising trading income are positive signals for shareholders, though the scale remains small. The change in statutory auditor and proposed NCD fundraising are noteworthy corporate actions to monitor.