Axita Cotton Limited has informed the Exchange regarding Change in Auditors of the company.
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Axita Cotton Limited has informed the stock exchanges about a change in its statutory auditor. The previous auditor, M/s. Mistry & Shah LLP (FRN: W100683), resigned, creating a casual vacancy. To fill this vacancy, the Board of Directors, at its meeting on August 25, 2025, approved the appointment of M/s. P K N & Co., Chartered Accountants (FRN: 137148W), subject to shareholder approval at the upcoming Annual General Meeting. The Board has also proposed appointing M/s. P K N & Co. as Statutory Auditors for a full five-year term, again pending shareholder approval. The appointment was recommended by the company's Audit Committee. The new firm holds a valid peer review certificate and offers audit, tax, and advisory services.
This is a routine mid-term auditor change with no stated governance concerns. The resignation of the previous auditor creates a casual vacancy but the company has quickly appointed a replacement with a valid peer review certificate, which should help maintain audit continuity. Shareholders will vote on the appointment at the AGM.