We wish to inform that the board at its meeting held on 29.5.2025 have appointed M/s. Venkatratnam and Associates, Chartered Accountants as Internal auditors of the comapny for the financial ....
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The Board of Directors of Ushakiran Finance Limited, at its meeting on May 29, 2025, appointed M/s. Venkataratnam & Associates, Chartered Accountants (Firm Reg No: 029497S) as the new Internal Auditors for the financial year 2025-2026. The appointment was necessitated because the previous internal auditors, M/s. Suresh and Babu, Chartered Accountants, did not give their consent for reappointment. Sri D. Venkataratnam, the proprietor, is a Chartered Accountant with 31 years of experience, including a long stint in a public sector undertaking, and has been practicing independently since January 2025. This is a routine regulatory disclosure under SEBI Listing Regulations, 2015.
This is a routine auditor rotation with no material impact on shareholders. A change in internal auditors may marginally strengthen independent oversight, but is a standard compliance-driven event for small-cap finance companies.