Khandwala Securities Limited — Board Meeting, 16-05-2025: Outcome of Board Meeting

Khandwala Securities has announced a board meeting approving the consolidated financial results for the quarter and year ending March 31, 2025. Revenue rose sharply to Rs 15.13 Cr from Rs 8.7 Cr last year, led by fee-based operations. Despite the growth, profit was modest at Rs 22.46 lakh amid ongoing challenges. The board flagged audit concerns over Rs 2.17 Cr in long-outstanding share application money and Rs 3.5 Cr in long-term deposits under legal review. New internal and secretarial auditors were appointed for five years, and continuation of MD Paresh Khandwala beyond 70 years has been proposed.