The following decisions were taken- 1. Considered and approved and took on record the Unaudited Financial Results for Quarter ended 30 June 2025. 2.Take on record the Resignation of ....
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Magnanimous Trade & Finance Ltd held a board meeting on August 7, 2025, and approved unaudited standalone financial results for the quarter ended June 30, 2025. The company swung to a profit of Rs. 34.21 lakhs in Q1 FY26 from a loss of Rs. 60.64 lakhs in the same quarter last year. Total income rose sharply to Rs. 56.99 lakhs from Rs. 21.94 lakhs year-on-year, driven mainly by higher interest income and other income. Basic EPS for the quarter stood at Rs. 2.88 versus a negative Rs. 6.37 in Q1 FY25. The board also noted the resignations of CFO Mr. Ankit Poddar and Company Secretary & Compliance Officer Mr. Rakesh Panwar, both effective the same day.
The results show a clear turnaround from loss to profit, which is positive for shareholders. However, the simultaneous exit of both the CFO and the Company Secretary, two key managerial positions, on the same day raises governance and continuity concerns that investors should watch.