Bodal Chemicals Limited has informed the Exchange regarding 'Intimation regarding Merger of M/s Naresh J Patel & Co. (Statutory Auditors) with M/s. B N P S AND ASSOCIATES LLP'.
BODALCHEM · price
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Bodal Chemicals' statutory auditor firm, M/s Naresh J Patel & Co. (FRN: 123227W), has merged with M/s B N P S and Associates LLP (FRN: 008127S/S200013) effective 18th September 2025. The merged entity, B N P S and Associates LLP, has 14 partners and offices across Ahmedabad, Rajkot, Raichur, and Bangalore. The original five-year auditor appointment runs from the 36th AGM (26 September 2022) until the 41st AGM in 2027, and the remaining term will continue seamlessly under the new merged firm. The Board approved this on 12th August 2025, and shareholder approval will be sought at the AGM scheduled for 26th September 2025. All professional engagements of the previous auditor carry over without interruption.
This is a routine firm-level merger of the statutory auditor and does not change the audit tenure, which continues until 2027. No material impact on shareholders or the stock is expected since the audit engagement continues seamlessly under a larger firm with broader capabilities.