BSETechnofab Engineering LtdMediumNeutral
Announced Fri, 17 Oct · 10:58 IST

Appointment of M/s Raj Har Gopal & Co, chartered accountants as Statutory Auditors for the Financial Year 2024-25.

Management Changes View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Technofab Engineering Limited, which is currently under the Corporate Insolvency Resolution Process (CIRP), has appointed M/s. Raj Har Gopal & Co., Chartered Accountants (FRN: 002074N) as its new Statutory Auditor for the financial year 2024-25 (1 April 2024 to 31 March 2025). The appointment, effective 19 September 2025, was made by the Resolution Professional after the one-year term of the previous auditor, M/s. Rajendra Chauhan and Co. (FRN: 013214N), came to an end. This is a routine auditor change driven by the expiry of the prior auditor's tenure rather than any resignation or quality concerns.

Likely market impact

For shareholders, this is a procedural auditor rotation under the company's ongoing insolvency resolution process and does not signal any new governance issue on its own. The continued reference to CIRP and decision-making by the Resolution Professional rather than the board remains the key background context for the stock.