Key Event Details
- Resigning Auditor: M/s S K Bhavsar & Co., Chartered Accountants (Firm Registration No. 180566)
- Resignation Date: October 26, 2026
- Effective Date: Closing of business hours on October 26, 2026
- Appointment Date: September 29, 2025 (for financial year 2025-26)
- Term of Appointment: 5 years from 2025-26
Reasons for Resignation
The auditor cited three primary reasons:
1. Re-allocation of professional commitments/capacity constraints in the firm
2. Mutual decision considering the audit firm's other engagements and bandwidth
3. Change in the director of the company, making it difficult to devote requisite time and attention
The resignation letter specifically clarifies that the resignation is not on account of any fraud, non-compliance, or irregularity in the affairs of the Company that requires reporting under Section 143(12) of the Companies Act, 2013. The auditor confirmed having no adverse remarks to report.
Recent Audit Activity
Prior to resignation, the auditor submitted a Limited Review Report of Unaudited Financial Results for the Quarter ended September, 2026, on October 22, 2026.
Auditor Contact Information
- Address: 1047, Sun Gravitas, Nr Shyamal Cross Road, Satellite, Ahmedabad-380015
Company Representation
The disclosure was signed by Satish S. Kalmaste, Managing Director (DIN: 10937141), on behalf of the Board of Directors of Leading Leasing Finance and Investment Company Limited.
Financial Impact
Financial impact not quantified in the disclosure. The resignation represents a governance change rather than a direct financial event.