Easy Fincorp Limited has reported its financial results for the first quarter ended June 30, 2025, along with significant changes to its board composition.

Financial Performance

The company reported a net loss of Rs 4.19 lakhs for Q1 FY2025-26, compared to a loss of Rs 3.79 lakhs in the corresponding quarter of the previous year. Total income increased marginally to Rs 2.37 lakhs from Rs 2.11 lakhs year-over-year. However, total expenses rose to Rs 7.55 lakhs from Rs 6.81 lakhs in the same period last year.

The company's earnings per share stood at negative Rs 1.71 for the quarter.

Board Changes

Easy Fincorp announced two significant changes to its board of directors:

1. Resignation: Ms. Jostna Shrestha has stepped down from her position as Non-Executive Non-Independent Director, effective August 5, 2025. Ms. Shrestha cited personal reasons and other pre-occupations for her resignation.

2. New Appointment: The board has appointed Ms. Bhawna Agarwal as a Non-Executive Additional Director, subject to shareholder approval at the upcoming general meeting. Ms. Agarwal brings over 10 years of experience in secretarial and corporate affairs to the role. She is a qualified Company Secretary and Law graduate, with expertise in corporate laws, statutory compliances, and governance matters.

Management Commentary

Mr. Rajendra Dey, Director of Easy Fincorp Limited, commented on the results, stating, "While we continue to face challenges, we are focused on improving our financial performance and strengthening our board with the addition of Ms. Agarwal's expertise."

Looking Ahead

Easy Fincorp Limited faces ongoing financial pressures, as evidenced by the increased quarterly loss. The company will need to address its rising expenses and explore avenues for revenue growth in the coming quarters. The recent board changes may bring fresh perspectives to help navigate these challenges.

Investors and stakeholders will be watching closely to see how the new board composition and any resulting strategic shifts might impact the company's future performance.

Easy Fincorp Limited, a Kolkata-based financial services company, has reported a net loss for the first quarter, alongside significant changes to its board of directors.

Financial Performance

For the quarter ended June 30, Easy Fincorp reported a net loss of Rs 4.19 lakhs, compared to a loss of Rs 3.79 lakhs in the same period last year. The company's total income increased marginally to Rs 2.37 lakhs from Rs 2.11 lakhs year-over-year. However, total expenses rose to Rs 7.55 lakhs from Rs 6.81 lakhs in the corresponding quarter of the previous year.

The financial results, which were approved by the company's Board of Directors on August 5, reveal the following key figures:

The company's earnings per share (EPS) stood at negative Rs 1.71 for the quarter, compared to negative Rs 1.55 in the same quarter of the previous year.

Board Changes

Easy Fincorp announced changes to its board composition:

1. Resignation: Ms. Jostna Shrestha (DIN: 07143678) has resigned from her position as Non-Executive Director, effective August 5. Ms. Shrestha cited personal reasons and other preoccupations as the cause for her departure.

2. New Appointment: The Board of Directors, on the recommendation of the Nomination and Remuneration Committee, has appointed Ms. Bhawna Agarwal (DIN: 11208255) as a Non-Executive Additional Director. Ms. Agarwal's appointment is subject to shareholder approval at the upcoming General Meeting.

Ms. Agarwal brings over 10 years of experience in secretarial and corporate affairs to the board. She is a qualified Company Secretary and Law graduate, with expertise in corporate laws, statutory compliances, regulatory filings, and governance matters.

Additional Information

The company's financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors. Mr. Rajendra Dey, Director (DIN: 07011234), was authorized to sign the financial results.

Easy Fincorp Limited's shares are listed on the BSE (Scrip Code: 511074). The full format of the financial results is available on the BSE website ( www.bseindia.com ) and the company's website ( www.easyfincorp.com ).

Investors and stakeholders are advised to review the detailed financial statements and notes for a comprehensive understanding of the company's performance and position.