Appointment of Secretarial
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Awaiting price reaction for this filing.
VJTF Eduservices reported a sharp decline in Q1 FY26 (quarter ended June 30, 2025) earnings versus the year-ago quarter. Standalone total revenue from operations fell to Rs. 289.21 lakhs from Rs. 1,606.12 lakhs in Q1 FY25, while profit after tax dropped to Rs. 220.34 lakhs from Rs. 861.18 lakhs. Consolidated PAT was Rs. 287.94 lakhs with EPS of Rs. 1.57. The company continues to carry a Covid-era liability of Rs. 1,584.95 lakhs as fees refundable to students. The Board approved a change of statutory auditor: M/s. Chhajed & Doshi resigned and M/s. R A N K & Associates was appointed for a five-year term starting FY 2025-26, subject to shareholder approval. M/s. R.S. Rajpurohit & Co. was also re-appointed as Secretarial Auditor for five years. Additionally, the Board cleared the FY24-25 Board Report, Secretarial Audit Report, AGM notice, scrutinizer appointment, and closure of the register of members ahead of the 40th AGM.
Sharp year-on-year drop in revenue and profit is a negative signal for near-term earnings momentum, though the company remains debt-light and profitable on a net basis. The mid-term statutory auditor change warrants a watch for any governance or reporting concerns; shareholders should seek clarity at the upcoming AGM.