Manba Finance Limited has informed the Exchange regarding Resignation of as Other of the company w.e.f. Jun 30, 2025.
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Manba Finance Limited's statutory auditor, Venus Shah & Associates LLP (FRN: 120878W), has resigned effective June 30, 2025. The firm was originally appointed in FY23 due to a casual vacancy and then reappointed for a 3-year term covering FY24 to FY26. The resignation is driven by the RBI's April 2021 circular on auditor rotation, which bars an audit firm from being reappointed at the same entity for six years after completing a full or part tenure. The auditor completed the FY25 statutory audit and Q4 FY25 limited review on May 22, 2025 before stepping down. The Audit Committee and Board will appoint a new statutory auditor to fill the resulting casual vacancy in their upcoming meetings.
This is a routine, regulation-driven change and not a governance red flag. The outgoing auditor explicitly confirmed there are no other material reasons for resignation and that all required information was provided by management. Shareholders should expect a smooth transition with a new auditor appointed soon, and the underlying business and audit quality remain unaffected.