The Board of Directors in their meeting held today appointed M/s ABSM & Associates (FRN: 015966C) as Statutory auditors of the company for a period of five years subject to approval of ....
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On July 29, 2025, the Board of Directors of BFL Asset Finvest Ltd approved the appointment of M/s ABSM & Associates (FRN: 015966C) as the new Statutory Auditor of the company. This appointment is for a period of five consecutive years, starting from the conclusion of the 30th Annual General Meeting (AGM) up to the conclusion of the 35th AGM, expected to be held in calendar year 2030. The change is happening because the term of the existing auditor, M/s Khilnani & Associates (FRN: 005776C), expires at the upcoming 30th AGM, making this a routine rotation. The appointment is subject to shareholder approval at the ensuing AGM. M/s ABSM & Associates is described as a chartered accountancy firm with over 14 years of experience in statutory audits, tax audits, stock audits, and financial consulting across banks, NBFCs, and corporates.
This is a routine, planned change of statutory auditor due to the natural expiry of the previous auditor's term, not a midterm resignation or governance concern. Investors are unlikely to see any meaningful impact on the stock or business operations from this announcement.