Auditor25 Jul 2026, 07:50 pm
Five-Star Business Finance Appoints Joint Statutory Auditors
AI Summary
Five-Star Business Finance Ltd has proposed the appointment of M/s Suri & Co, Chartered Accountants, as Joint Statutory Auditors for a three-year term. This appointment, effective from the conclusion of the 42nd AGM up to the 45th AGM, aligns with RBI guidelines for entities with assets over ₹15,000 crore, requiring joint audits by at least two firms. The decision was based on recommendations from the Audit Committee and will be presented for shareholder approval. M/s Suri & Co, established in 1939, brings over eight decades of experience in statutory audits and related financial services.
Key Highlights
- Proposed appointment of M/s Suri & Co as Joint Statutory Auditors.
- Appointment term is for three years, from 42nd to 45th AGM.
- Complies with RBI guidelines for joint statutory audits.
- Firm has over 80 years of experience in financial services.
- Requires shareholder approval at the upcoming AGM.
Price Impact
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