Mercantile Ventures' board approved its Q1 financial results.

Standalone net profit was Rs. 0.30 Cr, but consolidated results showed a net loss of Rs. 0.87 Cr.

A significant audit qualification highlighted a Rs. 22 Cr investment in a subsidiary's preference shares with unassessed fair value and unpaid dividends, impacting consolidated figures.

The company appointed KRA & Associates as Secretarial Auditors (subject to shareholder approval) and Ms. Ramya Ganapathy as Internal Auditor.

The Annual General Meeting is scheduled for September 25 via VC/OAVM, with a September 18 cut-off date for voting.

This update details Q1 performance and key governance changes.