U.Y. Fincorp Limited announced on July 23, 2026, that M/s R. K. Lodha & Associates, Chartered Accountants, has resigned as its internal auditor. The resignation is effective immediately from the close of business hours on July 23, 2026. The firm, which was appointed for Financial Year 2026-27, cited pre-occupation in other assignments as the reason for its departure, indicating it could no longer devote sufficient time to the company’s affairs.

The intimation was filed with the Bombay Stock Exchange and the National Stock Exchange pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure also complies with SEBI Circular No. SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 dated July 13, 2023, and Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Dinesh Burman, Executive Director of U.Y. Fincorp Limited, signed the communication to the exchanges. The filing includes Annexure-A detailing the resignation and a copy of the resignation letter received from the audit firm. M/s R. K. Lodha & Associates holds Firm Registration No. 316194E.

Resignation Details

In its resignation letter addressed to the Board of Directors and the Audit Committee, M/s R. K. Lodha & Associates expressed gratitude for the support received from the senior management team. The firm noted that it had been a privilege to oversee the internal audit function, manage risk assessments, and contribute to strengthening the company’s internal controls and governance frameworks.

The departure of an internal auditor requires the company to appoint a replacement to ensure continuous compliance with regulatory standards. No successor has been named in this filing.

U.Y. Fincorp Limited has announced the resignation of its statutory auditors, M/s B Nath & Co., Chartered Accountants, effective July 23, 2026. The departure creates a casual vacancy in the statutory audit role, requiring the company to appoint a new firm to ensure compliance with regulatory timelines for financial reporting. This change in audit oversight may impact the timeline for future audit deliverables and signals a divergence in expectations regarding audit remuneration relative to the company’s expanding operational footprint.

The resignation was formalized through a letter dated July 23, 2026, signed by Gaurav More, Partner at B Nath & Co. The firm stated that discussions regarding statutory audit fees for the financial year ending March 31, 2027, did not yield a resolution. Consequently, the existing fees were deemed not commensurate with the time and effort required to conduct the audit engagement.

Regulatory Disclosures

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, read with Para A(7) of Part A of Schedule III, the company disclosed the details of the resignation to the stock exchanges. The disclosure aligns with SEBI Circular No. SEBI/HO/CFD/CFD-POD-1/P/CIR/2023/123 dated July 13, 2023, and Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Key Details of Resignation

Operational Context

B Nath & Co. was originally appointed for a five-year term covering financial years 2023-24 to 2027-28 at the Annual General Meeting held on September 30, 2023. Prior to this resignation, the firm submitted the Statutory Audit Report for the financial year ended March 31, 2026, and the Limited Review Report for the quarter ended March 31, 2026, dated May 27, 2026.

The auditor highlighted that the growing scale of operations and the increasing complexity of the business environment, including applicable RBI Scale Based Regulations and other regulatory compliances, necessitated greater audit resources than previously anticipated. The company confirmed it will take necessary steps to appoint a new statutory auditor to fill the casual vacancy and will intimate the stock exchanges accordingly.