Re-appointment of M/s. Sanjay Raja Jain as an Internal Auditor of the Company for the financial year ended 2025-2026
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KJMC Financial Services (NBFC) announced audited standalone and consolidated results for Q4 and FY ended March 31, 2025 at its May 28, 2025 board meeting. Standalone total income grew ~11% YoY to Rs. 522.41 lakhs, but profit after tax fell ~10% to Rs. 81.23 lakhs (EPS Rs. 1.70 vs Rs. 1.89). Consolidated PAT was nearly flat at Rs. 84.85 lakhs. Total assets jumped to Rs. 16,468.52 lakhs (standalone) driven mainly by investments growing to Rs. 16,094.37 lakhs, with other equity rising to Rs. 13,486.81 lakhs largely due to fair value gains on equity instruments (OCI). Statutory auditor Batliboi & Purohit issued an unmodified opinion on both standalone and consolidated results, though the consolidated report noted concerns around unsecured loans to group companies without formal agreements, unrecovered penal charges, and interest recovery on related-party inter-corporate deposits. The board also re-appointed M/s Sanjay Raja Jain & Co as Internal Auditor for FY26 and reconstituted the Audit and Stakeholders Relationship Committees.
Results are mixed – topline growth is modest while bottomline slipped, but a clean audit opinion and a strong investment-led balance sheet keep fundamentals stable for shareholders. The auditor's observations on related-party deposits and weak documentation are minor governance flags worth monitoring but did not affect the audit opinion.