Baid Finserv Limited has informed the Exchange regarding Change in Auditors of the company.
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Baid Finserv Limited has appointed M/s. ABSM & Associates (FRN: 015966C) as its new Statutory Auditors, replacing the retiring M/s Khilnani & Associates. The change is happening because the term of the previous auditors is expiring at the conclusion of the upcoming 34th Annual General Meeting. The new auditors have been appointed for a 5-year period, from the 34th AGM until the 39th AGM in 2030, pending shareholder approval. ABSM & Associates is a Chartered Accountant firm with over 14 years of experience in statutory audits, stock audits, tax audits, and financial consulting for banks, NBFCs, and corporates.
This is a routine auditor rotation at the end of the previous auditor's natural term, not a mid-term resignation, so it carries no negative governance signal. Shareholders will need to approve the appointment at the upcoming AGM, but the change is procedural and should not materially affect the stock.