Uy Fincorp has appointed new internal and statutory auditors to fill casual vacancies caused by the resignation of its previous audit firms. The Board of Directors approved the appointments at a meeting held on July 24, 2026, ensuring continuity in the company’s financial oversight for the upcoming fiscal year.

M/s Seth and Associates, Chartered Accountants (Firm Registration No. 001167C), was appointed as the Internal Auditor with effect from July 24, 2026, for the financial year 2026-27. This appointment replaces M/s R. K. Lodha & Associates, Chartered Accountants (Firm Registration No. 316194E), who resigned from the position.

Simultaneously, the Board appointed M/s Praveen K Srivastava & Co, Chartered Accountants (Firm Registration No. 013251C), as the Statutory Auditor. Their tenure begins on July 24, 2026, and continues until the conclusion of the ensuing Annual General Meeting. This appointment fills the vacancy left by M/s B. Nath & Co., Chartered Accountants (Firm Registration No. 307057E).

Both appointments were made based on the recommendation of the Audit Committee. The company disclosed these changes in compliance with Regulation 30 read with Para A(7) of Part A of Schedule III of the Listing Regulations, 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.

Auditor Profiles

M/s Seth and Associates was established in 1975 and serves clients across various segments including Paper, Real Estate, Information Technology, FMCG, and Telecom. The firm focuses on strategic inputs beyond core audit and taxation.

M/s Praveen K Srivastava & Co was established in 2005 by CA Praveen Kumar Srivastava. The firm operates from offices in Lucknow, Ghaziabad, Prayagraj, and Raipur, with six partners and more than 25 qualified professionals. It serves government departments, Public Sector Undertakings, corporate entities, MSMEs, trusts, and societies.

Board Meeting Details

The Board meeting commenced at 4:00 P.M. and concluded at 4:30 P.M. on July 24, 2026. Dinesh Burman, Executive Director (DIN: 00612904), authorized the disclosure to the stock exchanges.

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.