The Board at their Meeting held on 30.05.2025 recommended to shareholders, the appointment of Secretarial Auditors for a term of five years. the relevant disclosure is attached
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MKVentures Capital Limited, an NBFC based in Mumbai, announced audited financial results for Q4 FY25 and full year FY25 along with key auditor appointments at its May 30, 2025 board meeting. For FY25, standalone total income fell to Rs 2,752 lakhs from Rs 4,140 lakhs in FY24, while profit after tax dropped to Rs 938 lakhs from Rs 2,108 lakhs. Q4 FY25 swung to a loss of Rs 535 lakhs (vs profit of Rs 587 lakhs in Q4 FY24), driven by a Rs 857 lakh impairment on financial instruments. Total assets stood at Rs 12,244 lakhs with a strong Capital to Risk-Weighted Assets Ratio (CRAR) of 83.55%. The board also appointed M/s Shruti Somani as Secretarial Auditors for 5 years (FY26–FY30) and M/s Mahesh Chandra & Associates as Internal Auditors for FY26.
The sharp decline in profits and Q4 loss due to significant loan impairments is a negative signal for shareholders, though the company's capital adequacy remains very strong. The auditor appointments are routine and pending shareholder approval at the AGM.