APPOINTMENT OF STATUTORY AUDITOR
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Arcee Industries Ltd's Board, at its meeting on February 27, 2026, approved the appointment of M/s. CGH & Associates, Chartered Accountants (FRN: 025528C) as the new Statutory Auditor of the company. This appointment fills the casual vacancy caused by the resignation of the previous auditor, M/s. Jain Mittal Chaudhary & Associates, on January 29, 2026. The new auditor will hold office from February 27, 2026 until the conclusion of the Annual General Meeting for FY 2025-26 and will conduct the statutory audit for the year ending March 31, 2026. M/s. CGH & Associates was established in 2018 and has over 5 years of experience in audit, taxation, due diligence, and related services. The appointment was made on the recommendation of the Audit Committee, subject to shareholder approval.
This is a routine auditor change to replace a mid-term resignation, which is a compliance requirement. For shareholders, the key point is that the previous auditor stepped down roughly a month before the new one was appointed, which may warrant attention to any disclosed reasons. No immediate impact on stock price is expected unless the prior auditor's resignation raises governance concerns.