Appointment of Statutory Auditors subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company
AADHARHFC · price
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Aadhar Housing Finance Limited's Board has recommended appointing M/s. N M Raiji & Co, Chartered Accountants as Joint Statutory Auditor for three years starting FY 2026-27 until the AGM for FY 2028-29. This appointment requires shareholder approval at the ensuing AGM. The existing auditor M/s. Kirtane & Pandit LLP's term is completing at the conclusion of the AGM for FY 2025-26 after serving their 3-year tenure. Once appointed, N M Raiji & Co will work alongside the other existing auditor M/s. S. R. Batliboi & Associates LLP. This change complies with RBI Guidelines for appointment of statutory auditors in HFCs/NBFCs. The appointment was recommended by the Audit Committee and approved by the Board on 5th May 2026.
This is a routine auditor rotation required under RBI guidelines for HFCs and does not indicate any financial concerns. The stock is unlikely to see any significant reaction as this is standard governance compliance.