Appointment of Statutory Auditor for a term of 5 years on expiry of the term of the previous auditor. The appointment is subject to the approval of Shareholders at the forthcoming AGM. ....
Awaiting price reaction for this filing.
Educomp Solutions, currently under insolvency resolution, has appointed M/s GDR & Associates LLP as its new Statutory Auditor for a 5-year term, running from the conclusion of the upcoming 31st AGM to the conclusion of the 36th AGM. The appointment was approved by the Resolution Professional based on concurrence from Lenders and is subject to shareholder approval at the forthcoming AGM. The change was triggered by the expiry of the previous auditor's term. Additionally, M/s Vimal Chadha & Associates has been recommended as Secretarial Auditor for five consecutive years starting FY2025-26, pending shareholder approval.
This is a routine governance update and should not materially affect share price. Shareholders will get to vote on the appointment at the upcoming AGM. The company remains under the Resolution Professional's oversight, reflecting its ongoing insolvency process.