Mega Fin India appoints Mathur & Co as statutory auditor after EGM approval
- Shareholders approved appointments of Mathur & Co. and Nishtha Khandelwal & Associates
- Both resolutions passed with 100% of votes polled in favour
- Total votes polled stood at 205,060, representing 2.51% of public shares
- EGM held on September 21, 2026 via video conferencing
*this image is generated using AI for illustrative purposes only.
Mega Fin (India) Limited shareholders unanimously approved the appointment of M/s. Mathur & Co. as statutory auditors and M/s. Nishtha Khandelwal & Associates as secretarial auditors at an Extra-Ordinary General Meeting on September 21, 2026.
The company declared final voting results confirming both ordinary resolutions passed with 100% of votes polled in favour. The meeting was conducted via video conferencing and other audio-visual means, with remote e-voting open from September 17 to September 20, 2026.
Voting Results
Shareholders holding shares as on the cut-off date of September 11, 2026, were eligible to vote. Out of 735 total shareholders on record, 19 members attended through video conferencing. No shareholders voted in person or via proxy.
The total number of votes polled was 205,060, representing 2.51% of the outstanding shares held by public non-institutions. Promoters and public institutions did not cast any votes.
| Resolution | Votes In Favour | Votes Against | Result |
|---|---|---|---|
| Appointment of Statutory Auditor | 205,060 | 0 | Passed |
| Appointment of Secretarial Auditor | 205,060 | 0 | Passed |
Both resolutions were passed by the requisite majority. The scrutinizer report confirmed that all electronic data and relevant records relating to e-voting were securely maintained.
Auditor Appointments
M/s. Mathur & Co., Chartered Accountants (Firm Registration No. 001952C), has been appointed as Statutory Auditors for a term commencing from the conclusion of the EGM until the conclusion of the ensuing Annual General Meeting. Established in 1983, the firm holds a valid Peer Review Certificate and confirmed compliance with Section 141 of the Companies Act, 2013.
M/s. Nishtha Khandelwal & Associates (Membership No. S2024MH989400) was appointed as Secretarial Auditor to conduct the audit for Financial Year 2025-26. Ms. Nishtha Khandelwal is registered with the Institute of Company Secretaries of India.
Governance Proceedings
Ajay Shankarlal Mittal, Chairman and Director, chaired the session. Independent Directors Archana Maheshwari and Hema Shah, along with Chief Financial Officer Mahesh Gajanan Mhatre, were present. Archana Maheshwari signed the disclosure submitted to BSE Limited under Regulation 30 of the SEBI Listing Regulations.
M/s Nishtha Khandelwal & Associates served as the independent scrutinizer, while Bigshare Services Pvt Ltd facilitated the e-voting platform. The votes were unblocked in the presence of two independent witnesses after the conclusion of the e-voting period.
How might the unanimous approval of new auditors signal to investors regarding Mega Fin's commitment to governance transparency amid low overall voter turnout?
What specific audit focus areas might M/s. Mathur & Co. prioritize given their appointment for the term leading up to the next Annual General Meeting?
Could the 2.51% voting participation rate indicate potential apathy among retail shareholders, and what steps might the board take to improve engagement in future meetings?
15
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
