Home First Finance India Ltd has appointed M/s. Batliboi & Purohit as Joint Statutory Auditors following its asset size crossing ₹15,000 crore. The company also saw director re-appointments and one non-approval, impacting board composition.

Home First Finance Appoints New Auditors, Board Sees Key Changes

Home First Finance Company India Ltd will see a change in its statutory auditors and a shift in its board composition. The company has appointed M/s. Batliboi & Purohit as its Joint Statutory Auditors, a move triggered by its asset size surpassing the ₹15,000 crore regulatory threshold. This appointment is effective for three years until the 2029 AGM.

What just happened

The company appointed M/s. Batliboi & Purohit as Joint Statutory Auditors due to crossing the ₹15,000 crore asset size. Ms. Geeta Dutta Goel was re-appointed as a Director for five years. Shareholders did not approve the re-appointment of Mr. Anuj Srivastava, who will vacate office in October 2026.

Why this matters

The auditor change is a regulatory compliance for growing NBFCs/HFCs. The mixed board outcomes, especially the non-approval of a director, signal potential governance shifts investors should monitor.

The backstory

Home First Finance is a housing finance company that has grown significantly. The regulatory requirement for joint auditors is triggered when assets exceed ₹15,000 crore, indicating the company's increasing scale of operations.

What changes now

The company will now have M/s. Batliboi & Purohit as Joint Statutory Auditors alongside existing auditors. Board leadership dynamics will evolve with the non-re-appointment of Mr. Srivastava.

Risks to watch

Shareholder sentiment on board appointments and potential impacts on corporate governance and strategic direction require close observation.

Peer comparison

Many large NBFCs and HFCs in India appoint joint auditors once they cross significant asset thresholds to comply with RBI norms and ensure robust financial scrutiny.

Context metrics (time-bound)

• Asset size crosses ₹15,000 crore threshold.
• New auditors appointed for a 3-year term until the 2029 AGM.
• Ms. Geeta Dutta Goel re-appointed for a 5-year term from November 1, 2026.
• Mr. Anuj Srivastava to vacate office on October 31, 2026.

What to track next

Investors should watch for any further announcements regarding board appointments or changes and the company's continued growth trajectory and regulatory compliance.