Intimation of appointment of statutory auditor in material wholly owned subsidiary company to fill the casual vacancy due to resignation.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Astal Laboratories Ltd's material wholly owned subsidiary, Sriven Pharmachem India Private Limited (Sriven), has appointed M/s. Khedar Ankur & Associates, Chartered Accountants (Firm Reg. No. 040042N), as its new Statutory Auditor effective 19th May 2026. This appointment fills the casual vacancy created by the resignation of the previous auditor, M/s. Balaji V & Co., which the parent company had already disclosed on 14th May 2026. The new auditor is a Delhi-based proprietorship firm led by CA Ankur Khedar, offering statutory audits, tax advisory, and regulatory compliance services. The board of the subsidiary approved the appointment in its meeting held on 19th May 2026.
The resignation of the prior auditor in a material subsidiary may signal governance review or disagreement, though the timely replacement mitigates disruption. Shareholders should note the subsidiary-level change and monitor for any underlying reasons behind the auditor's exit.