ESAF Small Finance Bank Limited has informed the Exchange regarding Change in Auditors of the company.
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ESAF Small Finance Bank's shareholders approved two auditor appointments at the 9th Annual General Meeting held on September 24, 2025. M/s Sundaram & Srinivasan, Chartered Accountants (Chennai-based, established 1943, 14 partners) was appointed as Joint Statutory Auditor for a 3-year term covering FY 2025-26 to FY 2027-28. The firm has prior experience auditing major banks including Federal Bank, Canara Bank, Bank of Maharashtra, and Tamil Nadu Mercantile Bank. M/s SEP and Associates (Kochi-based corporate law firm) was appointed as Secretarial Auditor for a 5-year term covering FY 2025-26 to FY 2029-30. Both appointments include the standard SEBI-required disclosures.
This is a routine governance and regulatory compliance matter with no material impact expected on the stock. The appointment of well-established audit firms with banking sector experience should be viewed positively by investors as it strengthens audit quality.