Decillion Finance Ltd Appoints New Statutory Auditors and Nita Agarwal as Additional Independent Director
Decillion Finance Ltd announced significant appointments following its Board of Directors meeting held on July 2, 2026. The Board recommended M/s MGSA & Company as the new Statutory Auditor and approved the appointment of Mrs. Nita Agarwal as an Additional Non-Executive Independent Director (ANED).The appointment of M/s MGSA & Company was made to fill a casual vacancy that arose due to the resignation of the previous auditors, T D K & Co. The Board recommended this appointment, following the advice of its Audit Committee. M/s MGSA & Company has been appointed for one financial year, covering 2026-27.
Mrs. Nita Agarwal was considered and approved by the Board, based on the recommendation from the Nomination and Remuneration Committee. She is appointed as an Additional Non-Executive Independent Director effective July 2, 2026.
Statutory Auditor Appointment Details
The following details outline the appointment of M/s MGSA & Company:| Particular | Detail |
|---|---|
| Reason for change | Casual vacancy due to resignation of T D K & Co. |
| Appointing Firm | M/s MGSA & Company, Chartered Accountants (FRN: 022481C) |
| Date of appointment | July 2, 2026 |
| Terms of appointment | Appointment is subject to approval of Members at the General Meeting. |
Profile of Additional Independent Director Nita Agarwal
Mrs. Nita Agarwal, who holds DIN 07092762, has been appointed as an ANED for a period of five years. She holds a graduate qualification and possesses expertise in finance, accounting, business administration, and commercial practices.Ms. Agarwal's background includes having held one directorship in another listed company and two memberships/chairmanships on Audit Committee and Stakeholders Relationship Committee across public companies. She maintains no relationships with other directors inter-se and has NIL shareholding in the company.
| Particular | Detail |
|---|---|
| Name of Director | Mrs. Nita Agarwal |
| Date of Appointment | July 2, 2026 |
| Qualification | Graduate |
| Expertise | Finance, Accounting, and Business Administration |
M/s MGSA & Company is an ICAI Peer Reviewed Firm with the firm registration number 022481C. The firm's registered office is located in Bikaner, Rajasthan. A representative of the firm, CA Mukesh Sharma (Membership No. 310542), is a partner at the company.
Stock Price Movement
Decillion Finance Ltd shares settled at ₹38.95 in post-market trading today, registering a flat performance with no recorded change for the day. The stock movement during the session was contained within an intraday range spanning from a low of ₹38.50 to a high of ₹38.95.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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