RGF Capital Markets Auditor Resigns Over Proprietor Health

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AuthorAarav Shah|Published at:
RGF Capital Markets Auditor Resigns Over Proprietor Health
Overview

RGF Capital Markets Limited's statutory auditor, Beriwal & Associates, has resigned citing the proprietor's old age and health conditions. The resignation is effective March 27, 2026, and the company will now initiate the process to appoint a new statutory auditor.

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RGF Capital Markets Limited announced that its statutory auditor, Beriwal & Associates, has resigned. The firm's resignation is effective March 27, 2026.

The auditor cited the proprietor's old age and health condition as the sole reasons for stepping down, confirming no other material factors were involved.

Changes in statutory auditors, even when due to personal reasons like health, can sometimes influence investor sentiment. Ensuring a smooth transition for financial reporting and maintaining governance standards will be key for RGF Capital Markets.

Beriwal & Associates was appointed as RGF Capital Markets' statutory auditor on September 30, 2024. This appointment followed the earlier resignation of Murmuria & Associates in August 2024, with Beriwal & Associates stepping in to fill that vacancy.

RGF Capital Markets will now begin the process of appointing a new statutory auditor, as required by the Companies Act, 2013. This process involves board meetings and filings with the Registrar of Companies (ROC). The company aims for a seamless handover to the new audit firm.

This auditor change occurs amidst recent corporate developments, including stake acquisitions by Trupti Management Services and Rajshree Shah in February 2026.

Beriwal & Associates was appointed on September 30, 2024. The resignation becomes effective March 27, 2026, cutting short a term that was scheduled to conclude following the Company's Annual General Meeting in 2029.

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