Appointment of M/s. SAP Jain & Associates, Chartered Accountants as a Statutory Auditor of the Company for a first term of 5 (Five) years in place of M/s. Mahendra Badjatya & Co.. Chartered ....
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Available Finance Ltd's Board has approved the appointment of M/s. SAP Jain & Associates, Chartered Accountants (based in Indore) as the new Statutory Auditor, replacing M/s. Mahendra Badjatya & Co., whose second and final term is expiring. The new auditor will serve a 5-year term starting from the conclusion of the 33rd AGM on September 30, 2025, until the 38th AGM in 2030, subject to shareholder approval. The appointment was recommended by the Audit Committee and follows the standard regulatory requirement for auditor rotation after completion of the maximum allowed tenure.
This is a routine compliance-driven change required under regulations after the previous auditor completed their maximum tenure. No governance red flags — shareholders will need to approve the appointment at the upcoming AGM, but this should not materially affect the stock or operations.