Statutory Auditor Goyal Nagpal & Co. tenders resignation with effect from October 06, 2026

Raama Finance Ltd has informed the exchanges that its Statutory Auditor has tendered resignation.

Wed 7 Oct 2026

Auditor resignation effective date

October 06, 2026

Statutory auditor appointment date

01.09.2025

Scheduled term expiry date

31.03.2028

The company has informed the exchanges that its Statutory Auditor has stepped down.

What happened

• M/s. Goyal Nagpal and Co., Chartered Accountants, New Delhi, tendered resignation from the position of Statutory Auditor of Raama Finance Limited.
• The resignation is with effect from October 06, 2026, and the company's disclosure is dated October 07, 2026.
• In the company's Annexure giving the required particulars, the change is described as a resignation, and the date of cessation is shown as 06.10.2026.

Why the auditor resigned

• The firm's reason is constraints in the availability of adequate experienced professional staff within the firm, coupled with its existing professional commitments.
• It states it is presently unable to devote the requisite resources, time, supervision and professional attention necessary to conduct the statutory audit assignment in accordance with the applicable professional standards, regulatory requirements and timelines.
• The firm states it considered it appropriate to resign with immediate effect so that the company may make suitable alternative arrangements for the conduct and completion of the statutory audit.

Details of the auditor's association with the company

• Date on which the statutory auditor was appointed: 01.09.2025.
• Date on which the term of the statutory auditor was scheduled to expire: 31.03.2028.
• Prior to resignation, the latest report submitted by the auditor was the limited review report for the quarter ended June 30, 2026, issued on August 14, 2026.

What the resignation letter declares

• The auditor confirms that the information given in the letter and its attachments is correct and complete.
• The auditor confirms there is no other material reason, other than those provided, for the resignation.
• Against the questions on whether any concerns were raised before resignation, including approaching the Audit Committee or the Board of Directors, and on whether any requested information was not provided, the auditor has marked Not Applicable.

How an investor might read this

• A statutory auditor signs off on a company's financial statements, so an auditor's exit is a change worth noting and is a matter the market typically watches.
• In this case, the reason recorded by the audit firm relates to its own staffing and professional commitments, and the firm has confirmed there is no other material reason for stepping down.
• The company will need to appoint another firm to conduct and complete the statutory audit.

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