Bodal Chemicals Limited has informed the Exchange about General Updates
BODALCHEM · price
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Bodal Chemicals has informed exchanges that its statutory auditor, Naresh J. Patel & Co. (FRN: 123227W), is proposing to merge with B N P S and Associates LLP (FRN: 008127S/S200013) in August 2025. The current auditors were appointed for a 5-year term from September 2022 to 2027. Post-merger, the company plans to appoint the merged entity (BNPS and Associates LLP) as statutory auditor for the remaining period covering FY2025-26 and FY2026-27. BNPS has 14 partners, 5 offices, and over 27 years of experience auditing listed companies. The company will seek fresh approval from its Board and shareholders shortly to formalize this change.
This is a routine structural change at the audit firm level and not a resignation or governance concern. The merged entity is larger and claims continuity of audit quality, so shareholders should not see any disruption. No material impact on the stock is expected.