Sodhani Academy of Fintech Enablers Limited has disclosed the resignation of its statutory auditors, M/s. J C Kabra & Associates, effective July 28, 2026. The change in audit firm requires the company to appoint a new statutory auditor to ensure continuity in financial reporting and compliance with regulatory standards. The resignation was communicated to the Bombay Stock Exchange (BSE) under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The audit firm cited "pre-occupation with other professional commitments" as the primary reason for stepping down from the role. In its resignation letter dated July 28, 2026, M/s. J C Kabra & Associates stated that it found it appropriate to resign due to these conflicting professional obligations. The firm confirmed that there were no other material reasons for the resignation and that no concerns had been raised with the Audit Committee or Board of Directors prior to this decision.

M/s. J C Kabra & Associates was originally appointed by the members on August 9, 2023. Their term was scheduled to last for five years, covering the period from the conclusion of the 13th Annual General Meeting until the conclusion of the 18th Annual General Meeting of the company. Prior to their resignation, the firm submitted its latest audit report dated May 13, 2026, which covered the company’s standalone financial statements and results for the fiscal year ended March 31, 2026.

The disclosure includes details required under SEBI Circular no. CIR/CFD/CMD1/114/2019 dated October 18, 2019, and SEBI Circular no. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. These regulations mandate listed entities to promptly inform stock exchanges of any changes in statutory auditors, along with the reasons for such changes.

Key Details of Auditor Resignation

The company’s Company Secretary, Monika Agarwal, signed the intimation letter to the General Manager of BSE Limited’s SME Division. The firm has requested the Board of Directors to take note of the resignation and complete the necessary statutory filings as required under the Companies Act, 2013. Shareholders should monitor subsequent announcements regarding the appointment of a new statutory auditor to oversee future financial audits.

Rajesh Kumar Sodhani HUF acquired 500 equity shares of Sodhani Academy of Fintech Enablers Limited on June 3, 2026, increasing the promoter group's stake in the company. The transaction was executed via the open market and represents 0.01% of the total issued and paid-up equity share capital. This acquisition raises the total shareholding of the promoter group to 14,25,100 equity shares, which constitutes 25.02% of the company's paid-up share capital.

The disclosure was submitted to the stock exchanges on June 4, 2026, in compliance with Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to the acquisition, the entity held 14,24,600 equity shares, accounting for 25.01% of the total paid-up share capital. The total equity share capital of the company stands at 5,69,50,000 equity shares of ₹10 each.

Transaction Details