CAPITALSFBNSECapital Small Finance Bank LimitedMediumNeutral
Announced Wed, 29 Apr · 15:07 IST

Capital Small Finance Bank Limited has informed the Exchange regarding Appointment of M/s GSA & Associates LLP as Statutory Auditors of the company ensuing AGM subject to the approval of shareholders.

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AI summary

Capital Small Finance Bank Limited's Board of Directors, in a meeting held on April 29, 2026, approved the appointment of M/s GSA & Associates LLP, Chartered Accountants, as the Statutory Auditors of the Bank for a period of 3 years starting from FY 2026-27 through FY 2028-29. The appointment is subject to shareholder approval in the ensuing 27th Annual General Meeting. The firm is empanelled with C&AG, RBI, and IBA, and its senior partner Dr CA Amarjit Chopra is a former President of ICAI and currently serves on the board of SBI Mutual Funds Trustees. RBI approval for this appointment has already been obtained.

Likely market impact

The appointment of a new statutory auditor with strong credentials in the banking sector is a routine governance action. It has no immediate negative impact on shareholders and ensures continued compliance with statutory audit requirements. The shareholding approval is considered a formality.