Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, Mangalam Industrial Finance has informed that Mahesh Udhwani & Associates, Chartered Accountants (Firm Registration No. 129738W), have tendered their resignation as the Statutory Auditors of the Company, effective May 14, 2026. In their resignation letter dated May 14, 2026, the auditors have cited their inability to continue as the Statutory Auditors for the reasons specified therein. A copy of the resignation letter, along with Annexure-I as received from Mahesh Udhwani & Associates, is attached. The company has clarified that the delay in submitting the aforementioned disclosure within the prescribed timeline was due to an inadvertent and unintentional administrative oversight. There was absolutely no intention to withhold any material information from the shareholders, investors, or the Stock Exchange. The details as required under Schedule Ill - Para A (7) and (7A) of Part A of Regulation 30 of The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed in Annexure I. The Company shall take necessary steps to appoint a new Statutory Auditor to fill the casual vacancy caused due to resignation of Mahesh Udhwani & Associates, Chartered Accountants, and the same will be intimated to the Stock Exchange in due course. The above information shall also be made available on the Company’s website www.miflindia.com.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 961.30 |
| Shriram Finance | 1002.45 |
| Aditya Birla Capital | 375.90 |
| Chola Invest & Fin. | 1694.70 |
| Tata Capital | 371.55 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: