SBI Cards Appoints V.K. Dhingra & S.P. Chopra as Joint Auditors

This disclosure does not pertain to a change in director or key managerial personnel. It concerns the appointment of Joint Statutory Auditors.

Appointment of Joint Statutory Auditors:

The Board has approved the appointment of M/s. V.K. Dhingra & Co., Chartered Accountants (Registration No. 000250N) and M/s. S.P. Chopra & Co., Chartered Accountants (Registration No. 000346N) as the Joint Statutory Auditors of the Company.
The appointment is for the Financial Year 2026-27.
The effective date of the appointment is September 22, 2026.
The appointment is made pursuant to a letter (No./CA. V / COY/CENTRAL GOVERNMENT, SBICRD(l)/ 124) dated September 07, 2026, issued by the office of the Comptroller and Auditor General of India (CAG).
Both firms have formally accepted the appointment via letters dated September 22, 2026.

No strategic or business context, commentary on outlook, risks, or expansion plans is provided in this disclosure.

Regulatory Compliance:

The company has confirmed that the information has been uploaded to its website, www.sbicard.com.

Auditor Profiles:

The disclosure includes extensive annexures detailing the profiles of both appointed audit firms:

V.K. Dhingra & Co. Profile Highlights:

Background: Established in 1973 in New Delhi. The firm has 13 partners with a combined experience of over 250 years.
Infrastructure: Main office in New Delhi (2,800 sq. ft) with a provision for 10,000 sq. ft in Gurugram. Manpower includes 13 partners, 4 qualified CAs, 20 semi-qualified, 2 other professionals (MBA, CS, LLB), 40 articled clerks, and 12 subordinate staff.
Services: Audit & Assurance, Tax Advisory, Corporate Advisory, Management Consultancy, Human Resource Development, and Secretarial & Legal Services.
Client Base: Big Corporate Entities, State-Owned Enterprises, Banking and Financial Institutions (including NBFCs), Foreign Companies, and others.
Empanelment: Firm is empanelled with CAG, RBI, UNIDO, IRDA, LIC, IDBI, NHAI, and various professional chambers.
Partners: Detailed list of 13 partners including Mr. V.K. Dhingra (FCA, CFE), Mr. Vipul Girotra (FCA), Mr. Lalit Ahuja (FCA, AFA), Mr. Sanjay Jindal (FCA), Mr. Manjit Singh Itan (FCA), Mr. R.L Garg (FCA), Mr. Anupam Agarwal (FCA), Mr. Ajay Jindal (FCA), Mr. Shiva Nandan Singh (FCA, DISA), Mr. Navya Malhotra (FCA, DISA, CISA - Chairman of NIRC of ICAI for 2026-27), Mr. Suresh Kumar (FCA), Mr. Vikas Khandelwal (ACA), and Mr. Nikhil Garg (ACA).

S.P. Chopra & Co. Profile Highlights:

Background: A partnership firm since 1949 (established in 1938). 76 years of existence.
Infrastructure: Head office in New Delhi with 6 branch offices in Noida, Mumbai, Sonepat, Zirakpur, and Greater Kailash.
Manpower: 11 partners. 6 partners/qualified paid assistants hold ISA/FAFD/IFRS qualifications. 18 full-time qualified paid assistants.
Financials: Average annual turnover for the last three years: ₹1,222.73 lakhs (2023-24: ₹922.17L, 2024-25: ₹1,364.15L, 2025-26: ₹1,381.87L).
Empanelment: Firm is empanelled with RBI, C&AG, ABC, TRAI, CBI, SFIO, UN Agencies (UNICEF, UNDP, UNFPA), IBA, Royal Authority of Bhutan, WHO, and others.
Experience: Extensive experience in auditing Banks, PSUs, NBFCs, Insurance Companies, and conducting audits for various UN agencies (UNDP, UNICEF, UNFPA). The firm has conducted statutory central audits of banks for 27 years and statutory branch audits for 39 years.
Partners: List of 11 partners includes CA. Rajiv Gupta (FCA), CA. Sanjiv Gupta (FCA), CA. Vipan Kumar (FCA), CA. Pawan K. Gupta (FCA, ISA), CA. Vinita Bindal (FCA), CA. Ankur Goyal (FCA, ISA), CA. Karan Gupta (FCA, FAFD), CA. Ashok Kumar Agarwal (FCA), CA. Nakul Gupta (FCA), CA. Niral Gupta (FCA), and CA. Prateek Gupta (ACA, ISA).

Company Contact Information:

Corporate Office: DLF Infinity Towers, Tower C, 12th Floor, Block 2, Building 3, DLF Cyber City, Gurugram - 122002, Haryana, India
Tel: 18001801290