Sanchay Finvest Ltd Replaces Internal Auditor for FY27

Sanchay Finvest Ltd replaced its internal auditor for FY27 after M/s. S K B J P & Co. resigned effective August 21, 2026. The replacement formed part of a wider set of board decisions on August 26 that included three director appointments, two independent-director exits and the reappointment of its whole-time director.

Why did Sanchay Finvest change its internal auditor?

Sanchay Finvest changed its internal auditor after M/s. S K B J P & Co. resigned from the role, citing pre-occupation and other professional commitments. The resignation took effect on August 21, 2026, and the company notified the Bombay Stock Exchange on August 22 under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations.

The firm had been appointed as internal auditor for FY 2026-27 on May 28, 2026. The resignation communication was submitted by Satish Bokhia, a partner of the chartered accountancy firm. According to the disclosed information, the outgoing auditor offered to cooperate in handing over records and information to support a smooth transition.

The company initially said that management was in the process of appointing a successor in accordance with applicable provisions. This is relevant because internal audit is part of a listed company’s governance and control framework, particularly for reviewing internal processes and financial controls.

Who has been appointed as the new internal auditor?

Sanchay Finvest appointed M/s. K S Jain and Associates, Chartered Accountants, as internal auditor for FY 2026-27. The board approved the appointment on August 26, 2026, based on the recommendation of the Audit Committee, replacing M/s. S K B J P & Co. after its resignation.

M/s. K S Jain and Associates has firm registration number 118066W. The company’s disclosures describe the firm as having experience in internal audit, taxation, goods and services tax, corporate finance and IRFS. The appointment covers the financial year 2026-27 and was effective from August 26, 2026.

The sequence means that the auditor transition was addressed within days of the August 21 effective resignation date. The available disclosures do not report any separate dispute between the company and the outgoing internal auditor. The stated reason for the exit was the audit firm’s professional commitments.

What board changes did Sanchay Finvest approve on August 26?

Sanchay Finvest approved the appointment of Rohit Mishra and Gaurang Karmakar as additional independent directors for five-year terms, subject to shareholder approval. It also appointed Lily Mundu as a non-executive, non-independent director.

At the same meeting, the board accepted the resignations of Nikhil Mathur and Milan Shah as non-executive independent directors with effect from August 26, 2026. Both cited personal and professional commitments and confirmed that there were no other material reasons for stepping down, according to the company’s disclosures.

The company also reappointed Sarthak Sharma as whole-time director for five years, through August 25, 2031. These decisions combined auditor replacement, board restructuring and executive continuity in one set of governance actions.

What is the company’s recent financial and governance background?

Sanchay Finvest is a corporate trading member of the National Stock Exchange of India. Its recent disclosures indicate that the company reported total revenue of about ₹2.50 lakh in FY26 and a net loss of ₹1.41 crore for the year.

The FY26 audit report carried qualifications related to expected-credit-loss provisions, reconciliations and the classification of trade payables. These disclosed matters provide context for the importance of maintaining audit and governance arrangements, although the available information does not link the internal auditor’s resignation to those audit qualifications.

Separately, Sanchay Finvest proposed appointing M/s. Shravan A. Gupta & Associates as secretarial auditor for an initial five-year term from FY 2026-27 to FY 2030-31, subject to shareholder approval at the annual general meeting. A secretarial auditor has a separate role from an internal auditor and reviews compliance with applicable corporate and securities laws.

How do these changes matter to investors and operations?

Sanchay Finvest’s disclosures show that the internal-auditor vacancy was followed by an appointment within the same month. For investors, the key factual point is that M/s. K S Jain and Associates was appointed for FY 2026-27 after the predecessor exited for stated professional reasons.

The wider board changes alter the composition of the company’s independent and non-independent director group. The appointments of two additional independent directors remain subject to shareholder approval, while the reappointment of the whole-time director extends executive continuity to August 2031.

No share-price movement, customer impact or operational disruption related to these changes was provided in the source material. The disclosed developments are therefore principally governance and compliance matters, rather than evidence of a reported change in the company’s trading-member operations.

Conclusion

Sanchay Finvest completed a rapid internal-auditor transition after M/s. S K B J P & Co. resigned effective August 21, 2026. The appointment of M/s. K S Jain and Associates for FY 2026-27 came alongside the exit of two independent directors, the addition of three directors and Sarthak Sharma’s five-year reappointment as whole-time director.

The next disclosed governance milestones are shareholder consideration of the additional independent-director appointments and the proposed five-year appointment of M/s. Shravan A. Gupta & Associates as secretarial auditor. Investors can also monitor future exchange filings for updates on the company’s FY26 audit qualifications, financial performance and implementation of these board decisions.