Appointment of PSV Jain & Associates, Chartered Accountant (Firm Registration Number: 131505W) as the statutory auditor of the company in casual vacancy for the financial year 2024-25
Awaiting price reaction for this filing.
Birla Cotsyn (India) Ltd, at a board meeting on April 19, 2025, approved three key appointments. PSV Jain & Associates (FRN 131505W), a 4-partner Mumbai-based firm with 13 years of experience, was appointed as the new statutory auditor to fill a casual vacancy caused by the expiration of the previous auditor's tenure; they will serve until the next AGM for FY2024-25. The company also appointed Mr. Harish Kumar Pareek, an MBA (Finance) professional with over 20 years of experience (10+ years in the spinning industry), as the new Chief Financial Officer. Additionally, Mr. Gaurav Anand, an Associate Member of ICSI with a B.Com (CA&A) degree, was appointed as the Whole-Time Company Secretary and Compliance Officer. All three appointments are effective from April 19, 2025.
For shareholders, this represents a routine but comprehensive governance refresh: the company has filled all three critical positions (auditor, CFO, and CS/Compliance Officer) simultaneously, which should improve financial oversight and regulatory compliance. No negative signals such as resignations or governance concerns were indicated; the auditor change was due to natural term expiry.