Appointment of Secretarial Auditor, Internal Auditor and Resignation of Internal Auditor.
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Optimus Finance's board met on August 13, 2025 and approved its Q1 FY26 (ended June 30, 2025) unaudited financial results. On a standalone basis, total income came in at Rs. 32.29 lakhs with a profit after tax of Rs. 10.06 lakhs, down from Rs. 15.75 lakhs in Q1 FY25. On a consolidated basis, total income was Rs. 568.50 lakhs and PAT rose to Rs. 242.43 lakhs from Rs. 228.34 lakhs a year ago, driven mainly by the oil trading and manufacturing subsidiary segment. The board also approved a proposal to convert loans into equity shares under Section 62(3), pending shareholder approval. Additionally, Mr. Kamal A Lalani was appointed as Secretarial Auditor for a 5-year term (FY25-26 to FY29-30), M/s. Ajit Tushar & Co. was appointed as the new Internal Auditor for 3 years, and M/s. DVG & Associates resigned as Internal Auditor citing disagreement over fees.
Loan-to-equity conversion could dilute existing shareholders if approved at the AGM. The auditor change is a routine governance matter, though the fee-related resignation is worth noting. Q1 consolidated earnings show modest growth, while standalone performance weakened year-on-year.