Appointment under Regulation 30 (LODR)- Appointment of Statutory Auditor
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The board of Darjeeling Ropeway Company Limited, at its meeting on 28 July 2025, approved the appointment of M/s. Sunit M Chhatbar & Co., Chartered Accountants (FRN: 141068W) based in Rajkot as the new statutory auditor. The appointment is to fill a casual vacancy caused by the resignation of the previous auditor and covers a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval. The new auditor holds a peer review certificate (No. 018746) and the proprietor is a Fellow Chartered Accountant with experience in bank audits and tax audits. The board also approved shifting the registered office from Mumbai (Maharashtra) to Rajkot (Gujarat), pending shareholder approval. The 88th Annual General Meeting is scheduled for 19 August 2025 via video conferencing.
Routine governance update with no immediate material impact on shareholders. The mid-term change of auditor and the shift of the registered office from Mumbai to Rajkot are worth noting for governance tracking, but both require shareholder approval at the upcoming AGM before they take full effect.