APPOINTMENT OF STATUTORY AUDITOR
Awaiting price reaction for this filing.
Madhur Industries Ltd informed BSE that its statutory auditor, J U Shah and Co. (FRN: 129209W), resigned from the position effective 5th July 2025, with the resignation formally accepted by the Board on 14th July 2025. To fill the resulting casual vacancy, the Board has appointed M/s S D P M & Co. (FRN: 126741W) as the new statutory auditor with effect from 14th July 2025, subject to shareholder approval at the next Annual General Meeting. The new audit firm is ICAI-registered and holds a Peer Review Certificate valid till 29th February 2028. The Board placed on record its appreciation for the outgoing auditor's services.
Auditor changes mid-term are a governance red flag worth monitoring, though the company acted quickly to appoint a replacement within days. Shareholders should watch for the specific reasons cited in the outgoing auditor's resignation letter at the upcoming AGM.