AYENSEAye Finance LimitedMediumNeutral
Announced Mon, 27 Apr · 14:30 IST

Aye Finance Limited has informed the Exchange regarding Change in Auditors of the company.

Cfo ResignedManagement Changes View source PDF

AYE · price

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Price reaction · full curve 14 horizons · vs prior close
+7.1%1-day move
₹135.00
prior close
₹154.73
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-1.2+1.2-1.8+7.1+2.2-2.5-0.8-0.0+5.9+2.2+7.4+31.1+23.7
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AI summary

Aye Finance Limited's Board meeting on April 27, 2026 resulted in three key leadership changes: (1) Mr. Sovan Satyaprakash resigned as Interim Chief Financial Officer effective end of day April 27, 2026, but will continue as Head of Strategy & Product; (2) Mr. Gaurav Seth, a chartered accountant with 27 years of BFSI experience (previously CFO at IIFL Home Finance and Airtel Payments Bank), was appointed as the new CFO effective April 28, 2026; and (3) MSKA & Associates, LLP was appointed as the new Statutory Auditors for 3 years, replacing M/s S S Kothari Mehta & Co. LLP whose tenure expires at the 33rd AGM in 2026. The auditor change is a planned rotation, not a mid-term resignation.

Likely market impact

The CFO transition from interim to a permanent, experienced finance leader signals improved institutional stability. The routine auditor rotation with a well-established firm (MSKA & Associates, established 1978) should have minimal market impact.