Resignation of Statutory Auditor
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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M/s VR Associates, Chartered Accountants, resigned as Statutory Auditors of Unifinz Capital India effective close of business on 30 May 2025, about 2.5 years before their original 5-year term was due to end at the 45th AGM in 2028. The auditor said the exit was mutually agreed with management to allow the company to make 'desired changes,' and explicitly stated there were no concerns about inability to obtain audit evidence, no suppression of information, and no disputes with the company. The Q4/FY25 audit report was to be issued on 30 May 2025, while the Q1 FY26 limited review remains pending and will need to be handled by the incoming auditor. In the same board meeting, PVAR & Associates was reappointed as Internal Auditor for FY26 and Singh US & Associates (Mr. Uttsav Singh) was appointed as Secretarial Auditor for 5 years from FY26 to FY30, subject to shareholder approval at the AGM.
Mid-term auditor exits often draw investor scrutiny, but the clean, mutually-agreed nature of this resignation, with no adverse findings cited, points to a planned rotation rather than a governance red flag. Retail investors should watch for the appointment of a new statutory auditor and the timely completion of the pending Q1 FY26 limited review, as any delay there could create short-term uncertainty.