The Board at their meeting held on today and on recommendation of Audit Committee recommended the appointment of M/s TDK & Co., Chartered Accountants for a period of five consecutive years ....
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The Board of Directors of Decillion Finance Ltd, at a meeting held on the same day and on the recommendation of the Audit Committee, has recommended the appointment of M/s TDK & Co., Chartered Accountants, as statutory auditors of the company. The appointment is proposed for a period of five consecutive years, subject to shareholder approval. No specific financial figures or reasons for the change in auditors were disclosed in the filing.
This is a routine governance update and signals a change in the company's statutory auditor, which is typically subject to shareholder approval. The five-year tenure suggests continuity, and the market impact is likely neutral unless shareholders raise concerns about the change.