Apoorva Leasing Finance sees Singhal & Gupta resign as statutory auditors
- M/s Singhal & Gupta resigns as statutory auditor effective September 4, 2026
- Firm cites commercial considerations and professional priority changes
- Last audit report for FY26 signed on May 30, 2026
- No disputes or information withholding reported by the auditors
*this image is generated using AI for illustrative purposes only.
Apoorva Leasing Finance & Investment Co Ltd has received the resignation of M/s Singhal & Gupta as its statutory auditors, effective September 4, 2026. The firm cited commercial considerations and changes in professional priorities as the reasons for stepping down.
The resignation was communicated pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. CIR/CFD/CMD1/114/2019 dated October 18, 2019. Managing Director Atul Singh Tyagi confirmed the intimation to the BSE Limited.
Auditor Details
M/s Singhal & Gupta, Chartered Accountants (FRN: 030703C), served as the statutory auditor for the period ending March 31, 2026. The last audit report for this period was signed on May 30, 2026.
| Detail | Information |
|---|---|
| Auditor Name | M/s Singhal & Gupta |
| Partner | Ankur Agarwal |
| Appointment Date | September 28, 2023 |
| Term Expiry | September 30, 2028 |
| Resignation Date | September 4, 2026 |
Resignation Context
The auditors stated there were no incidents involving concerns raised with the Audit Committee or Board of Directors prior to their resignation. They also confirmed that no information requested by them was withheld by management, and no material facts other than those disclosed remain relevant to the resignation.
Historical Stock Returns for Apoorva Leasing Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.98% | +5.19% | 0.0% | 0.0% | 0.0% | 0.0% |
Which firm has been appointed or is being considered as the new statutory auditor for Apoorva Leasing Finance?
How might this mid-term auditor resignation impact investor confidence and the company's stock price in the short term?
Are there any pending regulatory inquiries or compliance issues that could influence the selection of the next audit firm?
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