Poonawalla Fincorp Limited has informed the Exchange regarding 'Appointment of Joint Statutory Auditors of the Company'.
POONAWALLA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Poonawalla Fincorp's Board meeting on May 5, 2026 approved the appointment of B. K. Khare & Co. as new Joint Statutory Auditors, replacing Kirtane & Pandit LLP whose term concludes at the 46th AGM. The new auditors will hold office for 3 years (from 46th to 49th AGM). This rotation complies with RBI Guidelines for NBFC auditors. The company also reported strong FY2026 results with profit after tax of Rs 541.81 crores (vs loss of Rs 98.34 crores in FY2025), declared no dividend to conserve capital, and completed a Rs 2,500 crore QIP in April 2026.
Routine auditor rotation aligned with regulatory requirements; no shareholder concern as the change follows standard NBFC compliance norms and the company posted improved profitability.