M/s Sunil K. Gupta & Associates Chartered Accountant appointed Statutory auditor in the Company subject to approval of Shareholders
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PMC Fincorp Ltd has appointed M/s Sunil K. Gupta & Associates, Chartered Accountants (FRN: 002154N), as its new Statutory Auditor, effective December 9, 2025. The appointment comes to fill a casual vacancy caused by the resignation of the previous auditor, M/s Pankaj Gupta & Co. The new firm is a Delhi-based practice with over 45 years of experience, offering audit, tax, advisory, and forensic services. The appointment is subject to shareholder approval at a general meeting. The company has not disclosed the reason behind the previous auditor's resignation.
A mid-term auditor change is generally a neutral-to-slightly-negative signal, as the reasons for the previous auditor's exit are not disclosed. Shareholders should watch for any further details on why M/s Pankaj Gupta & Co. resigned, as unexplained auditor changes can sometimes raise governance concerns.