Ashapura Intimates Fashion Limited has informed the Exchange regarding Board meeting held on May 21, 2025. Based On the recommendation of the Audit Committee and board of directors, the Company has appointed M/s. N.K. Sarraf & Associates, Chartered Accountants, FRN 021945N as Statutory Auditors of the Company for two term of Five (5) years i.e. from 2018-19 to 2023-24 & 2023-24 to 2027-28 until the conclusion of Annual General Meeting to be held in the year 2028, subject to approval of the shareholders of the Company at the ensuing Annual General Meeting.
Awaiting price reaction for this filing.
Ashapura Intimates Fashion Limited announced that its Board of Directors, at a meeting held on May 21, 2025, has approved the appointment of M/s. N.K. Sarraf & Associates, Chartered Accountants (FRN 021945N), as the Statutory Auditors of the Company. The appointment covers two consecutive terms of five years each — from FY2018-19 to FY2023-24, and from FY2023-24 to FY2027-28 — until the conclusion of the Annual General Meeting to be held in 2028. The appointment is subject to shareholder approval at the ensuing AGM. N.K. Sarraf & Associates, established in 2008, provides audit, assurance, certification, tax advisory, and company law services.
This is a routine governance disclosure regarding auditor appointment subject to shareholder approval. No immediate material impact on shareholders or stock price is expected, though a change or confirmation of statutory auditors is a standard compliance milestone.