Appointment of joint statutory auditors.
POONAWALLA · price
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Poonawalla Fincorp's Board meeting on May 5, 2026 approved appointment of B. K. Khare & Co. as new Joint Statutory Auditors, to hold office from the conclusion of the 46th AGM till the 49th AGM. The term of existing auditor Kirtane & Pandit LLP will complete at the 46th AGM. This change complies with RBI guidelines on statutory auditor rotation. The company also reported strong FY 2025-26 results with total income of ₹6,795.65 crores (up 61% from ₹4,222.84 crores), profit after tax of ₹541.81 crores (recovering from a loss of ₹98.34 crores in FY25), and EPS of ₹6.84. No dividend was declared for FY25-26 as the company decided to conserve capital for growth. The 46th AGM is scheduled for July 24, 2026.
The auditor change is routine rotation, compliant with RBI guidelines, and signals no governance concerns. The strong financial recovery with near-doubling of profit demonstrates improved operational performance. Capital conservation despite profitability may indicate continued investment in growth.