CSL Finance Limited has informed the Exchange regarding Change in Auditors of the company.
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CSL Finance's board, which met on August 12, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Statutory auditor M/s S.P. Chopra & Co.'s tenure ended per RBI guidelines for NBFCs, and M/s S.R. Dinodia & Co. LLP was appointed as the new statutory auditor for three years (from 33rd to 36th AGM, ending 2028). M/s Jasvinder Kaur & Co. was appointed as secretarial auditor for five years. Ms. Rachita Gupta (daughter of MD Rohit Gupta) was re-appointed as Whole Time Director for a further five years from December 30, 2025, and Mr. Ashok Kumar Kathuria was elevated from non-executive to executive director. The board also approved an increase in authorized share capital and introduced the CSL ESOP 2025 with a pool of 22,78,262 options, linked to five-year performance targets focused on growing AUM in SME retail lending.
The auditor change is a routine, RBI-mandated rotation rather than a red flag, and the new statutory auditor (S.R. Dinodia) is a larger, well-known firm which may strengthen audit quality. The ESOP tied to SME retail AUM growth signals management's strategic focus on scaling this segment, which is positive for shareholders if targets are met, though it also means potential dilution once grants are made.