Visagar Financial Services has approved the appointment of CA Riddhi Kishor Trivedi as its statutory auditor for a five-year term. The Board of Directors made the recommendation on September 7, 2026, based on advice from the Audit Committee.

The appointment is subject to shareholder approval at the ensuing Annual General Meeting. The firm will serve for a first term of five consecutive years, commencing from the conclusion of the 33rd AGM until the conclusion of the 38th AGM.

Auditor Profile

CA Riddhi Kishor Trivedi is a practicing Chartered Accountant with membership number 611547. She brings five years of post-qualification experience in statutory auditing, taxation, financial planning, and corporate compliance. Based in Mumbai, she provides advisory services to corporate entities, small and medium enterprises, and individual clients.

The registered office of the firm is located at 106 Jamuna, Ganga Jamuna CHS, SV Road, Opposite Namita Hospital, Dahisar East, Mumbai-400068. The auditor has confirmed that any re-appointment will adhere to the conditions prescribed under Sections 139 and 141 of the Companies Act.

Regulatory Disclosure

The company disclosed this development pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also references 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.

There are no disclosed relationships between the auditor and the directors of the company.

Visagar Financial Services Limited reported a widened net loss of ₹234.35 crore for the financial year ended March 31, 2026, compared to a loss of ₹35.94 crore in the previous year. Total income from operations for FY26 increased to ₹1,160.17 crore from ₹993.28 crore in FY25. For the quarter ended March 31, 2026, the company recorded a net loss of ₹96.19 crore, with total income from operations standing at ₹274.51 crore.

The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, at a meeting held on May 30, 2026. The filing was made in compliance with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Director Tilokchand Kothari signed the submission.

The company's equity share capital remained unchanged at ₹5,839.16 crore for the period ended March 31, 2026. The basic and diluted earnings per share (EPS) for FY26 were reported at (₹0.04), compared to (₹0.01) in the previous year. For the quarter ended March 31, 2026, the EPS stood at (₹0.02).

The trading window for dealing in the company's securities by specified persons, which had been closed since April 1, 2026, will reopen 48 hours after the financial results are made public.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE309H01038/b6a4a958-dddc-40e5-a46b-e17a3204db10.pdf