Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we inform the resignation of M/s O. aggarwal & Co., charatered accountants, statutory auditor of the Company.
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GDL Leasing & Finance Ltd informed the stock exchange that M/s O. Aggarwal & Co, Chartered Accountants, has resigned as the company's Statutory Auditor with effect from 6 August 2025. The auditor cited pre-occupation with other audit assignments and professional commitments as the reason, stating they could not allocate sufficient time to the role. The auditor was originally appointed in October 2024 for a 5-year term ending 31 March 2029, and had completed their latest limited review for Q4 FY 2024-25 on 29 May 2025. No concerns about management, financial statements, or governance were flagged by the resigning auditor. To fill the casual vacancy, the Board has appointed M/s Jain Akshay & Associates, Chartered Accountants as the new Statutory Auditor until the next Annual General Meeting.
This is a mid-term statutory auditor change, but the stated reason (auditor's own pre-occupation) is benign and there are no governance red flags. The Board has already appointed a replacement auditor, so there should be no disruption to ongoing audits. Shareholders should note the change but it is unlikely to materially affect the stock price.