Appointment of Secretarial Auditor
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United Credit Ltd's board, at its May 28, 2025 meeting, approved the appointment of Mr. Sumantra Sinha, Practicing Company Secretary, as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30), pending shareholder approval at the next AGM. The board also approved audited FY25 results: total revenue from operations stood at Rs 343.60 lakhs (vs Rs 339.56 lakhs last year), profit after tax declined to Rs 163.56 lakhs (vs Rs 207.68 lakhs), and EPS dropped to Rs 1.90 (vs Rs 3.07). No dividend was recommended for the year. Statutory auditor L. B. Jha & Co. issued an unmodified opinion on the results. Separately, the board approved voluntary delisting of equity shares from the Calcutta Stock Exchange (CSE).
The declining profitability (PAT down ~21% YoY) and absence of a dividend are mildly negative signals for shareholders, while the voluntary delisting from CSE (a less-traded regional exchange) is largely administrative and unlikely to affect liquidity on BSE where the stock is primarily listed.