BSEShree Rajeshwaranand Paper Mills LtdHighNegative
Announced Tue, 1 Sept, 2026 · 18:52 IST
Auditor resigns mid-term; AGMs for two years delayed pending NCLT order
Price reaction
Awaiting price reaction for this filing.
AI summary
Statutory auditor K P J and Co resigned mid-term citing other professional commitments. H. L. Saini and Co appointed as new auditor to fill the casual vacancy till the next AGM. Separately, NCLT Ahmedabad has allowed one month extension to conduct pending AGMs for FY 2024-25 and FY 2025-26, as the company is completing procedural formalities after approval of a resolution plan and capital reduction. The filing refers to the firm as a Corporate Debtor with a Successful Resolution Applicant, indicating it is emerging from an insolvency process.
Likely market impact
Auditor exit mid-term plus two years of pending AGMs point to weak governance and ongoing post-IBC restructuring. Investors should track the AGM outcome closely.