Viji Finance Limited: Statutory Auditors Dharmendra K Agarwal & Co. Resign
Viji Finance Limited's statutory auditors, Dharmendra K Agarwal & Co., have resigned effective August 22, 2026. The auditors cited geographical distance and business growth as reasons. The company will fill the casual vacancy, and the auditors have completed the audit for the quarter ended June 30, 2026.
A change in statutory auditors, especially mid-term, can cause some disruption and requires a process for appointing new auditors and potentially re-auditing or familiarizing new auditors with the company's accounts. This can have a moderate impact on the company's operations and investor perception until a new auditor is appointed and settles in.
The resignation of statutory auditors is a routine event that requires disclosure. While it necessitates a change in auditors, the announcement does not contain information that inherently suggests a positive or negative outlook for the company's financial performance or operations. The reasons provided are logistical and not indicative of any specific issues with the company's financial health.
Viji Finance Limited has announced the resignation of its statutory auditors, Dharmendra K Agarwal & Co., Chartered Accountants (Firm Registration No. 025525C), effective August 22, 2026. The resignation communication was received by the company via email on August 22, 2026, and reviewed on August 24, 2026.
Upon review, the company found that the initial resignation communication lacked detailed reasons as required by SEBI regulations. Viji Finance Limited contacted the auditors to obtain the necessary detailed reasons, which are now enclosed with the disclosure to the stock exchanges. The Audit Committee and Board of Directors will consider the resignation at their upcoming meetings and will take steps to fill the resulting casual vacancy in accordance with the Companies Act, 2013, and SEBI Listing Regulations.
The auditors, Dharmendra K Agarwal & Co., cited significant growth and expansion in the company's business operations, coupled with the considerable geographical distance between their office and the company's operational locations, as reasons for their resignation. They stated that it has become increasingly difficult to undertake regular visits and devote the necessary time and resources for effective discharge of their responsibilities.
The auditors were appointed at the 30th Annual General Meeting on September 30, 2024, for a term of five consecutive financial years, concluding at the 35th AGM in the calendar year 2029. They confirmed that they had completed the statutory audit for the quarter ended June 30, 2026, with the latest limited review report submitted on July 14, 2026. They have undertaken to file the requisite statement in Form ADT-3 with the Registrar of Companies and to extend full cooperation to the company and the incoming statutory auditors.
What to do with a filing like this
Viji Finance Limited filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Viji Finance Limited. Read the original for the full detail.