Raama Finance Limited disclosed the resignation of its statutory auditor, M/s. Goyal Nagpal and Co., effective October 6, 2026. The chartered accountants cited an inability to devote the requisite resources, time, supervision, and professional attention necessary for the audit assignment.

The resignation stems from constraints in the availability of adequate experienced professional staff within the firm, coupled with existing professional commitments. Consequently, the auditors stated they could not conduct the statutory audit in accordance with applicable professional standards, regulatory requirements, and timelines.

Audit Tenure and Timeline

M/s. Goyal Nagpal and Co. had been appointed as statutory auditors on September 1, 2025, with a term scheduled to expire on March 31, 2028. The resignation occurred less than a year into their tenure. The latest audit-related document submitted by the firm was a limited review report for the quarter ended June 30, 2026, issued on August 14, 2026.

Regulatory Disclosure

The company filed this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III. The filing includes the detailed resignation letter and information required under SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026.

In the resignation letter, CA Virender Nagpal, Partner at Goyal Nagpal and Co., confirmed that there were no other material reasons for the resignation other than those provided. The firm requested to be relieved from its duties with immediate effect to allow the company to make suitable alternative arrangements for the completion of the statutory audit.

Raama Finance Limited held its 33rd Annual General Meeting (AGM) on September 30, 2026, adopting the audited standalone financial statements for the fiscal year ended March 31, 2026. The meeting, conducted via Video Conferencing (VC) and Other Audio-Visual Means (OAVM), also saw the reappointment of director Akhil Mittal.

A total of 59 members participated in the proceedings. Of these, 18 members attended through VC/OAVM, while 41 members were present in person or represented. The quorum required under the Companies Act, 2013 was duly present, allowing the meeting to proceed with the agenda items.

Key Resolutions Passed

The shareholders approved two primary ordinary resolutions during the session:

The first resolution covered the adoption of the Standalone Balance Sheet as at March 31, 2026, and the Standalone Statement of Profit and Loss for the year ended on that date, along with the Reports of the Board of Directors and Auditors.

Voting Results Breakdown

The combined scrutinizer's report, submitted by CS Chandan Jha of M/s. Chandan J & Associates, detailed the voting patterns across remote e-voting and e-voting at the venue. A total of 36 members cast their votes, representing 3,88,18,942 votes in aggregate.

Item 1: Adoption of FY26 Financial Statements

Item 2: Reappointment of Akhil Mittal

In both resolutions, votes cast remotely showed a small minority dissenting, while all votes cast at the venue were in favor. The percentage of total votes cast in favor exceeded the requisite majority for both ordinary resolutions.

Governance and Voting Procedures

The Board had appointed M/s. Chandan J & Associates, Practicing Company Secretaries, as the Scrutinizer to oversee the e-voting process. E-voting facilities provided by NSDL were available from September 27, 2026, to September 29, 2026. An additional window remained open for 15 minutes after the meeting's conclusion to allow late voting.

Akhil Mittal was elected as the Chairperson for the meeting. He accepted the role, noting that other directors present included the Chairmen of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee. The Company Secretary and Compliance Officer, Dhiraj Kumar Jha, managed the procedural aspects, including reading the Chairman's speech and facilitating the question-and-answer session.