Confirmation of the appointment of Statutory auditor by the shareholders at the annual general meeting.
Awaiting price reaction for this filing.
Educomp Solutions Ltd has informed the stock exchanges that shareholders at its 31st Annual General Meeting, held on March 10, 2026, approved the appointment of M/s GDR & Associates LLP, Chartered Accountants (FRN: 15088N) as the company's new Statutory Auditor. The auditor has been appointed for a five-year term, starting from the conclusion of the 31st AGM and ending at the conclusion of the 36th AGM, to fill the vacancy caused by the expiry of the previous auditor's term. GDR & Associates LLP is an established firm founded in 1997, with 24 years of experience and 17 partners, 4 of whom specialise in statutory audit. Notably, the filing has been signed by the Caretaker Resolution Professional of the company, confirming that Educomp remains under the Corporate Insolvency Resolution Process (CIRP).
This is a routine governance disclosure required under SEBI listing regulations and is unlikely to have a direct impact on the stock price. However, investors should note that the company is still under insolvency resolution, which remains the key overhang on the stock.