ADF Foods Limited has informed the Exchange regarding Change in Auditors of the company.
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ADF Foods has appointed M/s. Dedhia Shah & Partners LLP, a Mumbai-based firm of Company Secretaries, as its new Secretarial Auditors. The appointment is for a first term of five consecutive years, covering the conclusion of the 35th AGM (FY2024-25) through the 40th AGM (FY2029-30). The decision was recommended by the Audit Committee and approved by the Board on May 14, 2025, and is subject to shareholder approval at the upcoming AGM. The firm has two partners with 16+ years of experience in legal, secretarial compliance, and FEMA compliance. Despite the headline mentioning a 'change in auditors,' this is a new appointment, not a resignation or removal.
This is a routine corporate governance compliance matter with no material impact on the company's financials or operations. Shareholders will have the opportunity to approve the appointment at the next AGM.