Asit C Mehta Financial Services Appoints Ankit Kumar Jain as Company Secretary and Compliance Officer

2 min read     Updated on 13 Jan 2026, 07:04 PM
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Overview

Asit C Mehta Financial Services Limited appointed Mr. Ankit Kumar Jain as Company Secretary and Compliance Officer effective January 13, 2026, following board approval. Mr. Jain, an ICSI Associate Member with over eight years of experience in corporate governance and regulatory compliance, brings expertise in Companies Act 2013 and SEBI Regulations. The appointment was made in compliance with SEBI Listing Regulations and strengthens the company's governance framework.

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Asit C Mehta Financial Services Limited has announced a key leadership appointment, naming Mr. Ankit Kumar Jain as Company Secretary and Compliance Officer effective January 13, 2026. The appointment was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee during a board meeting held on the same date.

Board Meeting Details

The Board of Directors convened on Tuesday, January 13, 2026, with the meeting commencing at 04:30 PM and concluding at 05:11 PM. The primary agenda item was the appointment of the new Company Secretary and Compliance Officer, which was approved as a Key Managerial Personnel position.

Meeting Parameter: Details
Date: January 13, 2026
Start Time: 04:30 PM
End Time: 05:11 PM
Key Decision: Appointment of Company Secretary and Compliance Officer
Effective Date: January 13, 2026

New Appointee Profile

Mr. Ankit Kumar Jain brings substantial expertise to his new role as Company Secretary and Compliance Officer. He is an Associate Member of the Institute of Company Secretaries of India (ICSI) with membership number A54805 and holds a Commerce Graduate degree from Osmania University Hyderabad.

Professional Details: Information
Name: Mr. Ankit Kumar Jain
ICSI Membership: A54805
Qualification: Associate Member of ICSI
Education: Commerce Graduate, Osmania University Hyderabad
Experience: Over 8 years
Specialization: Corporate governance, regulatory compliance

Professional Experience and Expertise

Mr. Jain is described as a seasoned Company Secretary and Compliance professional with over eight years of experience in handling corporate governance, regulatory compliance, and secretarial functions of listed companies. His expertise encompasses:

  • Deep knowledge of Companies Act, 2013
  • Proficiency in SEBI Regulations and allied corporate laws
  • Securities laws compliance
  • Strengthening governance frameworks
  • Ensuring transparent shareholder communication

Regulatory Compliance

The appointment has been made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that Mr. Ankit Kumar Jain is not debarred from holding the office of Company Secretary and Compliance Officer by virtue of any order passed by SEBI or any other regulatory authority.

Corporate Communication

The appointment information has been communicated to BSE Limited under scrip code 530723, and the details will be made available on the company's website at www.acmfsl.com . This appointment represents a strategic move to strengthen the company's compliance and governance framework under experienced leadership.

Historical Stock Returns for Asit C Mehta Financial Services

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Asit C. Mehta Financial Services Reports Quarterly Loss, Board Approves Unaudited Results

2 min read     Updated on 12 Nov 2025, 07:35 AM
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Shriram SScanX News Team
Overview

Asit C. Mehta Financial Services Limited (ACMFSL) reported a standalone loss after tax of ₹67.59 lakhs for Q2 FY2026, compared to a loss of ₹57.65 lakhs in Q2 FY2025. Total income increased to ₹202.05 lakhs from ₹181.59 lakhs year-over-year. On a consolidated basis, the company posted a profit after tax of ₹156.81 lakhs in Q2 FY2026, reversing a loss of ₹33.06 lakhs in the same quarter last year. Consolidated revenue from operations rose significantly to ₹2,167.04 lakhs from ₹1,480.71 lakhs. The company's segment-wise revenue for H1 FY2026 was led by Stock Broking and Allied Services at ₹3,131.73 lakhs.

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Asit C. Mehta Financial Services Limited (ACMFSL) has reported a standalone loss after tax for the quarter ended September 30, 2025, as approved by the company's Board of Directors. The financial results, which include both standalone and consolidated figures, were reviewed and approved at a board meeting held on November 11, 2025.

Key Financial Highlights

The unaudited standalone financial results for the quarter and half-year ended September 30, 2025, reveal the following:

Particulars (₹ in Lakhs) Q2 FY2026 Q2 FY2025 H1 FY2026 H1 FY2025
Revenue from Operations 122.79 114.57 245.56 228.69
Other Income 79.26 67.02 192.11 96.30
Total Income 202.05 181.59 437.67 324.99
Total Expenses 269.64 239.24 516.81 432.95
Loss Before Tax (67.59) (57.65) (79.14) (107.96)
Loss After Tax (67.59) (57.65) (79.14) (108.03)

Consolidated Performance

On a consolidated basis, ACMFSL and its subsidiaries reported:

Particulars (₹ in Lakhs) Q2 FY2026 Q2 FY2025 H1 FY2026 H1 FY2025
Revenue from Operations 2,167.04 1,480.71 3,291.23 2,776.72
Total Income 2,294.03 1,635.73 3,572.68 3,055.39
Total Expenses 2,139.68 1,680.92 3,662.78 3,298.34
Profit/(Loss) Before Tax 154.35 (45.19) (90.10) (242.95)
Profit/(Loss) After Tax 156.81 (33.06) (83.19) (224.61)

Segment-wise Performance

The company's segment-wise revenue for the half-year ended September 30, 2025, shows:

  • Stock Broking and Allied Services: ₹3,131.73 lakhs
  • Investment Activities: ₹96.87 lakhs
  • Information Technology Enabled Services: ₹10.44 lakhs
  • Wealth Management: ₹52.19 lakhs

Board Meeting Details

The Board meeting commenced at 4:45 p.m. and concluded at 5:35 p.m. on November 11, 2025. The company has stated that it will publish these financial results in English and Marathi newspapers as per regulatory requirements.

Auditor's Review

Manek & Associates, Chartered Accountants, conducted a limited review of the financial statements. The auditors stated that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

Investors and stakeholders should note that these are unaudited results and may be subject to changes upon audit. The company's consolidated revenue has shown improvement compared to the previous year, despite the reported losses on a standalone basis.

Historical Stock Returns for Asit C Mehta Financial Services

1 Day5 Days1 Month6 Months1 Year5 Years
+3.10%+7.52%+7.36%+25.49%-0.38%+193.94%
Asit C Mehta Financial Services
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