Auditor17 May 2026, 09:01 pm
Ashika Credit Capital: Statutory Auditor Resigns Due to RBI Rules
AI Summary
Ashika Credit Capital Ltd (ACCL) announced the resignation of its statutory auditors, M/s DHC & Co, Chartered Accountants, effective May 17, 2026. The resignation is due to the firm's ineligibility under RBI guidelines, as ACCL has crossed the threshold limit of Total Asset Size as on March 31, 2026. The auditors confirmed there are no concerns regarding the company's management or material reasons for their departure beyond the RBI's regulations. The Board also approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, and recommended a final dividend of ₹0.50 per equity share.
Key Highlights
- M/s DHC & Co resigns as statutory auditor of Ashika Credit Capital due to RBI ineligibility.
- Board approves audited financial results for FY26 with an unmodified opinion.
- Final dividend of ₹0.50 per share recommended for FY26, subject to shareholder approval.
- Ashika Stock Services Limited becomes a material wholly-owned subsidiary.
- In-principle approval for Mutual Fund sponsorship to be transferred to Ashika Stock Services Limited.
Price Impact
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