1. The Board of Director have considered and approved the appointment of M/S ASHISH KHANDELWAL & COMPANY (018046) as Statutory Auditor of the Company to fill the casual vacancy w.e.f. 22.05.2025.Consent ....
Awaiting price reaction for this filing.
Starlit Power Systems Ltd's Board, at its meeting on 22 May 2025, approved the appointment of M/s Ashish Khandelwal & Company (FRN: 008825C), Jaipur, as the new Statutory Auditor to fill the casual vacancy effective 22 May 2025, until the next general meeting. The Board also took note of the resignation of the previous auditor, M/s H K Chhabra & Co. (FRN: 010917N), effective 7 May 2025. The previous auditor had been appointed on 14 February 2025 with a term scheduled to expire on 13 May 2025, and resigned mid-term citing the company's inability to convene an Extraordinary General Meeting within the prescribed time, which affected timely ratification and statutory compliances under SEBI LODR Regulations, 2015. No concerns, alternative procedures, or material impact on financial statements were reported by the resigning auditor.
Shareholders should note a mid-term statutory auditor change within roughly three months of the prior auditor's appointment. While a new auditor has been appointed to ensure continuity, the cited reason (failure to convene an EGM for ratification) signals a compliance and governance weakness that investors may want to monitor, though the resigning auditor flagged no material concerns about the financial statements.