1. Considered and Took note of Completion of Tenure of M/s .S. N Gadiya & Co. existing Statutory Auditor of the Company in the Ensuing Annual General Meeting of the Company to be Held for ....
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The board of Premium Capital Market & Investments Ltd met on August 19, 2025, and noted the completion of the existing statutory auditor M/s S.N. Gadiya & Co's tenure, which ends at the conclusion of the upcoming 33rd AGM. The board approved and recommended the appointment of M/s SCAN & Co, Chartered Accountants (FRN: 113954W) as the new statutory auditor for a five-year term, from the 33rd AGM to the 38th AGM, subject to shareholder approval. SCAN & Co is an Indore-based firm with over 70 years of legacy, 15+ chartered accountants, and presence across 8 Indian cities. The board also approved the draft Directors' Report for FY 2024-25, fixed the 33rd AGM for September 24, 2025, and appointed NSDL as e-voting agency and M/s Alap & Co. LLP as scrutinizer.
This is a routine, regulatory-driven change of statutory auditor due to natural completion of the existing auditor's five-year term, not a mid-term resignation. A new auditor with a stronger multi-city practice is being brought in, which is neutral-to-slightly positive for governance. No material impact on shareholders is expected.