1. Mr. Pradeep Saremal Jain, Whole Time Director of the Company has resigned from the Board of Directors of the Company w.e.f 02-04-2026 2. H. M. Savla & CO. Chartered Accountants, have ....
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Raama Finance Limited has announced two resignations effective April 2, 2026. First, Mr. Pradeep Saremal Jain, Whole Time Director (DIN: 03363790), resigned from the Board citing personal reasons. His resignation will be placed before the upcoming Board Meeting for formal acceptance. Second, H M Savla & Co., Chartered Accountants, resigned as Internal Auditors with immediate effect citing geographical constraints (the firm is based in Mumbai while the company operates from Vadodara) and workload issues. The company is yet to appoint replacements for both positions.
The simultaneous departure of both the Whole Time Director and Internal Auditor creates a governance vacuum and operational risk, as the company must now urgently find replacements for key positions. Investors should monitor for announcements of new appointments and any impact on the company's audit and compliance functions.