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MKVentures Capital Limited (an NBFC) held a board meeting on May 30, 2025, and approved its audited financial results for Q4 and FY ended March 31, 2025, along with the appointment of new auditors. Statutory auditors ARSK & Associates issued an unmodified (clean) opinion. The company appointed M/s. Mahesh Chandra & Associates as Internal Auditors for FY 2025-26 and M/s. Shruti Somani, Practicing Company Secretaries, as Secretarial Auditors for a 5-year term (FY 2025-26 to 2029-30), subject to shareholder approval. Financially, standalone total income fell to Rs. 2,752.07 lakhs (from Rs. 4,139.79 lakhs in FY24, down ~33.5%) and profit after tax dropped sharply to Rs. 937.70 lakhs (from Rs. 2,108.20 lakhs, down ~55.5%). Q4 FY25 swung to a loss of Rs. 534.84 lakhs versus a profit of Rs. 586.71 lakhs in Q4 FY24, driven primarily by a one-time Rs. 857.13 lakhs impairment on financial instruments. On a positive note, capital adequacy remained strong with CRAR at 83.55%, and other equity grew to Rs. 9,877.38 lakhs (from Rs. 8,976.03 lakhs). The trading window re-opens from June 2, 2025.
Shareholders should note the sharp decline in FY25 earnings and the Q4 loss caused by a large impairment charge, even though the underlying loan book and capital position remain healthy. The clean audit opinion and new auditor appointments signal governance continuity rather than disruption. Short-term sentiment may be negative due to the weaker numbers, but the strong CRAR and growing equity base provide a buffer.