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

Khandwala Securities reported consolidated revenue of Rs. 15.13 Cr for the quarter and year, up from Rs. 8.70 Cr last year. Profit before tax rose slightly to Rs. 0.22 Cr, but a net loss of Rs. 0.80 Cr was booked due to higher tax expenses, reversing last year’s net profit of Rs. 0.17 Cr. The board has approved extending Managing Director Paresh Khandwala’s term, subject to shareholder nod. New internal and secretarial auditors were appointed, pending approval. Legal cases continue over outstanding application money of Rs. 2.17 Cr and deposits of Rs. 3.5 Cr.