ARKADENSEArkade Developers LimitedMediumNeutral
Announced Tue, 13 May · 14:59 IST

Arkade Developers Limited has informed the Exchange regarding Change in Auditors of the company.

Management Changes View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Arkade Developers Limited has informed the stock exchanges about board-approved appointments of two auditors at a meeting held on May 13, 2025. The Board, on the recommendation of the Audit Committee, appointed M/s AVS & Associates (Practicing Company Secretaries, Navi Mumbai) as the Secretarial Auditor for a five-year term covering FY 2025-26 to FY 2029-30, subject to shareholder approval at the upcoming AGM. Additionally, M/s Joshi Apte and Associates (Cost Accountants, Pune, Firm Reg. No. 000240) was appointed as Cost Auditor for FY 2025-26. Both firms are peer-reviewed and experienced in their respective domains. The appointments are part of statutory compliance under SEBI LODR Regulations and the Companies Act, 2013.

Likely market impact

This is a routine regulatory appointment and not indicative of any governance issues or auditor concerns. Shareholders will need to approve the Secretarial Auditor appointment at the next AGM. No material impact expected on the stock price.