Shareholders Approve Appointment of New Statutory Auditor for Five-Year Term at 56th AGM
At the 56th AGM held on 28th September, 2026, shareholders approved the appointment of M/s. A H Mandaliya & Associates, Chartered Accountants (FRN 146705W) as Statutory Auditor.
By ScoutQuest · · 1 min read
- New Statutory Auditor
- M/s. A H Mandaliya & Associates, Chartered Accountants (FRN 146705W)
- Auditor Term
- 5 (five) years, from conclusion of 56th AGM till conclusion of 61st AGM
- AGM Date
- 28th September, 2026
- Previous Auditor
- M/s. Purushottam Khandelwal & Co. (FRN: 123825W)
- Auditor Experience
- More than eight (8) years in accounting, auditing, direct and indirect taxation, GST compliance, litigation and bank audit
What was approved
At the 56th Annual General Meeting held on Monday, 28th September, 2026, members of the company approved, among other agenda items, the appointment of M/s. A H Mandaliya & Associates, Chartered Accountants (FRN 146705W) as Statutory Auditor.
Term
- Term of 5 (five) years, from the conclusion of this AGM till the conclusion of the 61st Annual General Meeting.
- Date of appointment recorded as 14/08/2026, approved by shareholders at the 56th AGM held on 28/09/2026.
- Made under Section 139, 142 and other applicable provisions of the Companies Act, 2013.
Why the change
The appointment arises due to the retirement of M/s. Purushottam Khandelwal & Co., a firm of practising Chartered Accountants (FRN: 123825W), the former Statutory Auditor of the company. This is a scheduled succession rather than a resignation or removal.
About the incoming auditor
- Ahmedabad-based firm of Chartered Accountants.
- Experience of more than Eight (8) years across accounting, auditing, direct and indirect taxation services, GST compliances, litigation and bank audit.
- Peer Review Certificate on record.
- Not related to any Director of the company.
What it means for investors
The statutory auditor examines and reports on the company's financial statements. A change of audit firm on retirement is a routine governance step; the new firm will audit the accounts for the coming period covered by its five-year term. There is no financial transaction or cash impact disclosed in this intimation.
More numbers
- Auditor term5 (five) years
- AGM number56th
- Term ends at AGM number61st
- Experience of new audit firmmore than Eight (8) years
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