Announcement under Regulation 30 (LODR) - Appointment of Statutory Auditor
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The board of Corporate Merchant Bankers Ltd has recommended appointing M/s. Shweta Jain & Co LLP, Chartered Accountants (FRN: 127673W), based in Thane, as the new Statutory Auditor for FY 2025-26. This appointment is to fill a casual vacancy caused by the resignation of the previous auditor, M/s. J Singh & Associates. The new auditor firm was established in January 2006 and holds peer review certificate number 015220. The appointment is subject to shareholder approval at a general meeting to be held within three months from the board recommendation date of February 6, 2026. The board meeting was held at the company's Ahmedabad corporate office from 5:30 PM to 7:15 PM.
This signals a mid-term auditor change, which shareholders should watch closely as sudden auditor resignations can sometimes hint at governance or financial reporting concerns. However, the appointment of a peer-reviewed LLP firm is a routine compliance step pending shareholder approval.