BSEReal Touch Finance LtdMediumNeutral
Announced Wed, 30 Jul · 17:56 IST

Resignation of Statutory Auditor of the Company.

Auditor Resigned MidtermManagement Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Real Touch Finance Limited informed BSE that M/s P.D Randar & Co., Chartered Accountants (FRN 319295E) has resigned as the company's Statutory Auditor, effective from close of business hours on 30 July 2025. The auditor was originally appointed on 12 August 2017 and had a term running until the conclusion of the AGM to be held in 2027, making this a midterm exit. The reason cited was operational difficulty: most of the company's transactions are conducted from Chennai and documents are maintained there, while the auditor is based in Kolkata, making it impractical to carry out audits and quarterly reviews. The last audit report submitted was for the quarter and financial year ended 31 March 2025, filed on 30 May 2025. The auditor confirmed there are no other material reasons and no concerns were flagged with the Audit Committee or Board.

Likely market impact

The stock is a small-cap NBFC (scrip code 538611), and the resignation is attributed to logistical reasons rather than governance issues. Investors should watch for the appointment of a new statutory auditor in due course; any delay in appointing a replacement could affect timely audit completion for upcoming quarters.