Appointment of M/s. Shekhawat & Associates as a Secretarial Auditor of the Company
Awaiting price reaction for this filing.
Prabhat Technologies (India) Ltd has appointed M/s. Shekhawat & Associates, a peer-reviewed firm of Practising Company Secretaries, as its Secretarial Auditor for a five-year term covering FY 2024-25 through FY 2028-29. The appointment was approved by the Resolution Professional, Mr. Rajendra K. Bhuta, on September 30, 2025, and remains subject to shareholder approval at the upcoming Annual General Meeting. Importantly, the company is currently undergoing a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, meaning the RP is driving key governance decisions. The appointed firm has over 11 years of experience and is peer-reviewed by ICSI.
This is a routine compliance appointment, but the fact that it is being made by a Resolution Professional underscores that the company remains under insolvency proceedings, which is a key risk factor for shareholders awaiting resolution and recovery of value.