Aye Finance Appoints Gaurav Seth as CFO, MSKA & Associates as Statutory Auditors
Aye Finance Limited appointed Gaurav Seth as CFO and MSKA & Associates, LLP as Statutory Auditors for three years. Mr. Sovan Satyaprakash resigned as Interim CFO. The changes are effective from April 27-28, 2026, pending shareholder approval at the upcoming AGM.
The appointment of a new CFO and statutory auditors are crucial for the company's operations and governance. These changes can impact financial reporting accuracy and investor confidence, hence a medium impact.
The announcement details routine management and auditor changes. While the appointment of a new CFO and auditor is significant for corporate governance, there are no immediate financial performance indicators or strategic shifts mentioned that would indicate a strongly positive or negative sentiment.
Aye Finance Limited announced key changes following a Board Meeting held on April 27, 2026. Mr. Sovan Satyaprakash has resigned from his position as Interim Chief Financial Officer (Key Managerial Personnel) but will continue to serve as Head of Strategy & Product (Senior Management Personnel).
Concurrently, Mr. Gaurav Seth, previously the Head of Investor Relations, has been appointed 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 held CFO positions at IIFL Home Finance and Airtel Payments Bank.
The Board also approved the appointment of MSKA & Associates, LLP, Chartered Accountants, as the new Statutory Auditors of the Company. They will replace M/s S S Kothari Mehta & Co. LLP for a continuous period of three years, commencing from the conclusion of the 33rd Annual General Meeting (AGM) in 2026 until the conclusion of the 36th AGM in 2029. This appointment is subject to shareholder approval at the ensuing AGM and annual eligibility requirements. The tenure of the current auditors expires at the 33rd AGM in 2026.
The Board Meeting commenced at 11:00 A.M. IST and concluded at 1:35 P.M. IST.
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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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