U.Y. Fincorp Limited has disclosed the resignation of its internal auditors, M/s R. K. Lodha & Associates, Chartered Accountants (Firm Registration No. 316194E), who were appointed as Internal Auditors for the Financial Year 2026-27.
The resignation was tendered via letter dated July 23, 2026, and is effective immediately from the close of business hours on July 23, 2026.
The reason for resignation provided by R. K. Lodha & Associates was "pre-occupation in other assignments" which prevented them from devoting time to the company's affairs.
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A(7) of Part A of Schedule III of the Listing Regulations, SEBI Circular No. SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 dated July 13, 2023, and Master Circular No. SEBI/HO/CFD/POD2/CIR/P/0155 dated November 11, 2024.
The company has enclosed Annexure-A with requisite details as required by the regulations, along with copies of the resignation letter received from the auditors.
The resignation letter from R. K. Lodha & Associates expressed gratitude to the Audit Committee, Board, and senior management team for their support and guidance during their tenure, mentioning their work on internal audit function, risk assessments, and strengthening internal controls and governance frameworks.
No disputes, disagreements, or adverse remarks were mentioned in the resignation letter. The company confirmed that R. K. Lodha & Associates shall no longer be associated with the company in the capacity of Internal Auditors.
The disclosure was signed by Dinesh Burman, Executive Director (DIN: 00612904), on behalf of U.Y. Fincorp Limited.
Financial Impact
Financial impact not quantified in the disclosure.