Dhanlaxmi Bank Appoints M/s. Abraham & Jose and M/s G Natesan & Co. as Joint Statutory Auditors
Dhanlaxmi Bank appointed M/s. Abraham & Jose and M/s G Natesan & Co. as Joint Statutory Central Auditors. The appointment was approved at the 99th AGM on September 23, 2026, for the period until the next AGM. RBI approval was obtained on July 23, 2026.
The appointment of statutory auditors is a routine compliance activity for listed companies. While necessary for governance, it does not typically have a direct, immediate, or significant impact on the company's financial performance or stock price.
The announcement is a routine corporate action regarding the appointment of auditors, which is a standard compliance requirement and does not inherently carry positive or negative financial implications.
Dhanlaxmi Bank Limited announced the appointment of M/s. Abraham & Jose, Chartered Accountants, Thrissur, and M/s G Natesan & Co., Chartered Accountants, Chennai, as Joint Statutory Central Auditors. This decision was approved by the Bank's shareholders at the 99th Annual General Meeting held on September 23, 2026.
The appointment is for the period commencing from the conclusion of the 99th Annual General Meeting up to the conclusion of the next Annual General Meeting of the Bank. The Bank had obtained prior approval from the Reserve Bank of India for this appointment on July 23, 2026.
M/s. Abraham & Jose brings 53 years of audit experience, including 30 years as Statutory Central Auditors, with a history of auditing various public and private sector banks. M/s. G Natesan & Co. has 75 years of audit experience, including 5 years as Statutory Central Auditors, and has served as auditors for Indian Bank and the erstwhile State Bank of Hyderabad. Both firms have confirmed their eligibility for the appointment as per the Companies Act, 2013, and RBI guidelines.
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Dhanlaxmi Bank Limited 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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