Announced Sat, 25 Jul · 19:22 IST
Five-Star Business Finance proposes Suri and Co as Joint Statutory Auditors
Management Changes View source PDF
FIVESTAR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹535.30
prior close
₹540.00
base price
After-mkt
timing
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AI summary
Five-Star Business Finance's board has proposed appointing Suri and Co, Chartered Accountants (Chennai, founded 1939) as Joint Statutory Auditors for 3 years, from the 42nd AGM to the 45th AGM. This follows RBI guidelines requiring joint audits for NBFCs with assets of Rs 15,000 crore or more. Subject to shareholder approval.
Likely market impact
Routine governance step to comply with RBI rule for large NBFCs. Neutral for shareholders; pending shareholder vote.