Appointment of Statutory Auditors subject to the approval of shareholders.
Awaiting price reaction for this filing.
Paos Industries Ltd's Board, at its meeting on August 30, 2025, has recommended the appointment of M/s P.C. Goyal & Co. (FRN: 002368N) as the company's Statutory Auditors for a period of five consecutive years, covering FY 2025-26 through FY 2029-30. This appointment is from the conclusion of the upcoming 35th Annual General Meeting (AGM) until the 40th AGM, and is subject to shareholder approval. P.C. Goyal & Co. is an established audit and taxation firm founded in 1980. Additionally, the Board appointed M/s Rajiv Rajeev & Associates, Chartered Accountants, as Internal Auditors effective September 1, 2025. Rajiv Rajeev & Associates was established in 2003 and provides assurance, tax, and corporate services.
This is a routine governance update with no immediate material impact on shareholders or the stock price. The auditor appointments are standard compliance actions, pending shareholder approval at the next AGM.