Shareholders approve new Statutory and Secretarial Auditors for 5 years; outgoing auditor retires
M/s L.N. Joshi & Co, Practicing Company Secretaries — Secretarial Auditors for 5 consecutive years (53rd AGM to 58th AGM).
By ScoutQuest · · 1 min read
- AGM Date
- 23rd September 2026
- Secretarial Auditor Appointed
- M/s L.N. Joshi & Co for 5 consecutive years (53rd AGM to 58th AGM)
- Statutory Auditor Appointed
- M/s S.N. Nanda & Co for 5 consecutive years (53rd AGM to 58th AGM)
- Outgoing Statutory Auditor
- M/s V.S. Somani and Co., Chartered Accountants (appointment dated 24.09.2021)
- Meeting Type
- 53rd Annual General Meeting
What happened
At the 53rd General Meeting held on Wednesday, 23rd September 2026, members of the company approved auditor changes, disclosed under Regulation 30 of SEBI LODR.
The changes
- M/s L.N. Joshi & Co (CPN: 4216), Practicing Company Secretaries, appointed as Secretarial Auditors for 5 consecutive years, from the conclusion of the 53rd AGM to the 58th AGM. The firm has over 25 years of experience in corporate laws, securities laws, secretarial audits, corporate restructuring, due diligence and regulatory compliance.
- M/s S.N. Nanda & Co, Chartered Accountants (FRN: 000685N), appointed as Statutory Auditor for 5 consecutive years, from the conclusion of the 53rd AGM to the 58th AGM. The firm has over 60 years of experience auditing Public Sector Undertakings, banks and companies.
- M/s V.S. Somani and Co., Chartered Accountants (FRN: 117589W), retires as Statutory Auditor consequent upon completion of their term. Their appointment dated back to 24.09.2021.
Both new appointments were first approved at the Board Meeting on 12.08.2026 and then by shareholders on 23.09.2026. Relationship with directors is stated as Not Applicable in each case.
How to read it
The outgoing auditor is stepping down because its term ended, not due to any dispute or resignation mid-term. Appointing secretarial auditors for a fixed five-year term follows the SEBI LODR Third Amendment Regulations, 2024 framework. This is an administrative governance update with no direct effect on the company's operations or financials.
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More numbers
- Secretarial Auditor term5 (five) consecutive years
- Statutory Auditor term5 (five) consecutive years
- L.N. Joshi & Co experienceover 25 years of experience
- S.N. Nanda & Co experienceover 60 years of experience
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