Kanungo Financiers Limited held its Annual General Meeting on September 29, 2026, adopting the audited financial statements for the fiscal year ended March 31, 2026. The company also approved a significant corporate restructuring, including the shifting of its registered office from Gujarat to Mumbai.

The meeting, chaired by Mahendra Kumar Jagdeesh Patel, was conducted at the Ajanta Commercial Center in Ahmedabad. Remote e-voting facilities were provided through Central Depository Services (India) Limited between September 26 and September 28, 2026, in compliance with SEBI regulations.

Key resolutions passed

Shareholders approved several critical items during the session. The adoption of the Board’s report and audited accounts for FY26 was passed as an ordinary resolution. Additionally, Nikita Hiren Patel was re-appointed as a director following her retirement by rotation.

The following table outlines the key agenda items and their resolution types:

Corporate governance and auditor changes

The AGM addressed significant governance updates. The members approved the regularisation of Devesh Bhati and Garima Gupta as Independent Directors. Furthermore, the board’s proposal to appoint M/s Suvarna & Katdare Chartered Accountants as Statutory Auditors for FY27 was accepted to fill a casual vacancy arising from the resignation of the previous auditors.

Ramesh Chandra Bagdi & Associates were appointed as Secretarial Auditors. The special resolutions also covered approvals under Sections 185 and 186 of the Companies Act, 2013, which typically pertain to loans, investments, and guarantees.

Strategic relocation

A notable outcome of the meeting was the approval to shift the company’s registered office from the State of Gujarat to the State of Maharashtra, specifically Mumbai. This move may signal a strategic realignment or operational consolidation for the NBFC sector player.

Kanungo Financiers approved its unaudited financial results for the quarter ended June 30, 2026, during a board meeting held on August 14, 2026. The board also accepted the resignation of its statutory auditor, H S K & Co LLP, effective from the close of business on that date.

The meeting commenced at 5:00 pm and concluded at 6:15 pm. Directors reviewed other business activities alongside the financial approvals. No specific financial metrics such as revenue or net profit were disclosed in the immediate filing.

Auditor Resignation Details

H S K & Co LLP cited heavy pre-occupation with other professional audit commitments and operational bandwidth constraints as the reasons for stepping down. The firm was appointed as statutory auditor on September 25, 2024, with a term scheduled to expire at the conclusion of the company's Annual General Meeting in 2029.

The auditor confirmed there were no disagreements or unresolved matters relating to the company's accounts, operations, or governance that led to the resignation. It has submitted audit reports for the years ended March 31, 2024, March 31, 2025, and March 31, 2026, along with limited review reports for various quarters up to June 30, 2026.

Regulatory Filings

H S K & Co LLP stated it will complete the regulatory filing of Form ADT-3 with the Registrar of Companies within the prescribed timeline under Section 140(2) of the Companies Act, 2013. The company is expected to appoint a new auditor in accordance with applicable laws.