SMC Credits Ltd — Board Meeting, 13-08-2025: Board Meeting

SMC Credits' board approved the financial results for the first quarter, reporting a net profit of Rs 22.07 Cr and total income of Rs 26.13 Cr. The company also appointed M/s. Kumar Ashwani & Associates as its new Statutory Auditor for three years, pending shareholder consent. The annual report for FY24-25 was approved, and notice for the upcoming Annual General Meeting was issued. Additionally, the company confirmed that funds raised from its Rs 15.03 Cr rights issue have been utilized as planned, with no significant deviation.