Crown Lifters Limited has informed the Exchange regarding Outcome of Board Meeting held on July 07, 2025.
CROWN · price
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Crown Lifters Limited held a board meeting on July 7, 2025, where the Board approved the appointment of M/s Vishwas & Associates, Chartered Accountants (FRN: 143500W), as the new Statutory Auditor. This appointment is to fill the casual vacancy caused by the resignation of the previous auditor, M/s Shiv Pawan & Company. The outgoing auditors did not flag any concerns or issues; their resignation is attributed to reasons in their resignation letter. The new auditor, founded in 2016 by CA Vishwas Kalal and serving over 200 clients, will hold office until the conclusion of the next Annual General Meeting for FY 2025-26. The appointment is subject to shareholder approval at the forthcoming General Meeting.
This is a routine auditor change with no governance red flags, as the outgoing auditor raised no concerns. The appointment of a new mid-sized audit firm is neutral for shareholders and unlikely to materially impact the stock price.