On the Recommendation of Audit Committee, the Board has approved the Appointment of M/s S K Patodia & Associates LLP (Firm Registration No. 112723W/W100962) as Statutory Auditors of the ....
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MK Ventures Capital's board approved standalone Q1 FY26 results showing profit after tax of Rs. 424.47 lakhs, down from Rs. 514.45 lakhs a year ago, on total income of Rs. 649.17 lakhs. EPS stood at Rs. 11.04 versus Rs. 13.39 in the same quarter last year. The board accepted the end of the 3-year term of statutory auditor ARSK & Associates (completing tenure per RBI guidelines) and appointed S K Patodia & Associates LLP as the new statutory auditor for another 3-year term. A final dividend of Rs. 0.25 per share on a face value of Rs. 10 was recommended for FY25. The 34th AGM is scheduled for September 25, 2025. Capital to risk-weighted assets ratio remained healthy at 91.93%.
This is a routine auditor rotation at term-end rather than a midterm exit, so it carries no governance red flag. The small final dividend (2.5% on face value) is modest. Q1 profit declined year-on-year but rebounded from a Q4 FY25 loss caused by a one-time Rs. 857 lakh impairment, and the company's strong capital adequacy ratio signals financial stability for shareholders.