Repco Home Finance Appoints Rajagopal & Badri Narayanan as Joint Statutory Auditors for 3 Years
Repco Home Finance Limited appointed M/s. Rajagopal & Badri Narayanan as Joint Statutory Auditors. The appointment, approved at the 26th AGM on September 29, 2026, is for three years until the 29th AGM. This is in compliance with RBI guidelines for NBFCs with assets over ₹15,000 crore.
The appointment of auditors is a standard corporate governance procedure. While necessary, it typically has a minimal direct impact on the company's day-to-day operations or financial outcomes unless specific issues arise with the auditors.
The appointment of joint statutory auditors is a routine compliance measure required by regulatory guidelines and does not inherently indicate a positive or negative development for the company's financial performance or operations.
Repco Home Finance Limited (RHFL) announced the appointment of M/s. Rajagopal & Badri Narayanan, Chartered Accountants, as Joint Statutory Auditors. This decision was approved by the company's members at the 26th Annual General Meeting held on 29th September, 2026, via Video Conference (VC)/Other Audio Visual Means (OAVM).
The appointment is for a term of three consecutive years, commencing from the conclusion of the 26th Annual General Meeting until the conclusion of the 29th Annual General Meeting.
This joint audit is mandated by Reserve Bank of India (RBI) Guidelines for Non-Banking Financial Companies (NBFCs) including Housing Finance Companies (HFCs) with an asset size of ₹15,000 crore or more as at the end of the previous financial year. As RHFL's asset size exceeded ₹15,000 crores as of 31st March, 2026, the company is required to comply with these joint audit requirements.
M/s. Rajagopal & Badri Narayanan is a Chartered Accountant firm established in 1981, with 6 full-time partners and approximately 35 years of audit experience. Their expertise spans internal and operational audits, taxation, business valuations, financial compliance, and due diligence reviews.
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Repco Home Finance 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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