Appointment of Secretarial Auditor
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MKVentures Capital Limited, a Non-Banking Financial Company (NBFC), held its board meeting on May 30, 2025, and approved audited financial results for Q4 and FY ended March 31, 2025, with an unmodified opinion from the statutory auditor ARSK & Associates. Standalone FY25 profit after tax fell sharply to Rs. 937.70 lakhs from Rs. 2,108.20 lakhs in FY24, while total income declined to Rs. 2,752.07 lakhs from Rs. 4,139.79 lakhs. Q4 FY25 standalone results swung to a loss of Rs. 534.84 lakhs mainly due to a Rs. 857.13 lakh impairment on financial instruments. The board also appointed M/s. Shruti Somani, Practicing Company Secretaries, as Secretarial Auditors for 5 years (FY2025-26 to FY2029-30), subject to shareholder approval, and M/s. Mahesh Chandra & Associates as Internal Auditors for FY2025-26.
Sharp decline in FY25 profitability and Q4 loss driven by impairment charges are negative signals for shareholders, though the strong capital position (CRAR of 83.55%) and unchanged auditor appointments indicate continuity. The auditor appointments are routine governance actions requiring member approval.