<h1>Minolta Finance Approves Name Change, New Tax Consultant Appointment and Office Relocation Plans</h1>
Board meetings held by Minolta Finance Limited on August 11, 2026 resulted in several key corporate decisions, including the approval of financial results for a specific quarter, a proposal for a company name change, the appointment of a new tax auditor, and strategic plans regarding the company's registered office.
The Board meeting approved the Unaudited Financial Results for the quarter ended June 30, 2026, alongside the Limited Review Report issued by Statutory Auditors. Additionally, the Directors approved the appointment of M/s CGCA & Associates, Chartered Accountants (Firm Registration No. 123393W/W100755), to serve as the Tax Auditors and Consultant of the Company.
In terms of corporate identity, the Board greenlit a proposal to change the company name from "Minolta Finance Limited" to "Wagad Finance Limited," or any other name made available by the Ministry of Corporate Affairs, contingent upon shareholder approval.
A major operational decision involves the Registered Office. The Board approved the shifting of the Registered Office within the local limits of Kolkata, West Bengal. Furthermore, a proposal to shift the Registered Office from West Bengal (Kolkata) to Mumbai, Maharashtra was also approved, pending requisite statutory and shareholder approvals.
Governance aspects reviewed during the meeting included the approval of the notice convening the Annual General Meeting (AGM). The Board's Report for the financial year ended March 31, 2026, and the appointment of a Scrutinizer for the forthcoming AGM were also finalized. The Board meeting commenced at 3:00 P.M. and concluded by 3:45 P.M.
Details pertaining to the newly appointed Tax Auditors are provided below:
| Particulars | Details |
|---|---|
| Name of the Auditor | M/s CGCA & Associates, Chartered Accountants |
| Firm Registration Number | 123393W / W100755 |
| Reason for change | Appointment as the Tax Auditors and Consultant of the Company |
| Date of Appointment | Tuesday, August 11, 2026 |
| Brief Profile | M/s CGCA & Associates is a firm with extensive experience in taxation, audit, accounting, corporate advisory, regulatory compliances, financial consultancy, and allied professional services. The firm specializes in tax advisory, GST consultancy, direct and indirect taxation, corporate compliance, and financial reporting across various sectors. |
| Relationship Disclosure | Not Applicable. The appointment involves no relationship between the Auditor and any Director of the Company. |
Stock Price Movement
Minolta Finance Ltd shares settled at ₹1.24 on Tuesday, losing 3.88% in trading. The stock's price moved through an intraday range set between a low of ₹1.23 and a high of ₹1.32.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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