Appointment of Statutory Auditor
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VJTF Eduservices Ltd announced the outcome of its board meeting held on 14 August 2025, which included approval of unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended 30 June 2025). On a standalone basis, the company reported total revenue from operations of ₹289.21 lakhs and a profit after tax of ₹220.34 lakhs (EPS of ₹1.25), recovering from a loss of ₹172.69 lakhs in the previous quarter. Consolidated net profit stood at ₹287.94 lakhs with EPS of ₹1.57 and a net worth of ₹11,207.17 lakhs. The board also approved the appointment of M/s. R A N K & Associates as the new Statutory Auditor for five years (FY 2025-26 to FY 2029-30), replacing M/s. Chhajed & Doshi, who resigned. Additionally, M/s. R. S. Rajpurohit & Co. was re-appointed as Secretarial Auditor for five years, and the 40th AGM notice was approved. A continued concern is the ₹1,584.95 lakhs liability toward fee refunds to students, linked to COVID-era disruptions.
The return to profitability after a Q4 FY25 loss is positive for shareholders, though revenue is sharply lower year-on-year. The mid-term change of statutory auditor is a notable governance event that investors should watch, even though the outgoing auditor issued an unmodified review opinion on these very results.