Sakshi Jain Tops ICAI CA Foundation Exam May 2026

NEW DELHI — The Institute of Chartered Accountants of India (ICAI) officially declared the results for the CA Foundation examination held in May 2026 on July 3, 2026. Sakshi Jain from Nashik has secured the All India Rank (AIR) 1, leading a merit list dominated entirely by students from Maharashtra.

The examination, which serves as the entry-level gateway for aspiring chartered accountants, took place from May 14 to May 20, 2026. According to official data released by the institute, a total of 90,217 candidates appeared for the test across 609 examination centers in India and abroad, with 18,124 candidates successfully qualifying.

A Dominant Performance by Maharashtra

Sakshi Jain claimed the top spot with a score of 371 out of 400, achieving an impressive 92.75%. The merit list highlights a highly competitive session, with the top three positions separated by only a few marks.

Ayanabbas Ajani from Chandrapur secured AIR 2, scoring 367 marks (91.75%), while Radha Unmesh Mulay from Pune followed closely at AIR 3, obtaining 365 marks (91.25%). This year’s results underscore a significant regional achievement, with Maharashtra-based students capturing the top three rankings nationwide.

Examination Performance and Statistics

The overall pass percentage for the May 2026 session stands at 20.09%. To qualify, candidates were required to secure a minimum of 40% in each of the four papers—Accounting, Business Law, Quantitative Aptitude, and Business Economics—and a minimum aggregate of 50%.

According to official ICAI statements, students can access their individual scorecards by logging into the official result portal using their registration number and roll number. The scorecard provides a comprehensive breakdown of subject-wise performance and qualifying status.

Why It Matters

For thousands of students, the CA Foundation exam is the first major milestone in a rigorous professional journey. Passing this examination grants eligibility to register for the CA Intermediate course, the next phase of the chartered accountancy program. As India’s economy continues to expand, the demand for qualified financial professionals remains high, making the successful completion of these exams a critical step for career aspirants in the corporate and financial sectors.

Key Facts at a Glance

• AIR 1: Sakshi Jain (Nashik) secured 92.75% (371/400).

• Overall Pass Rate: 20.09% of the 90,217 candidates who appeared qualified.

• Top 3 Trend: All top three national rank holders are from the state of Maharashtra.

• Examination Scope: The test covered four core subjects and was administered across 609 centers globally.

FAQ

Where can students check their CA Foundation May 2026 results?

Students can view and download their results from the official portals at caresults.icai.org, icaiexam.icai.org, or icai.nic.in.

What are the passing criteria for the CA Foundation?

Candidates must score at least 40% in each individual paper and a minimum aggregate of 50% across all four papers to be declared "Qualified."

What happens after qualifying the Foundation exam?

Successful candidates become eligible to register for the CA Intermediate course, the second level of the professional Chartered Accountancy curriculum.

Source: Institute of Chartered Accountants of India (ICAI), ICAI Result Portal