Appointment of SAP Jain $ Associate Practicing Company Secretary indore as statutory Auditors for 1st term of five (5) Years in place of M/s Mahendta Badjatya & Co. Indore upon ....
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Anjani Finance's board has approved the appointment of M/s SAP Jain & Associates, Chartered Accountants (Indore), as the new Statutory Auditors for a first term of 5 consecutive years, from the conclusion of the upcoming 36th AGM to the 41st AGM. They replace M/s Mahendra Badjatya & Co., who are retiring upon completion of their term. The board also appointed M/s SMR & Associates, Practicing Company Secretaries (Indore), as Secretarial Auditors for a first 5-year term covering FY 2025-26 to FY 2029-30. Both appointments are subject to shareholder approval at the 36th AGM. The new firms are Indore-based, with SAP Jain & Associates having been constituted in 2014 with three FCA partners.
This is a routine auditor rotation at the end of an existing term rather than a mid-term change, which is a normal governance practice. No negative signal for shareholders — the switch was recommended by the Audit Committee and requires shareholder ratification at the AGM.