Kumbhat Financial Services Limited has announced a board meeting on May 23, 2025, to address the resignation of its statutory auditor, PKF Sridhar & Santhanam LLP.

The auditor intends to resign after completing the audit for FY 2024-25 and the limited review for Q1 FY 2025-26, citing that the company's size and audit fees are no longer aligned with the firm's scope and capacity.

The decision is not due to any disagreements or issues with management, accounting policies, or disclosures.

The auditor confirmed commitment to a smooth transition and cooperation with the incoming auditor.