Appointment of Statutory auditor of the company
Awaiting price reaction for this filing.
Satiate Agri Limited's Board, at a meeting on May 15, 2025, accepted the resignation of statutory auditor M/s. A A A M & CO LLP (FRN: 038189N), effective the same day. The resignation was triggered by an internal restructuring — the firm's demerger/merger with CA Mohit Jain's proprietorship firm, M/s Mohit Yogesh Jain & Co. The outgoing auditor clarified that the signing partner, Mr. Mohit Jain, will continue, so there is no break in engagement. To fill the casual vacancy, the Board appointed M/s. D.G.M.S & Co. (FRN: 0112187W), based in Jamnagar, as the new statutory auditor, to hold office until the 2025 Annual General Meeting.
This is a routine auditor change driven by an internal merger at the audit firm rather than any disagreement or governance concern. Shareholders should note the change but there is no immediate red flag for the stock; the new auditor will serve only until the 2025 AGM, after which a full-term appointment will be considered.