Statutory Auditor M/s B Nath and Co resigns mid-term
UYFINCORP · price
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U. Y. Fincorp Limited's statutory auditor M/s B Nath and Co. has resigned effective close of business on 23 July 2026. The auditor was appointed in September 2023 with term running until the AGM in 2028, making this a mid-term exit. Reason cited: existing fees are not commensurate with the time and effort required given the company's growing scale of operations, increasing business complexity, and regulatory environment including applicable RBI Scale Based Regulation. The FY26 statutory audit and limited review reports were already submitted. Company will appoint a new statutory auditor to fill the casual vacancy.
Mid-term auditor exit over fee disagreements may raise governance concerns. New auditor appointment to follow; watch for any qualified opinions or unusual disclosures.