Fynx Capital Auditor Resigns, Audit Work Fully Current

Resignation effective October 26, 2026; Auditor confirms all audits through Q2 FY27 completed.

Reader Takeaway: Professional capacity issues triggered the exit; all financial reviews are clean with no pending audit matters.

What just happened

Fynx Capital Limited, formerly known as Rajath Finance Limited, has officially informed the exchange regarding the resignation of its statutory auditor, M/s. N. C. Vaishnav & Co. The resignation took effect on October 26, 2026. The firm was previously appointed for a five-year term during the Annual General Meeting held on September 27, 2024, which was expected to conclude in 2029.

Why this matters

Auditor resignations can often signal potential governance concerns to investors. However, M/s. N. C. Vaishnav & Co. explicitly stated in their resignation letter that their departure is due to "existing professional commitments and capacity constraints." Critically, the outgoing firm provided a formal confirmation that there are no other undisclosed circumstances or unresolved issues that stakeholders should be aware of.

Audit and Review Status

The outgoing auditor confirmed that their responsibilities have been fulfilled to date. This includes the completion of the statutory audit for the fiscal year ended March 31, 2026, and the limited review reports for the quarters ended June 30, 2026, and September 30, 2026. There is no audit or review work pending for these periods.

What to track next

The focus for shareholders now shifts to the company's upcoming board meeting or corporate announcement regarding the appointment of a successor auditor to fill the casual vacancy. Investors should monitor future exchange filings to identify the new firm and ensure the continuity of financial oversight.