CARYSIL LIMITED has informed the Exchange regarding Change in Auditors of the company.
CARYSIL · price
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The Board of Carysil Limited approved several matters at its March 20, 2026 meeting. BDO India LLP was appointed as Internal Auditor and M/s S.S. Puranik & Associates as Cost Auditor for FY 2026-27. The deadline for using the balance capital expenditure funds from the July 2024 QIP was extended by one year, from March 31, 2026 to March 31, 2027, with no change in the stated purpose of the funds. The company also approved an internal restructuring to merge its UK step-down subsidiary Carysil Brassware Limited (which contributed about 1.44% of consolidated turnover) into Carysil Products Limited, followed by a voluntary strike-off of CBL. Another dormant wholly-owned subsidiary, Carysil Ceramictech Limited, was also approved for voluntary strike-off as it never commenced operations. Additionally, the UK step-down subsidiary Carysil Products Limited will acquire 100% of Setu Capital Limited, UK, for an enterprise value of about GBP 2.27 million (GBP 325,000 cash plus assumed liabilities), to acquire an office property on Monk Street in central London.
Routine auditor changes and the strike-off of non-operating subsidiaries are housekeeping with no material financial impact. The GBP 2.27 million London property acquisition signals a strategic UK real estate footprint, while the one-year QIP fund-use extension modestly delays but does not alter the planned capex deployment.