Onesource Industries & Ventures , a company listed on the Bombay Stock Exchange (BSE: 530805), has reported robust financial performance for the first quarter, while simultaneously announcing the resignation of its statutory auditors.

Strong Financial Performance

The company's unaudited financial results for the quarter reveal a significant improvement in its financial position:

Onesource Industries has demonstrated remarkable growth, with its revenue from operations soaring by 366.1% year-over-year to ₹201.78 crore. The company's net profit saw an even more impressive increase, jumping by 786.5% to ₹9.84 crore compared to the same quarter last year.

Auditor Resignation

In a separate development, the company announced the resignation of its statutory auditors, M/s S V J K and Associates, Chartered Accountants. The auditors cited a busy schedule and heavy workload as reasons for their departure. They were initially appointed at the 29th Annual General Meeting held on September 30, 2023, and were scheduled to serve until the 34th Annual General Meeting in 2028.

The company's board of directors accepted the auditors' resignation during a meeting held on August 12. Onesource Industries emphasized that the resignation was amicable and reached through mutual understanding. The outgoing auditors have assured full cooperation for a seamless transition and confirmed that there were no other material reasons for their resignation beyond those stated.

Management's Response

Commenting on these developments, the company stated, "We are in the process of appointing a new Statutory Auditor, and an official announcement in this regard will be made in due course. Ensuring the integrity, transparency, and stability of our financial reporting processes remains our highest priority."

The company also expressed gratitude to M/s S V J K and Associates for their services and support during their tenure.

Looking Ahead

Despite the change in auditors, Onesource Industries appears to be on a strong growth trajectory, as evidenced by its impressive first-quarter results. The company's ability to maintain this momentum and successfully transition to new auditors will be key factors for investors to watch in the coming months.

The company's shares are listed on the BSE under the scrip code 530805. Investors and stakeholders are advised to monitor further announcements from the company regarding the appointment of new statutory auditors and future financial performance.

Onesource Industries & Ventures Limited announced significant leadership changes effective July 23, 2025. Mr. Vibhu Maurya has resigned from his dual roles as Managing Director and Chief Financial Officer, citing personal reasons and other pre-occupations.

New Appointments

The company has appointed Mr. Shibhu Maurya, brother of the outgoing Managing Director, as the new Managing Director for a five-year term ending July 22, 2030, subject to shareholder approval. Mr. Ronik Sharma has been appointed as the new Chief Financial Officer.

Profiles of New Leaders

Mr. Shibhu Maurya - Managing Director

• Holds a B.A. LLB degree
• Practicing advocate since 2021
• Specializes in corporate law and dispute resolution

Mr. Ronik Sharma - Chief Financial Officer

• Over 10 years of financial experience
• Previously worked as a senior Audit Officer at Fusion Micro Finance Company
• Expertise in financial management and auditing

Audit Committee Reconstitution

Following these management changes, the company has reconstituted its Audit Committee:

• Chairman: Mr. Atul Chauhan
• Members: Mr. Shibhu Maurya and Mr. Rahul Lalwani

Corporate Disclosure

In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Onesource Industries & Ventures Limited promptly informed the BSE about these developments.

About Onesource Industries & Ventures Limited

• Headquarters: 35 Block-C Mansarovar Complex, Bhopal, Madhya Pradesh
• CIN: L46201MP1994PLC076682

These significant leadership changes come at a crucial time for the company. Stakeholders and market observers will be keenly watching how Onesource Industries & Ventures Limited navigates this transition and its potential impact on the company's future strategies and operations.