Bank of Maharashtra Appoints New Statutory Auditors for FY26

Bank of Maharashtra has announced the appointment of four Chartered Accountant firms/LLPs as its Statutory Central Auditors (SCAs) for the financial year 2025-26, following approval from the Reserve B...

Bank of Maharashtra has announced the appointment of four Chartered Accountant firms/LLPs as its Statutory Central Auditors (SCAs) for the financial year 2025-26, following approval from the Reserve Bank of India. Two firms, M/s. G D Apte & Co. of Mumbai and M/s. Manubhai & Shah LLP of Ahmedabad, will continue as SCAs. Two new firms have been appointed: M/s Sagar & Associates from Hyderabad and M/s S. Singhal & Co. from Jaipur. The announcement provides brief profiles of all four firms, detailing their establishment dates, number of partners, office locations, and extensive experience in audit and assurance services, including statutory audits, internal audits, taxation, forensic audits, and due diligence for various entities, particularly within the BFSI sector.

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Why is Bank of Maharashtra in the news today?

Bank of Maharashtra (MAHABANK) is in the news due to the appointment of auditors is a routine corporate governance activity and does not inherently indicate a positive or negative change in the company's performance or outlook.

Auditor ChangesOther Regulatory Filings
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Bank of Maharashtra Appoints New Statutory Auditors for FY26

December 26, 2025, 09:46 AM

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Bank of Maharashtra has announced the appointment of four Chartered Accountant firms/LLPs as its Statutory Central Auditors (SCAs) for the financial year 2025-26, following approval from the Reserve Bank of India.

Two firms, M/s. G D Apte & Co. of Mumbai and M/s. Manubhai & Shah LLP of Ahmedabad, will continue as SCAs. Two new firms have been appointed: M/s Sagar & Associates from Hyderabad and M/s S. Singhal & Co. from Jaipur.

The announcement provides brief profiles of all four firms, detailing their establishment dates, number of partners, office locations, and extensive experience in audit and assurance services, including statutory audits, internal audits, taxation, forensic audits, and due diligence for various entities, particularly within the BFSI sector.

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