BSEAlstone Textiles (India) LtdLowNeutral
Announced Sat, 31 May · 16:49 IST

Disclosure of Appointment of Statutory Auditor "VRSK & Associates" w.e.f 31.05.2025

Management Changes View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Alstone Textiles (India) Ltd has appointed M/S VRSK & Associates (Firm Registration No. 011199N), a Chartered Accountants firm based in Rohtak, Haryana, as its new Statutory Auditor with effect from 31st May 2025. The appointment was made on the recommendation of the Audit Committee and will be placed before shareholders for approval at the next general meeting, to be held within three months. The auditor will hold office until the conclusion of the next Annual General Meeting. The firm has provided a consent certificate confirming its eligibility under Section 139 of the Companies Act, 2013, with no pending disqualifications or disciplinary proceedings. The disclosure was signed by Managing Director Deepak Kumar Bhojak.

Likely market impact

This is a routine regulatory disclosure regarding the appointment of a statutory auditor. There is no material impact on shareholders or the stock price, as auditor changes at small-cap companies are common and this appointment appears to follow standard compliance procedures.