Resignation of M/s. RSRV & Associates, Chartered Accountants Statutory Auditor of the Company.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
DhanSafal Finserve's board met on August 14, 2025 and approved several items. For Q1 FY26 (quarter ended June 30, 2025), total revenue rose to Rs. 237.45 lakhs from Rs. 133.28 lakhs a year ago, but profit after tax fell sharply to Rs. 14.93 lakhs compared with Rs. 61.39 lakhs in the same quarter last year. Statutory auditor M/s. RSRV & Associates resigned mid-term, citing pre-occupation in other assignments, even though their term was scheduled to run until the 2027 AGM. To fill the casual vacancy, M/s. ARCK & Co., Chartered Accountants, has been appointed, pending shareholder approval. The board also appointed Mr. Raghunath Narasimhachar Patel, a retired RBI Chief General Manager with 36 years of banking experience, as a Non-Executive Independent Director for five years. Additionally, the company is shifting its registered office and has called its 44th AGM for September 25, 2025.
The auditor change is a mid-term switch rather than a routine rotation, but the stated reason (pre-occupation) appears routine and a replacement has been lined up immediately, limiting governance concerns. The sharp year-on-year drop in quarterly profit despite higher revenue may draw investor attention, though the small base makes the numbers volatile. Appointment of a seasoned ex-RBI official as independent director is a positive governance signal for a small NBFC-type entity.