Resignation of Statutory Auditor, as enclosed.
ASHIKA · price
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Ashika Credit Capital Ltd's statutory auditor M/s DHC & Co. resigned effective 17th May 2026 due to RBI ineligibility - the company's asset size crossed the threshold limit requiring a larger auditor under RBI Guidelines. The board appointed M/s J K V S & Co. to fill the vacancy effective 18th May 2026, with a proposed 3-year term subject to shareholder approval. The FY2026 results received an unmodified audit opinion. The board also recommended a 5% dividend (Re. 0.50 per share) for FY 2025-26 and announced a proposed acquisition of Ashika Capital Limited to make it a wholly-owned subsidiary for up to Rs. 22 crore.
The mid-term auditor change due to regulatory ineligibility is routine for NBFCs crossing asset thresholds. The clean audit opinion and dividend recommendation are positive signals for shareholders.