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Awaiting price reaction for this filing.
Aruna Hotels Ltd's board has recommended appointing M/s. Venkat & Rangaa LLP (FRN 004597S) as the new Statutory Auditor, replacing the retiring M/s. Bala & Co. The new auditor will serve a five-year term, from the 63rd AGM (for FY ended March 2025) until the 68th AGM (for FY ended March 2030), subject to shareholder approval. Venkat & Rangaa LLP is a Chennai-based firm established in 1984 with offices in Salem and Bangalore, offering audit, tax, and advisory services. The 63rd AGM has been scheduled for September 26, 2025, via video conferencing.
This is a routine rotation of statutory auditors at the end of the previous firm's term, not a mid-term resignation, so it carries no negative governance signal. Shareholders will vote on the appointment at the upcoming AGM.