Kanungo Financiers has proposed the appointment of M/s. Suvarna & Katdare as its statutory auditors. The firm has provided consent and confirmed eligibility for the role.

The proposal will be considered by the Board of Directors at its forthcoming meeting. Approval is subject to compliance with the Companies Act, 2013 and SEBI Listing Regulations.

Regulatory Compliance

The intimation was issued on August 30, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It also adheres to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Auditor Details

M/s. Suvarna & Katdare is a firm of Chartered Accountants with registration number 125080W. The firm specializes in statutory audit, accounting, taxation, and corporate regulatory compliances.

The proposed appointment remains pending final board approval. The company will make requisite disclosures to stock exchanges upon approval.

Kanungo Financiers shareholders approved a preferential share swap issue and the acquisition of stakes in two logistics and mining firms during its Extra-Ordinary General Meeting held on August 21, 2026. The company also secured approval to increase its authorized share capital to ₹50 crore.

The meeting, conducted via video conferencing in compliance with Ministry of Corporate Affairs and SEBI regulations, saw attendance from 48 members. Mr. Mahendra Patel, Director, presided over the proceedings. NSDL facilitated remote e-voting for the resolutions. The meeting started at 3:00 pm and concluded at 3:31 pm.

Key Resolutions Approved

Shareholders approved several strategic moves aimed at expanding the company's operational footprint through acquisitions and capital restructuring.

The increase in authorized share capital involves a consequential alteration of the Memorandum of Association. The acquisition of Startech Infracom Logistics Private Limited and Peepal Mining and Logistics Private Limited represents a move into logistics and mining sectors respectively.

Voting Results

All five resolutions placed before the members were passed with 100% support. A total of 902,710 votes were cast by 41 members. There were no votes against any resolution and no invalid votes recorded.

The voting breakdown highlights strong support from both promoter and public shareholders:

Promoters held 204,100 shares as on the cut-off date of August 14, 2026, representing approximately 4.4% of the total outstanding shares of 46,34,000. They polled 104,100 votes, constituting 51% of their holding. Public non-institutional shareholders held 44,29,900 shares and polled 7,98,610 votes, representing 18.03% of their holding.

The remote e-voting period ran from August 18, 2026, to August 20, 2026. The Scrutinizer's Report was submitted by Ramesh Chandra Bagdi & Associates on August 22, 2026.

Share Swap Mechanics

The board approved the issuance of over 40 million new equity shares on a preferential basis. This issuance is structured as a share swap, meaning consideration will be provided other than cash, subject to applicable laws and regulatory approvals. This mechanism allows Kanungo Financiers to acquire assets or businesses without immediate cash outflow, diluting existing shareholders but potentially expanding the asset base.

Leadership Changes

Mr. Atul Ankush Marathe (DIN: 08158359) was appointed as the Managing Director of the company. The appointment was made on terms and conditions approved by the members during the EGM.