Appointment of S.P. Chopra & Company as Statutory Auditors of the Company for a period of three years
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SG Finserve Limited has informed the stock exchange that its Board, on July 22, 2025, approved the appointment of S.P. Chopra & Company, Chartered Accountants (FRN: 000346N) as the new Statutory Auditor of the company. This appointment is for a period of three years, starting from the conclusion of the upcoming 31st Annual General Meeting (AGM) until the conclusion of the 34th AGM, and is subject to shareholder approval. The change comes as the term of the existing auditor, M/s AKGVG and Associates (FRN: 018598N), ends at the 31st AGM. S.P. Chopra & Co. is a well-established firm founded in 1949, headquartered in New Delhi, with 75+ years of experience, 135+ professionals, and prior experience auditing listed NBFCs and over 25 BFSI entities. The firm is RBI-empanelled since 1970 and compliant with RBI's April 2021 NBFC audit eligibility norms.
This is a routine, end-of-term rotation of statutory auditors rather than a midterm resignation, which is generally seen as a neutral governance event. The incoming auditor brings strong BFSI and NBFC audit credentials, which should reassure investors about audit quality.