PMC Fincorp Limited has formally communicated to BSE Limited the successful appointment of M/s. Sunil K. Gupta & Associates, Chartered Accountants, as its new statutory auditor following shareholder approval at an Extra-Ordinary General Meeting (EGM) held on January 16, 2026. The formal intimation was submitted to the exchange on January 19, 2026, ensuring full regulatory compliance.

Regulatory Communication and Compliance

The appointment was formally communicated to BSE Limited through a comprehensive disclosure letter signed by Kailash, Company Secretary & Compliance Officer (Membership No.: ACS 51199). The communication fulfilled all requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and included references to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Appointment Details and Background

The statutory auditor appointment details are presented in the formal disclosure:

The appointment process began with the Board of Directors' meeting held on December 09, 2025, where the board approved the appointment based on recommendations from the Audit Committee, subject to shareholder approval at the EGM under Section 139 of the Companies Act, 2013.

Auditor Profile and Service Capabilities

According to the formal disclosure, M/s. Sunil K. Gupta & Associates started operations in 1980 from New Delhi and brings over 45 years of experience to PMC Fincorp. Mr. CA Mahesh Chandra Agarwal, a Fellow Member of the Institute of Chartered Accountants of India, is associated with the firm. The firm holds Peer Review Certification Number 015191.

The newly appointed statutory auditor offers comprehensive professional services including Risk Advisory, Tax and Regulatory compliance, Audit and Assurance Services, Legal & Secretarial Compliances, Fixed Assets and Inventory management, Onground Verification services, Forensic Audit and Investigation, ESG Planning Implementation and Monitoring, and Valuation services.

Corporate Structure

PMC Fincorp Limited operates with its Corporate Office located at Flat No. 201 & 202, 2nd Floor, Rattan Jyoti Building, 18, Rajendra Place, New Delhi-110008, while its Registered Office is situated at B-10, VIP Colony, Civil Lines, Rampur, U.P.-244901. The company holds CIN: L27109UP1985PLC006998 and trades on BSE under scrip code 534060.

PMC Fincorp Limited's Board of Directors has approved a major fundraising initiative through the issuance of fully convertible warrants worth ₹235.8 crores. The board meeting held on December 22, 2025, gave the green light for the issuance of up to 9 crore fully convertible warrants at ₹2.62 per warrant to non-promoter entities on a preferential basis.

Warrant Issue Details

The board approved the issuance of up to 9,00,00,000 fully convertible warrants to non-promoter entities on a preferential basis. Each warrant carries the right to subscribe to one equity share with a face value of Re. 1. The issue price has been determined at ₹2.62 per warrant, calculated in accordance with Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Proposed Allottee Distribution

The company has identified six proposed allottees for the warrant issue, with allocations varying significantly across different entities. Subhash Phootarmal Rathod will receive the largest allocation of 4,40,00,000 warrants, followed by Stellant Securities (India) Limited with 2,00,00,000 warrants.

Regulatory Compliance and Next Steps

The preferential issue has been structured in compliance with SEBI regulations and the Companies Act, 2013. The board has approved the draft notice for an Extraordinary General Meeting (EGM) to seek shareholder approval for this fundraising initiative. The company will provide intimation regarding conversion of securities or lapse of instrument tenure as and when required.

Meeting Proceedings

The Board of Directors meeting commenced at 12:50 PM and concluded at 1:50 PM on December 22, 2025. These decisions were made in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring proper disclosure to stakeholders and regulatory compliance. The company has informed BSE Limited about the meeting outcome through official communication.