Appointment of Statutory Auditor of the Company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Avance Technologies Ltd's Board of Directors has appointed M/s. A. Raghavendra Rao & Associates as the new Statutory Auditors effective May 20, 2026. This appointment fills a casual vacancy created by the resignation of the previous auditor, M/s. Rishi Sekhri & Associates. The new auditor is a partnership firm established in 1986 with nearly 40 years of professional experience in audit, taxation, and assurance services across diverse sectors including banking, IT, and infrastructure. The appointment is subject to approval by the shareholders of the Company.
The mid-term resignation of the previous auditor and appointment of a new one may raise minor concerns among investors about the reason for the change, though the new firm appears well-established. Shareholder approval is required before the appointment becomes final.