New statutory auditor appointed to fill casual vacancy

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AI summary

Board appointed M/s AD Goyal & Associates as the new statutory auditor to fill the casual vacancy caused by the resignation of the previous auditor. The appointment is effective from August 31, 2026, until the conclusion of the next general meeting, where shareholder approval will be sought.

Likely market impact

Auditor change mid-tenure may raise governance questions; investors should seek clarity on why the prior auditor resigned.