Auro Laboratories Limited hereby intimates about the resignation of Statutory Auditor of the Company with effect from August 23, 2025.
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Auro Laboratories Ltd informed that its Statutory Auditor, M/s Kothari Jain & Associates (FRN 113041W), resigned effective August 23, 2025, citing pre-occupation with personal and professional commitments. The auditor, who had been appointed for FY2023-24 to FY2027-28, confirmed there are no concerns, disputes, or suppressed information related to the company's management. To fill the casual vacancy, the Board appointed M/s B.L. Dasharda & Associates (FRN 112615W) as the new Statutory Auditor from August 24, 2025, and also proposed their appointment for a 5-year term from the 36th AGM to the 41st AGM, subject to shareholder approval. Additionally, the Board approved the re-appointment of Mrs. Kavita Vijayakant Sharma as Non-Executive Independent Director for a second 5-year term from February 11, 2026, the appointment of CS Padma Tapariya as Company Secretary and Compliance Officer effective October 1, 2025, and the appointment of M/s GMJ & Associates as Secretarial Auditors for 5 years from April 1, 2025.
The auditor change appears routine with no governance red flags raised by the outgoing auditor. Shareholders should note that the appointment of the new statutory auditor is subject to approval at the 36th AGM on September 25, 2025; this is unlikely to have a material impact on the stock price.