Apollo Pipes Limited has informed the Exchange regarding Appointment of M/s. AKGVG & Associates, Chartered Accountants as Statutory Auditors of the company w.e.f. September 26, 2025.
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Apollo Pipes Limited has appointed M/s. AKGVG & Associates, Chartered Accountants (FRN: 018598N), as its new Statutory Auditors for a 5-year term starting September 26, 2025, until the conclusion of the 44th AGM in 2030. The change follows the completion of the second consecutive 5-year term (10 years total) of the previous auditor M/s. VAPS & Co., who ceased to hold office after the 39th AGM. AKGVG & Associates is a mid-to-large professional services firm with over 250 professionals operating across 3 countries and 9 offices, and its audit and tax services are peer-reviewed by ICAI. This is a routine auditor rotation driven by regulatory tenure limits rather than any governance concern.
This is a routine, regulatory-driven change with no negative implication for shareholders. Investors can take comfort that the new auditor is a well-established firm with peer-reviewed credentials, though there should be no material impact on the stock price.