Audited financial results of the Company, re-appointment of M/s. R. Bhaskaran & Associates as the Internal Auditor , approved the draft Notice of the Postal Ballot
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The Board of Kreon Finnancial Services Ltd held its 1st meeting for FY 2025-26 on May 16, 2025 and approved the audited financial results for Q4 and FY ending March 31, 2025, audited by statutory auditor M/s. Darpan & Associates. The Board also approved a proposal to apply for a Payment Aggregator (PA) and Prepaid Payment Instrument (PPI) license, signalling an expansion into digital payments. Re-appointments were cleared for Secretarial Auditor (Lakshmmi Subramanian & Associates) and Internal Auditor (R. Bhaskaran & Associates), both for 5 years. A postal ballot notice was approved for re-appointing two Independent Directors (Mrs. Rajashree Santhanam and Mrs. Muthusamy Menaka) for another 5-year term starting April 1, 2025. The detailed financial results and postal ballot notice will be filed separately.
Shareholders should note the company's move into the payments business (PA/PPI license), which could open a new revenue stream but also carries regulatory and execution risk. The audited results and postal ballot for Independent Director re-appointments are routine governance items with no immediate material impact on the stock price.