DHANBANKNSEDhanlaxmi Bank Limited· BanksMediumNeutral
Announced Mon, 29 Sept · 19:24 IST

Dhanlaxmi Bank Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

DHANBANK · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Dhanlaxmi Bank has appointed Shri M. Vasudevan, a Practicing Company Secretary with 29 years of experience, as its Secretarial Auditor for a period of five consecutive years from FY 2025-26 to FY 2029-30. The appointment was approved by shareholders at the bank's 98th Annual General Meeting held on September 29, 2025. This appointment is required under SEBI's LODR Regulations and Section 204 of the Companies Act, 2013. Notably, Shri Vasudevan is not new to the bank — he has previously conducted the Secretarial Audit for Dhanlaxmi Bank for FY 2015-16 to 2019-20 and again for FY 2024-25, indicating a continuity rather than a fresh change. The appointment is a routine regulatory compliance requirement and does not involve the statutory auditor.

Likely market impact

This is a routine regulatory filing with no material impact on shareholders or the stock price. It confirms a known auditor in a non-financial audit role, reflecting standard corporate governance compliance.