Swastik Safe Deposit & Investments has reported its financial results for the first quarter ended June 30, 2025, revealing a mixed performance amidst significant corporate changes.

Financial Performance

Swastik Safe Deposit & Investments reported a profit after tax of Rs 15.44 crore for Q1 2025, marking a 33.4% decrease from Rs 23.18 crore in the same quarter last year. Despite the profit decline, the company's revenue from operations increased to Rs 25.35 crore, up 23.2% from Rs 20.58 crore year-over-year.

The company's financial results for Q1 2025 are summarized in the table below:

The company's earnings per share (EPS) stood at Rs 6.43 for the quarter, down from Rs 9.66 in the corresponding quarter of the previous year.

Corporate Changes

In a significant development, Mr. Jitesh Agarwal has resigned as the Company Secretary and Compliance Officer of Swastik Safe Deposit & Investments, effective July 31, 2025. Mr. Agarwal cited personal reasons for his departure in his resignation letter submitted to the Board of Directors.

RBI Certificate Cancellation

The company disclosed that the Reserve Bank of India (RBI) has cancelled Swastik Safe Deposit & Investments' Certificate of Registration (CoR) on July 24, 2025. This cancellation follows a voluntary application filed by the company on April 30, 2025, for the cancellation of its CoR.

Board Meeting Outcomes

The Board of Directors of Swastik Safe Deposit & Investments, in their meeting held on July 31, 2025, approved the unaudited financial results for the quarter ended June 30, 2025. The results have been subjected to a limited review by the company's statutory auditors.

Mr. Sunil Adukia, Non-Executive Director of the company, has been authorized to sign the financial results.

Swastik Safe Deposit & Investments continues to operate exclusively in the "Investment" business segment, as per the company's statement in accordance with Ind AS 108 "Segment Reporting."

Investors and stakeholders are advised to monitor further announcements from the company regarding the implications of the RBI's cancellation of the Certificate of Registration and any potential changes in the company's business operations.

Swastik Safe Deposit & Investments Limited has reported its financial results for the quarter ended June 30, 2025, along with several significant corporate developments.

Financial Performance

The company announced a profit after tax of Rs 15.44 lakhs for the quarter ended June 30, 2025, showing a decrease from Rs 23.18 lakhs in the same quarter of the previous year. Despite the decline in profit, the company's revenue from operations increased to Rs 25.35 lakhs, up from Rs 20.58 lakhs year-over-year, indicating a growth in business activities.

The financial highlights for the quarter are as follows:

The company's earnings per share (EPS) stood at Rs 6.43 for the quarter, compared to Rs 9.66 in the same period last year.

Corporate Developments

Management Changes

Mr. Jitesh Agarwal has resigned from his position as Company Secretary and Compliance Officer, effective July 31, 2025. The resignation, attributed to personal reasons, was accepted by the Board of Directors during their meeting held on the same day.

Regulatory Updates

In a significant development, the Reserve Bank of India (RBI) has cancelled the Certificate of Registration (CoR) of Swastik Safe Deposit & Investments Limited. This cancellation comes in response to the company's voluntary application filed on April 30, 2025. The RBI issued the cancellation order on July 24, 2025.

Board Meeting Outcomes

The Board of Directors convened on July 31, 2025, to review and approve the unaudited financial results for the quarter ended June 30, 2025. The meeting, which commenced at 3:40 p.m. and concluded at 4:10 p.m., also addressed the resignation of Mr. Jitesh Agarwal and other corporate matters.

The company has assured that all relevant information, including the financial results and corporate announcements, is available on its official website and the stock exchange website for investors and stakeholders.

As Swastik Safe Deposit & Investments Limited navigates through these changes, including the cancellation of its RBI registration and management restructuring, investors and market watchers will be keen to observe how these developments impact the company's future operations and financial performance.