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Eastcoast Steel Limited has informed BSE that shareholders at the upcoming 42nd Annual General Meeting on September 29, 2025 will consider the re-appointment of M/s Paresh Rakesh & Associates LLP, Chartered Accountants (Mumbai, FRN: 119728W/W100743) as Statutory Auditors. The existing auditor's 5-year term ends at the conclusion of the 42nd AGM, and the proposed re-appointment is for a further 5-year period, running until the conclusion of the 47th AGM. The firm has been in practice since 1999 and is peer-reviewed, offering auditing, taxation, and advisory services. The re-appointment is subject to shareholder approval at the AGM.
This is a routine corporate governance disclosure with no material impact on shareholders or the stock price. Re-appointment of the same auditor suggests continuity in financial oversight, though investors may review the auditor's track record independently.