MANBA FINANCE LIMITED has informed the Exchange about Resignation of Statutory Auditor
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Manba Finance Limited's statutory auditor, Venus Shah & Associates LLP (Firm Registration No. 120878W/W101094), has resigned effective from the conclusion of the statutory audit for the financial year ended March 31, 2025. The auditor was originally appointed due to a casual vacancy in FY 2022-23 and subsequently reappointed for a 3-year term covering FY 2023-24 through FY 2025-26. The resignation is driven by RBI Circular RBI/2021-22/25, which mandates that an audit firm cannot be reappointed in the same entity for six years after completing a continuous tenure of three financial years as statutory auditor. The auditor completed the audit for FY 2024-25 before stepping down, which means they are exiting before completing their full 3-year reappointed term. No governance concerns, disputes, or qualifications were mentioned in the resignation letter.
This is a routine, regulation-driven auditor rotation and is not expected to materially impact the stock price or company operations. Shareholders should expect the company to appoint a new statutory auditor in due course to comply with RBI guidelines.