Manba Finance Limited has informed the Exchange regarding Board meeting held on July 14, 2025.
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Manba Finance's board approved the appointment of M/s. KRSHNA & Associates as the new statutory auditor for a 3-year term starting July 14, 2025, subject to shareholder approval at the upcoming AGM. This replaces the previous auditor, M/s. Venus Shah and Associates LLP, who completed the maximum 3-year continuous tenure allowed under RBI norms and became ineligible for reappointment. KRSHNA & Associates is a Thane-based chartered accountancy firm established in 2002 and peer-reviewed by ICAI. The change is purely regulatory and routine, not driven by any audit concerns or disputes.
This is a standard, RBI-mandated auditor rotation with no governance red flags, so investors should not expect any material impact on the stock. Shareholders will simply need to approve the new auditor at the next AGM.