Approved the appointment of M/s. V. M. & Associates, Company Secretaries, (FRN: P1984RJ039200), (Peer Review No.: 5447/2024) as Secretarial Auditor of the Company for the term of 5 (five) consecutive years commencing from FY 2025-2026 to FY 2029-2030, subject to approval of Members of the Company at the ensuing Annual General Meeting.
BAIDFIN · price
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The Board of Directors of Baid Finserv Limited, at its meeting held on May 16, 2025, approved two key auditor-related decisions. First, it re-appointed M/s. Shiv Shankar Khandelwal & Co., Chartered Accountants (FRN: 006852C), Jaipur, as the Internal Auditor for Financial Year 2025-26. Second, it approved the appointment of M/s. V. M. & Associates, Company Secretaries (FRN: P1984RJ039200), as the Secretarial Auditor for a term of 5 consecutive years covering FY 2025-2026 to FY 2029-2030, subject to shareholder approval at the upcoming Annual General Meeting. M/s. V. M. & Associates is a Jaipur-based firm of practicing company secretaries with over three decades of experience in secretarial audits, due diligence, IPOs, and compliance services across various industries.
This is a routine governance announcement. The re-appointment of the existing internal auditor and the appointment of a new secretarial auditor for a 5-year term (pending shareholder approval) reflect standard compliance practices and are unlikely to have any material impact on the stock price.