Minolta Finance Ltd — Board Meeting, 31-05-2025: Board Meeting
31-05-2025 | 04:57 pm
31-05-2025 | 04:57 pm
Minolta Finance Limited has announced a board meeting on the financial results for the quarter and half-year. The Board approved the audited financial statements for the year ended March 31, 2025, which reported a net profit of ₹1.22 lakh for the year versus ₹5.16 lakh last year. Revenue rose to ₹101.88 lakh from ₹76.11 lakh, while total expenses increased to ₹100.40 lakh from ₹69.14 lakh. Loans on the balance sheet surged to ₹5,804.50 lakh from ₹1,122.11 lakh, reflecting significant growth in financing activities. The Board also appointed M/s Amruta Giradkar & Associates as Secretarial Auditor for five years and Mrs. Shefali Gupta as Company Secretary, strengthening compliance and governance functions.
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