Intimation for Resignation of M/s. J. Singh & Associates from position of Statutory Auditor of the Company
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M/s. J. Singh & Associates has resigned as the Statutory Auditor of Rita Finance and Leasing Ltd effective January 12, 2026. The firm was originally appointed on September 3, 2022, with a scheduled term until September 30, 2027, but is stepping down now because it has completed the maximum 3-year continuous tenure permitted under RBI's April 2021 guidelines for auditors of NBFCs, following the completion of the FY25 audit. The auditor confirmed there are no concerns with the company, no issues with information availability, and no other material reasons for the exit. The last report submitted by the firm was the limited review for the quarter ended September 30, 2025. The company will need to appoint a new statutory auditor to fill the vacancy.
This is a routine, regulation-driven auditor rotation rather than a red flag, as the auditor explicitly confirmed no governance or financial reporting concerns. Shareholders should watch for timely appointment of a new auditor to avoid any audit gaps, but no immediate negative impact on the stock is expected.