Appointment of M/s. Motilal & Associates LLP, Chartered Accountants (FRN: 106584W/W100751), as Statutory Auditor of the Company to fill the casual vacancy.
Awaiting price reaction for this filing.
Shamrock Industrial Company's board, at its meeting on December 11, 2025, approved two key items. First, M/s. Motilal & Associates LLP (FRN: 106584W/W100751), a Mumbai-based multi-disciplinary CA firm established in 1985, has been appointed as the new Statutory Auditor to fill the casual vacancy caused by the resignation of M/s Devpura Navlakha & Co. The new auditor will serve until the next AGM, subject to shareholder approval within three months. Second, the board approved incorporation of a 100% wholly owned subsidiary, tentatively named 'HODL Energy Private Limited,' with a modest initial capital of Rs. 1,00,000 (10,000 equity shares of Rs. 10 each). The new subsidiary will operate in renewable and conventional power, data centres, computing servers/ASICs, infrastructure-as-a-service, and notably, buying, holding, and dealing in Bitcoin. Expected completion is by August 30, 2026.
This signals a dramatic strategic pivot from the company's existing industrial business into high-growth, high-risk areas like Bitcoin, data centres, and renewable energy — likely to attract speculative interest but also raise governance and execution risk concerns. The mid-term auditor change may also draw investor scrutiny, though the new firm is a well-established practice.