Outcome of Board Meeting, Appointment of Secretarial Auditor and Internal Auditor
Awaiting price reaction for this filing.
Aagam Capital's board met on May 29, 2025 and approved the audited financial results for Q4 and FY ended March 31, 2025, with the statutory auditor issuing an unmodified opinion. Total income for FY25 stood at Rs 3.21 lakh against Rs 3.83 lakh last year, while profit for the period was Rs 10.71 lakh. The board appointed M/s Suprabhat & Co. as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval, and M/s Abhishek R Jain & Co. as Internal Auditor for FY 2025-26. No dividend was recommended for FY25. Total assets were nearly flat at Rs 196.93 lakh, but borrowings nearly doubled year-on-year to Rs 28.25 lakh, while other equity remained deeply negative at Rs (354.51) lakh, indicating significant accumulated losses.
Routine governance update — auditor appointments are standard compliance actions, and the financials confirm the company remains a very small NBFC with rising debt and persistent accumulated losses, which is a concern for shareholders but nothing new was triggered by this meeting.