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Awaiting price reaction for this filing.
MKVentures Capital Ltd (an NBFC) announced the outcome of its board meeting held on May 30, 2025. The board approved audited financial results for Q4 and FY ended March 31, 2025, on both standalone and consolidated basis. Standalone FY25 total income fell sharply to Rs 2,752.07 lakhs from Rs 4,139.79 lakhs in FY24, while profit after tax dropped to Rs 937.70 lakhs from Rs 2,108.20 lakhs. Q4 FY25 slipped into a loss of Rs 534.84 lakhs at the standalone level, mainly due to a one-time impairment on financial instruments of Rs 857.13 lakhs. The board also appointed M/s. Shruti Somani as Secretarial Auditors for five years (FY26–FY30) and M/s. Mahesh Chandra & Associates as Internal Auditors for FY26. Total equity stood at Rs 10,261.72 lakhs (standalone) with a healthy CRAR of 83.55%.
Short-term negative sentiment is likely due to the sharp decline in full-year profits and a Q4 standalone loss driven by a large impairment charge, though the company's capital adequacy remains strong. The auditor appointments are routine and unlikely to move the stock.