According to the latest disclosure, Futuristic Securities has appointed M/s. MKPS & Associates LLP as its new statutory auditors effective August 11, 2026, replacing M/s. MAKK & Co. which resigned due to a merger. The Board of Directors approved the appointment pending shareholder ratification at the 55th Annual General Meeting scheduled for September 30, 2026. The transition follows the merger of the outgoing firm with the incoming one, with the change disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The outgoing auditors committed to filing Form ADT-3 with the Registrar of Companies and facilitating a smooth handover of records.
According to the latest financial results, Futuristic Securities reported a net profit of ₹1.18 lakh for the quarter ended June 30, 2026, representing a significant turnaround from a net loss of ₹1.62 lakh in Q1FY25. The company's revenue from operations remained flat at ₹1.58 lakh during both quarters, while other income surged to ₹1.62 lakh from ₹0.07 lakh in Q4FY25. This return to profitability was driven entirely by non-operating income, as core revenue remained stagnant at ₹1.58 lakh across comparable periods, highlighting the need for operational growth to sustain earnings stability.
The company's operating profit margin (OPM) remained at -50% in both the current quarter and the previous year's corresponding quarter. The profit before depreciation and tax (PBDT) also stayed constant at ₹0.01 crore, while profit before tax (PBT) remained unchanged at ₹0.01 crore during the quarter ended June 2026. The reliance on incidental gains through other income of ₹1.62 lakh underscores the need for operational growth to stabilize core revenue and reduce dependence on non-operating income for profitability.
M/s. MKPS & Associates LLP (FRN: 302014E/W101061) provided consent for the appointment, affirming eligibility under Section 139 of the Companies Act, 2013 and independence from the company. The incoming firm holds a valid Peer Review Certificate from the Institute of Chartered Accountants of India. However, the consent letter disclosed an ongoing proceeding against one partner that has not yet reached finality, though the firm stated this does not impair its eligibility or independence. The firm's eligibility under the Companies Act, 2013, and independence from the company remain unaffected by this development.
The stock has shown mixed performance with historical returns of -4.91% over 5 days, -31.16% over 6 months, and -45.92% over 1 year. The return to profitability in Q1FY26 was driven entirely by non-operating income, making robust audit oversight critical for investor confidence. Given the company's reliance on incidental gains, investors will be watching for specific operational strategies to implement for stabilizing core revenue growth and achieving sustainable earnings stability. The upcoming AGM on September 30, 2026, will be crucial for shareholders to evaluate the auditor appointment and the company's operational outlook.
