Ganges Securities Limited — Board Meeting, 14-05-2025: Outcome of Board Meeting

Ganges Securities has announced a board meeting to approve the financial results for the quarter and half-year. The company reported a consolidated net profit of ₹5.06 per share for FY25, up from ₹3.48 in FY24, on revenues of ₹37.98 Cr versus ₹34.82 Cr last year. The investing segment showed strong recovery, while the tea business posted losses due to a ₹1.82 Cr misappropriation by a former CFO of its subsidiary, Cinnatolliah Tea Ltd, leading to ₹1.02 Cr in exceptional expenses. No dividend has been announced. New appointments include M/s M R & Associates as secretarial auditors for five years and M/s M Parasrampuria & Co. as internal auditors for FY26.