Fino Payments Bank Limited has informed the Exchange regarding Change in Auditors of the company.
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Fino Payments Bank's board approved unaudited Q1 FY26 results showing total income of ₹453.47 crore (vs ₹436.86 crore in Q1 FY25) and a net profit of ₹24.63 crore, nearly flat compared to ₹24.27 crore last year. The bank has appointed M/s. Bilimoria Mehta & Co. as its new Statutory Central Auditor for three years (FY26–FY28), replacing A P Sanzgiri & Co. whose term ends at the upcoming AGM; this is a routine rotation, not a mid-term exit. Mr. Rajat Kumar Jain has been re-appointed as Non-Executive Independent Director and Part-Time Chairperson for a second 3-year term starting November 2, 2025, pending RBI and shareholder approval. M/s. Alwyn Jay & Co. was also appointed as Secretarial Auditor for five years. Key metrics like EPS (₹2.13 vs ₹2.92) and return on assets (0.41% vs 0.71%) declined year-on-year, though capital adequacy remains strong at 73.35%.
Routine auditor rotation and director re-appointment signal governance continuity with no disruption. Flat profit growth and lower EPS/RoA may be a mild negative for sentiment, but the ultra-strong capital position and revenue growth offer comfort to shareholders.