Appoinment of M/s. SCAN & Co. as a statutory Auditor of the Company for a Term of 5 Years, Subject to Approval of Members in the ensuing Annual General Meeting , Due to Completion of Tenure ....
Awaiting price reaction for this filing.
Premium Capital Market & Investments Ltd announced that the board, at its meeting on August 19, 2025, noted the completion of tenure of existing statutory auditor M/s. S. N. Gadiya & Co. upon conclusion of the upcoming 33rd AGM. The board, on the recommendation of the Audit Committee, approved the appointment of M/s. SCAN & Co., Chartered Accountants (FRN: 113954W) as the new statutory auditor for a 5-year term, effective from the 33rd AGM to the 38th AGM, subject to shareholder approval. SCAN & Co. is an Indore-based firm with 70+ years of legacy, presence in 8 cities, and 1000+ clients. The board also approved the draft Directors' Report for FY25, fixed the 33rd AGM for September 24, 2025, and appointed NSDL as the e-voting agency.
This is a routine auditor rotation due to tenure completion, not a midterm resignation or governance concern. The board recorded appreciation for the outgoing auditor. No material impact expected on shareholders or the stock.