Dhanlaxmi Bank Limited has informed the Exchange regarding Change in Auditors of the company.
DHANBANK · price
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Shareholders of Dhanlaxmi Bank approved the appointment of two firms — M/s. Sagar & Associates (Chartered Accountants, Hyderabad) and M/s. Abraham & Jose (Chartered Accountants, Thrissur) — as Joint Statutory Central Auditors at the 98th AGM held on September 29, 2025. The appointment is for a one-year term, from the conclusion of the 98th AGM to the conclusion of the next AGM, with prior RBI approval obtained on August 5, 2025. Sagar & Associates has 35 years of audit experience and previously served as the bank's statutory central auditors for FY 2012-13 to 2014-15 and FY 2023-24 & 2024-25. Abraham & Jose has 53 years of experience, including 30 years as statutory central auditors for several public and private sector banks like Federal Bank, Indian Overseas Bank, and South Indian Bank. Both firms have confirmed eligibility under Section 141 of the Companies Act, 2013 and applicable RBI guidelines.
This is a routine annual auditor appointment approved at the AGM with RBI clearance, indicating standard governance compliance. No material impact expected on shareholders or stock price as this is a regulatory requirement fulfilled as part of normal AGM proceedings.