Corrigendum to the Outcome of Board Meeting held on May 25, 2026.
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Smart Finsec Ltd has filed a corrigendum to its May 25, 2026 board meeting outcome, correcting an earlier filing that was left unsigned. The board meeting approved the audited standalone financial results for FY ended March 31, 2026, showing Total Income of Rs. 196.72 Lakhs (down 16.9% from Rs. 236.77 Lakhs in FY25), Net Profit of Rs. 97.67 Lakhs (down 16.8% from Rs. 117.39 Lakhs), and EPS of Rs. 0.33 (down from Rs. 0.39). Cash and cash equivalents declined significantly to Rs. 26.24 Lakhs from Rs. 92.20 Lakhs. The auditors issued an unmodified (clean) opinion. The board also re-appointed PK Mishra & Associates as Secretarial Auditor and Sapra Associates as Internal Auditor for FY 2026-27.
The stock may see muted reaction as the company reported lower profits year-on-year with significantly reduced cash reserves. However, the clean audit opinion provides some comfort to investors regarding financial reporting quality.