Notice of Postal Ballot together with Explanatory Statements as per the Companies Act 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Ambitious Plastomac Company Ltd has issued a Postal Ballot Notice seeking shareholder approval to appoint M/s. Fenil P. Shah & Associates, Chartered Accountants (FRN: 143571W) as the new Statutory Auditor. This appointment fills a casual vacancy caused by the resignation of M/s. Pankaj K Shah Associates, who quit citing that audit remuneration had become commercially unviable for a listed entity and no mutually agreeable fee could be reached for FY 2024-25. The new auditor will hold office from November 4, 2025 until the conclusion of the 35th AGM in 2026, with audit fees fixed at Rs. 1,50,000 for the financial year (excluding out-of-pocket expenses and GST). E-voting runs from January 24, 2026 to February 22, 2026, with results expected by February 24, 2026.
This is a routine auditor change with minimal direct impact on shareholders. The shift to a new auditor at a modest fee of Rs. 1.50 lakh should not materially affect the stock, though investors may want to track whether any fee-related disputes or governance concerns arise going forward.