SBI Cards and Payment Services Limited has informed the Exchange regarding Appointment of M/s. V.K. Dhingra & Co. and M/s. S.P. Chopra & Co. as the Joint Statutory Auditors of the Company w.e.f. September 23, 2025.
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SBI Cards has appointed M/s. V.K. Dhingra & Co. (FRN 000250N) and M/s. S.P. Chopra & Co. (FRN 000346N) as its Joint Statutory Auditors for the financial year 2025-26, effective September 23, 2025. The appointment follows a directive from the Comptroller and Auditor General of India (CAG) dated September 10, 2025, which is standard procedure for companies with significant public-sector ownership. Both firms have accepted the appointment and bring extensive experience auditing public sector banks, PSUs, and large corporates, including prior audit experience of SBI Cards itself.
This is a routine regulatory appointment and should not materially impact shareholders or the stock price. It confirms continuity of audit oversight by CAG-recommended firms, which is generally viewed as a governance positive.