Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Appointment of Statutory Auditors
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Bilcare's Board, at its 14 August 2025 meeting, approved the appointment of M/s. Patki & Soman, Chartered Accountants (Firm Registration No. 107830W) as the new Statutory Auditors. This fills the casual vacancy created by the resignation of the previous auditor, M/s. Sharp & Tannan Associates. The change was made to align auditors across Bilcare and its key subsidiary, Caprihans India Limited, after the subsidiary's auditor term ended under the Companies Act, 2013. Patki & Soman has over 6 decades of experience and holds a valid peer review certificate. The firm is also proposed for a full 5-year term (until the AGM for FY ending 31 March 2030), subject to shareholder approval at the upcoming 38th AGM.
This is a routine auditor rotation aimed at streamlining audit across the group. No governance red flags are evident — the outgoing auditor resigned voluntarily to enable consolidation, and the new auditor is well-established. Shareholders should expect no material impact on the stock; the proposal will need their approval at the AGM.