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.

Kanungo Financiers has scheduled its annual general meeting (AGM) for Tuesday, September 29, 2026. The board meeting held on September 4, 2026, approved key corporate actions including the appointment of two new independent directors and a proposal to shift the registered office from Gujarat to Maharashtra.

The meeting will be held at B/7, 'B' Wing, 5th Floor, Ajanta Commercial Center, Income Tax, Ashram Road, Ahmedabad, starting at 1:00 pm. Alongside the AGM logistics, the board approved the Directors' Report for the financial year ended March 31, 2026.

Director Appointments

The board approved the appointment of two new independent directors, subject to shareholder approval at the upcoming AGM:

• Mr. Devesh Bhati (DIN: 07415367): A Company Secretary with over five years of experience in corporate compliance, secretarial audits, and governance advisory. He has been appointed for a first term of five consecutive years.
• Mrs. Garima Gupta (DIN: 07494553): A Chartered Accountant with approximately eight years of experience in accounting, auditing, taxation, and financial reporting. She will also serve for an initial five-year term.

Both appointees have no shareholding in the company and are not related to existing directors. Neither is debarred by SEBI or any other authority.

Registered Office Shift

A significant governance change approved by the board is the proposal to shift the registered office from the state of Gujarat to Maharashtra. This move requires shareholder approval at the ensuing general meeting, along with necessary permissions under the Companies Act, 2013.

Statutory Auditor Appointment

The board noted the appointment of M/s. Suvarna & Katdare, Chartered Accountants, as statutory auditors to fill the casual vacancy caused by the resignation of the previous auditors. This appointment is also subject to member approval at the AGM.

Additional AGM Agenda Items

The notice of the AGM outlines several special business items requiring shareholder approval:

• Secretarial Auditor Appointment: Appointment of M/s. Ramesh Chandra Bagdi & Associates as Secretarial Auditors for five consecutive years from FY25-26 to FY29-30.
• Section 185 Approval: Consent to provide loans, guarantees, or securities up to an overall limit of ₹100 crore to persons or entities in whom directors are interested, for their principal business activities.
• Section 186 Approval: Consent to make investments, loans, guarantees, or securities up to an aggregate limit of ₹100 crore, notwithstanding limits prescribed under Section 186(2) of the Companies Act, 2013.
• Re-appointment of Director: Re-appointment of Ms. Nikita Hiren Patel, who retires by rotation.

Financial Performance FY26

Kanungo Financiers reported a net profit after tax (PAT) of ₹63.05 lakh for FY26, compared to ₹23.55 lakh in FY25. Total income stood at ₹178.03 lakh, driven entirely by other income (interest income), as revenue from operations remained nil. Finance costs decreased significantly to ₹76.52 lakh from ₹114.95 lakh in the previous year.

The company’s total assets declined to ₹966.74 lakh from ₹2,887.45 lakh in FY25, primarily due to a reduction in loans given (₹867.19 lakh vs ₹2,824.36 lakh). Borrowings also fell sharply to ₹267.46 lakh from ₹2,256.48 lakh, improving the gearing ratio to 0.33 from 3.59.

E-Voting Details

Shareholders holding shares as on the cut-off date of September 22, 2026, can cast their votes electronically. The e-voting period commences on Saturday, September 26, 2026, at 9:00 am and ends on Monday, September 28, 2026, at 5:00 pm. The book closure period is from September 23, 2026, to September 29, 2026 (both days inclusive).

The board meeting commenced at 5:00 pm and concluded at 6:30 pm. The intimation was signed by Director Mahendra Kumar Jagdeesh Patel.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE453S01015/a15882c3-c753-4ba7-92b2-c121a1515b4e.pdf