Appointment of Statutory Auditor in EGM
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PMC Fincorp Ltd has appointed M/s. Sunil K. Gupta & Associates, Chartered Accountants (FRN: 002154N), as its new Statutory Auditor, following shareholder approval at an Extra-Ordinary General Meeting held on January 16, 2026. The appointment fills a casual vacancy caused by the resignation of the previous auditor, M/s Pankaj Gupta & Co. The new auditor will serve until the conclusion of the company's 41st Annual General Meeting. M/s. Sunil K. Gupta & Associates is a Delhi-based firm established in 1980 with over 45 years of experience in audit, tax, advisory, and forensic services. The appointment was originally recommended by the Audit Committee and approved by the Board on December 9, 2025, before going to shareholders for final approval.
Mid-term auditor changes can sometimes raise governance questions for retail investors, but the appointment of a well-established, peer-reviewed firm with 45+ years of experience should help restore confidence in audit oversight. Shareholders should monitor for any further disclosures about why the previous auditor resigned.