Aye Finance Appoints Gaurav Seth as CFO, Changes Auditors
Aye Finance Limited appointed Gaurav Seth as CFO, effective April 28, 2026. Mr. Sovan Satyaprakash resigned as Interim CFO on April 27, 2026, to continue as Head of Strategy & Product. MSKA & Associates, LLP appointed as Statutory Auditors for three years, subject to shareholder approval at the upcoming AGM.
Changes in key managerial personnel like the CFO and the appointment of statutory auditors are significant corporate events that can impact investor confidence and regulatory compliance, warranting a medium impact assessment.
The announcement involves routine management changes and auditor appointments, which are standard corporate actions and do not inherently indicate a positive or negative shift in the company's performance or outlook.
Aye Finance Limited announced key management changes and auditor appointments following a Board of Directors meeting held on April 27, 2026.
Mr. Sovan Satyaprakash has resigned from his position as Interim Chief Financial Officer (Key Managerial Personnel), effective April 27, 2026 (End of Day). He will continue to serve the company as Head of Strategy & Product (Senior Management Personnel).
The Board has appointed Mr. Gaurav Seth as the new Chief Financial Officer (Key Managerial Personnel and Senior Management Personnel), effective April 28, 2026. Mr. Seth is a qualified chartered accountant with over 27 years of experience in the BFSI sector, having previously served as CFO at IIFL Home Finance and Airtel Payments Bank.
Furthermore, the company has appointed MSKA & Associates, LLP, Chartered Accountants, as the new Statutory Auditors for a continuous period of three years, replacing M/s S S Kothari Mehta & Co. LLP. The appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM). The tenure of the existing auditors expires at the conclusion of the 33rd AGM in 2026.
The Board meeting commenced at 11:00 A.M. IST and concluded at 1:35 P.M. IST.
What to do with a filing like this
Aye Finance Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Aye Finance Limited. Read the original for the full detail.