Appointment of Secretarial Auditor of the company for the Financial Year 2024 to 2025 for conduct and perform the Secretarial Audit
Awaiting price reaction for this filing.
Richa Industries Ltd has appointed Mr. Vishal Arora, a Peer Reviewed Practicing Company Secretary with 24 years of experience, as the Secretarial Auditor for FY 2024-2025 for a one-year term effective October 10, 2025. Importantly, this appointment was made by the Liquidator of the Company (Mohit Chawla, registered with IBBI), indicating that the company is currently under liquidation/insolvency proceedings. This is a routine compliance disclosure under SEBI LODR Regulations 2015.
This filing is a procedural compliance requirement and is unlikely to have a direct impact on the stock price. However, it confirms that the company remains under liquidation, which is a significant risk factor for shareholders as it suggests limited operational prospects and potential recovery concerns.