The Resignation of M/s ARSK & Associates, Statutory Auditors, Chartered Accountants, Mumbai (Registration No. 315082E) as the Statutory Auditors of the Company at the Conclusion of the ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Mkventures Capital's board approved standalone and consolidated unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone profit after tax stood at Rs. 424.47 lakhs on total income of Rs. 649.17 lakhs, compared to Rs. 514.45 lakhs profit on Rs. 809.66 lakhs income in Q1 FY25. EPS came in at Rs. 11.04 versus Rs. 13.04 last year. Statutory auditor ARSK & Associates is exiting after completing its full 3-year term at the 34th AGM, as required under RBI guidelines for NBFCs. S K Patodia & Associates LLP has been appointed as the new statutory auditor for a fresh 3-year term (34th to 37th AGM), subject to shareholder approval. The board also recommended a final dividend of Rs. 0.25 per share (face value Rs. 10) for FY25, payable within 30 days of AGM approval. The 34th AGM is scheduled for September 25, 2025.
The auditor change is a routine, regulator-mandated rotation and not a governance red flag. Q1 earnings are mildly weaker year-on-year but the company remains profitable with a strong capital adequacy ratio (Tier I CRAR of 91.64%). The modest final dividend is supportive. Overall neutral-to-mildly positive for shareholders.