PNB GILTS LTD. has informed the Exchange regarding Appointment of M/s. Pranav Kumar & Associates as Other of the company w.e.f. July 23, 2025.
PNBGILTS · price
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Awaiting price reaction for this filing.
PNB Gilts, a subsidiary of Punjab National Bank, reported a strong Q1 FY26 with net profit nearly tripling to Rs 16,007 lacs from Rs 5,344 lacs in Q1 FY25, driven largely by a sharp rise in net gains on securities (Rs 15,669 lacs vs Rs 3,118 lacs). Total revenue from operations rose to Rs 56,327 lacs and EPS jumped to Rs 8.89 from Rs 2.97. The board also approved the appointment of M/s. Pranav Kumar & Associates as Secretarial Auditor for a 5-year term (FY 2025-26 to 2029-30), subject to shareholder approval. The 29th AGM is scheduled for September 17, 2025, with a record date of September 10, 2025 for the final dividend of FY 2024-25.
The strong Q1 performance, led by trading gains on the securities portfolio, is a positive signal for shareholders and could support the stock price. The record date confirmation suggests a dividend declaration is likely at the upcoming AGM, offering near-term return potential.