Appointment of M/S. Alvi & Associates (FRN: 161053W), As Statutory Auditor of the Company On the recommendation of Audit Committee For the financial tear 2025-26 Subject to the Approval ....
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Aten Papers & Foam Limited held a board meeting on 25th November 2025 and approved two key appointments. M/s. Alvi & Associates (FRN: 161053W), an Ahmedabad-based partnership firm founded in 2024, has been appointed as the new Statutory Auditor for FY 2025-26, filling a casual vacancy caused by the resignation of the earlier auditor. Separately, Mr. Zuned Lakhani, a finance professional with over 15 years of experience in the paper industry, has been appointed as the Chief Financial Officer (CFO) with immediate effect. The auditor appointment is subject to shareholder approval at a general meeting to be held within three months.
The mid-term auditor change (filling a casual vacancy) may draw some governance scrutiny from investors, though it is a routine procedural matter. The CFO appointment of a likely promoter family member (sharing the Lakhani surname with Managing Director Mohamedarif Lakhani) signals continued family-led management of the company.