Optimus Finance 35th AGM: Auditor Change and Board Appointments

Optimus Finance Ltd has scheduled its 35th Annual General Meeting for September 30, 2026, to address key governance and operational matters.

Reader Takeaway: Shareholders will vote on a new five-year auditor appointment and Rs 50 crore in related-party transactions.

What just happened

Optimus Finance has released its notice for the 35th AGM to be held via video conferencing. The agenda includes the adoption of the FY26 financial statements, multiple director appointments, and the formal selection of a new statutory auditor, M/s. Ambalal M. Shah & Co., for a five-year term.

Why this matters

The appointment follows the resignation of the previous auditor, M/s. Shah Mehta and Bakshi, which occurred on August 26, 2026. The company noted that the departure was driven by a disagreement over audit fee structures. Shareholders will also vote on special resolutions regarding material related-party transactions with group entities, including Maximus International Limited and Sukruti Infratech Private Limited, involving a total limit of Rs 50 crore across FY27 and FY28.

What changes now

Following the vote, the board will see leadership continuity with the re-appointment of Mr. Dipak Raval as Whole-Time Director and Ms. Divya Zalani as an Independent Director. Additionally, Mr. Ramesh Kheradia is proposed to join as a new Independent Director. These changes are part of the broader governance roadmap presented to shareholders.

What to track next

Investors should monitor the voting results for the related-party transaction limits and the formal transition of the audit mandate to ensure compliance and cost management within the specified financial objectives.