Yes Bank Appoints MSKA & Associates LLP as Joint Statutory Auditor for FY 2026-27
Yes Bank Ltd has appointed M/s. MSKA & Associates LLP, Chartered Accountants, as one of the Joint Statutory Auditors for the financial year 2026-27, following approval from the Reserve Bank of India (RBI). This appointment comes with the rotation out of another firm, G. M. Kapadia & Co., which will resign upon conclusion of the bank's ensuing Annual General Meeting.The appointment is subject to ratification by the shareholders at the upcoming Annual General Meeting of Yes Bank.
As detailed in records maintained by the company, the Board of Directors had recommended the appointment of audit firm(s) as joint statutory auditors for a term covering FY 2026-27 through FY 2028-29 based on recommendations from the Audit Committee.
The RBI approved the selection of M/s. MSKA & Associates LLP, Chartered Accountants (Firm Registration No. 105047W/W101187) for their first year as Joint Statutory Auditors for FY 2026-27. This appointment replaces M/s. G. M. Kapadia & Co., Chartered Accountants (Firm Registration No. 104767W), who will rotate out in line with RBI guidelines after the Annual General Meeting.
M/s. MSKA & Associates LLP, established in 1978 and registered with the Institute of Chartered Accountants of India (ICAI), is a leading chartered accountancy firm headquartered in Mumbai. The firm maintains offices across 15 major cities in India, providing services including Audit & Assurance and Taxation & Accounting Advisory.
Key details regarding the appointment are as follows:
| Particulars | Details |
|---|---|
| New Appointee | M/s. MSKA & Associates LLP (Firm Registration No. 105047W/W101187) |
| Reason for Change | Appointment follows RBI approval, replacing G. M. Kapadia & Co. in accordance with rotation guidelines. |
| Term of Appointment | The Board recommended a three-year term commencing from FY 2026-27, ending in FY 2028-29. |
| Status | Appointment is subject to approval by shareholders at the ensuing Annual General Meeting. |
YESBANK Stock Price Movement
On Friday, Yes Bank Limited shares gained ground as the stock closed at ₹23.02, rallying 3.56% from its prior closing price. The equity saw heavy trading activity, recording a volume of 87.27 million shares during the session.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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