To consider and approve 1. the resignation of existing Statutory Auditor i.e. Ashit N. Shah & Co., Chartered Accountants. 2. the appointment of S D P M & Co., Chartered Accountants, as ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sera Investments & Finance India Ltd announced on July 11, 2025 that its existing statutory auditor, Ashit N. Shah & Co., Chartered Accountants (FRN: 0100624W), has resigned effective the same day. The board simultaneously appointed S D P M & Co., Chartered Accountants (FRN: 126741W), based in Ahmedabad, as the new statutory auditor under Section 139(8) of the Companies Act, 2013, which is the provision used to fill a casual vacancy created by the resignation. S D P M & Co. has over 19 years of experience in auditing, advisory, and financial services. The new auditor is not related to any director or key managerial personnel and does not hold shares in the company.
This is a routine auditor change where the outgoing auditor resigned and was immediately replaced. The appointment under Section 139(8) indicates the vacancy arose mid-term rather than at the end of the auditor's tenure, which shareholders may want to monitor. No material impact on share price is expected, but any reasons behind the resignation beyond the formal disclosure could be relevant.