U.Y. Fincorp Limited disclosed the outcome of its Board of Directors meeting held on July 24, 2026. The meeting commenced at 4:00 PM and concluded at 4:30 PM.
Key Appointments Approved
Internal Auditor Appointment:
- Based on Audit Committee recommendation, the Board appointed M/s Seth and Associates, Chartered Accountants (Firm Registration No. 001167C) as Internal Auditor
- Effective from July 24, 2026 for the financial year 2026-27
- Appointment fills casual vacancy caused by resignation of M/s R K Lodha & Associates, Chartered Accountants (Firm Registration No. 316194E)
Statutory Auditor Appointment:
- Based on Audit Committee recommendation, the Board appointed M/s Praveen K Srivastava & Co, Chartered Accountants (Firm Registration No. 015215C) as Statutory Auditors
- Effective from July 24, 2026 until conclusion of ensuing Annual General Meeting
- Appointment fills casual vacancy caused by resignation of M/s B. Nath & Co., Chartered Accountants (Firm Registration No. 307057E)
- Subject to approval of members at the ensuing Annual General Meeting
Auditor Profiles
Seth and Associates:
- Firm established in 1975
- Provides strategic inputs across various business facets beyond core audit and taxation
- Services clients across multiple segments including Paper, Real Estate, Information Technology, FMCG, and Telecom
- Focuses on helping clients increase wealth while remaining compliant with law
Praveen K Srivastava & Co:
- Firm established in 2005 by CA Praveen Kumar Srivastava
- Employs 6 partners and more than 25 qualified professionals
- Operates from offices in Lucknow, Ghaziabad, Prayagraj, and Raipur
- Services diverse clientele including Government departments, Public Sector Undertakings, corporate entities, MSMEs, trusts, and societies