Bank of Maharashtra Appoints New Statutory Auditors for FY26
Bank of Maharashtra appointed four Chartered Accountant firms as Statutory Central Auditors for FY 2025-26. M/s. G D Apte & Co. and M/s. Manubhai & Shah LLP continue, while M/s Sagar & Associates and M/s S. Singhal & Co. are newly appointed.
The change in auditors is a standard regulatory requirement and typically has a minimal direct impact on the company's day-to-day operations or financial performance.
The appointment of auditors is a routine corporate governance activity and does not inherently indicate a positive or negative change in the company's performance or outlook.
Bank of Maharashtra has announced the appointment of four Chartered Accountant firms/LLPs as its Statutory Central Auditors (SCAs) for the financial year 2025-26, following approval from the Reserve Bank of India.
Two firms, M/s. G D Apte & Co. of Mumbai and M/s. Manubhai & Shah LLP of Ahmedabad, will continue as SCAs. Two new firms have been appointed: M/s Sagar & Associates from Hyderabad and M/s S. Singhal & Co. from Jaipur.
The announcement provides brief profiles of all four firms, detailing their establishment dates, number of partners, office locations, and extensive experience in audit and assurance services, including statutory audits, internal audits, taxation, forensic audits, and due diligence for various entities, particularly within the BFSI sector.
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Bank of Maharashtra filed this with the NSE as a statutory disclosure, categorised under auditor changes. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Bank of Maharashtra. Read the original for the full detail.