Manba Finance Limited has informed the Exchange regarding Appointment of Ms KRSHNA & Associates, Chartered Accountants as Statutory Auditors of the company w.e.f. July 14, 2025.
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Manba Finance has appointed M/s. KRSHNA & Associates, Chartered Accountants (Firm Registration No. 0122950W) as its new Statutory Auditor for a 3-year term starting July 14, 2025, subject to shareholder approval at the upcoming AGM. The appointment was made on the recommendation of the Audit Committee and replaces the previous auditor M/s. Venus Shah and Associates LLP, who stepped down after completing the maximum continuous tenure of three financial years permitted under RBI guidelines. KRSHNA & Associates is a Thane-based peer-reviewed firm (established 2002) offering statutory audit, bank audit, tax and advisory services. The Board approved this change at its meeting held on July 14, 2025.
This is a routine auditor rotation driven by RBI-mandated tenure limits, not a governance red flag. Shareholders should approve the appointment at the AGM, but the change is unlikely to materially affect the stock or operations.