Apex Capital Auditor Resigns: Compliance & Governance Path

Apex Capital and Finance Limited recently announced that its secretarial auditor, M/s S. Behera & Co., has resigned, effective August 6, 2026.

This development necessitates the immediate appointment of a new auditor to ensure the company’s ongoing adherence to critical corporate governance standards.

Auditor’s Stated Reasons

The resignation letter, dated August 6, 2026, from Shesadev Behera, proprietor of S. Behera & Co., cited pre-occupation and personal reasons for the decision.

The firm explicitly confirmed that no material issues impacting stakeholder interests were involved in this departure.

Regulatory Compliance Framework

The disclosure was made to the BSE on August 7, 2026, by Shekhar Singh, Managing Director of Apex Capital and Finance Limited.

This action complies with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The filing further incorporated Annexure-I, as mandated by SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155, issued on November 11, 2024.

The resignation itself aligns with the Companies Act, 2013, and Regulation 24A of the SEBI Listing Regulations.

Transition and Confidentiality Commitments

M/s S. Behera & Co., a firm of Practicing Company Secretaries based in New Delhi, confirmed the absence of any other material reasons for their departure.

Shesadev Behera reaffirmed that no circumstances exist that would significantly affect stakeholder interests due to this change.

The departing firm expressed no objection to the appointment of a replacement secretarial auditor and pledged reasonable assistance for an orderly transition.

This commitment includes handing over all relevant records and documents upon request, while maintaining confidentiality of all shared information.

Such adherence follows professional ethics under the Company Secretaries Act, 1980, and the code of conduct issued by the Institute of Company Secretaries of India (ICSI).

The Path Forward for Apex Capital

Apex Capital and Finance Limited is now required to initiate the process of appointing a new secretarial auditor.

This step is crucial for upholding corporate governance standards and ensuring continuous regulatory compliance.