Ashapura Intimates Fashion Limited has informed the Exchange regarding Change in Auditors of the company.
Awaiting price reaction for this filing.
Ashapura Intimates Fashion Limited has appointed M/s. N.K. Sarraf & Associates, Chartered Accountants (FRN 021945N), as its new Statutory Auditors. The appointment covers two consecutive 5-year terms: from FY2018-19 to FY2023-24, and from FY2023-24 to FY2027-28, ending at the conclusion of the 2028 AGM. The decision was approved by the Board on May 21, 2025, based on the recommendation of the Audit Committee, and is subject to shareholder approval at the upcoming AGM. N.K. Sarraf & Associates is a chartered accountancy firm established in 2008, offering audit, tax, certification and advisory services.
This is a routine governance change — shareholders will need to approve the auditor appointment at the next AGM. The new auditor will review the company's financials going forward, which is standard practice and unlikely to materially affect the stock price.