Fino Payments Bank Limited has informed the Exchange regarding Change in Auditors of the company.
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Fino Payments Bank reported Q1 FY26 (quarter ended June 30, 2025) total income of ₹45,347 lakhs, down from ₹49,349 lakhs in Q4 FY25 but up from ₹43,686 lakhs in Q1 FY25. Net profit rose to ₹687 lakhs versus ₹570 lakhs in the previous quarter, though lower than ₹1,776 lakhs in the year-ago period. Capital adequacy ratio remained strong at 73.35% with EPS of ₹2.13. The Board re-appointed Mr. Rajat Kumar Jain as Non-Executive Independent Director and Part-Time Chairperson for a second 3-year term starting November 2, 2025. M/s. Bilimoria Mehta & Co. was appointed as the new Statutory Central Auditor for 3 years, replacing A P Sanzgiri & Co. whose term ends at the upcoming AGM. M/s. Alwyn Jay & Co. was appointed as Secretarial Auditor for 5 years.
Routine board actions with no governance red flags. The auditor change is a standard end-of-term rotation with RBI approval already received, and the director re-appointment signals board continuity. Q1 profitability remains modest for a payments bank, but the very high capital adequacy ratio provides a strong cushion.