Aye Finance Appoints Gaurav Seth as New Chief Financial Officer; MSKA & Associates Appointed Statutory Auditors
Aye Finance Ltd. announced significant changes to its leadership and audit structure following its Board meeting on April 27, 2026. The company confirmed the resignation of Mr. Sovan Satyaprakash from the role of Interim Chief Financial Officer, simultaneously appointing Mr. Gaurav Seth as the new Chief Financial Officer (CFO). Additionally, the Board approved the appointment of MSKA & Associates, LLP, Chartered Accountants, as the Statutory Auditors for the next three years.Mr. Sovan Satyaprakash, who resigned as Interim Chief Financial Officer (Key Managerial Personnel), will continue to serve with the company in a capacity as Head of Strategy & Product (Senior Management Personnel).
The appointment of Mr. Gaurav Seth marks the company’s leadership transition in the finance department. Mr. Gaurav Seth, a qualified chartered accountant, brings over 27 years of experience across the BFSI sector. His background includes serving as CFO at major organizations such as IIFL Home Finance and Airtel Payments Bank.
Changes in Leadership and Audit Structure
The Board meeting confirmed the following key personnel and service appointments:| Change | Previous Role/Firm | New Role/Firm | Effective Date/Period |
|---|---|---|---|
| Resignation | Interim Chief Financial Officer (KMP) | N/A | April 27, 2026 (EOD) |
| Appointment | N/A | Chief Financial Officer (KMP and SMP) | April 28, 2026 |
| Auditors | M/s S S Kothari Mehta & Co. LLP | MSKA & Associates, LLP | Continuous period of 3 years (33rd AGM to 36th AGM, 2029) |
The tenure of the previous Statutory Auditors, M/s S S Kothari Mehta & Co. LLP, is set to expire upon the conclusion of the 33rd AGM in 2026.
MSKA & Associates, LLP, Chartered Accountants (Firm Registration No. 105037W/W101187), which was established in 1978, is an Indian partnership firm with offices across 14 key cities, including Mumbai and Delhi NCR. The firm offers services across Audit Assurance, Tax, and Advisory domains.
AYE Stock Price Movement
As of 1:59 PM, Aye Finance Limited shares are surging in live trading, climbing 7.25% to reach ₹144.65. The equity solidifies its rally by touching its 52-week high of ₹150.49 amid robust trading activity of 4.79 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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