EASTSILKNSEEastern Silk Industries Limited· Textile ProductsMediumNeutral
Announced Tue, 7 Jul · 15:03 IST

New statutory auditor appointed to fill casual vacancy after previous auditor's resignation

Auditor Resigned MidtermManagement Changes View source PDF

EASTSILK · price

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Price reaction · full curve 14 horizons · vs prior close
-5.1%1-day move
₹51.30
prior close
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-5.1-2.5-1.6-2.5-5.0-5.1+10.6
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AI summary

Eastern Silk Industries appointed M/s Vyas and Vyas, Chartered Accountants (FRN: 000590C) as the new statutory auditor effective July 7, 2026. This appointment fills the casual vacancy caused by the resignation of the prior auditor, M/s B K Shroff and Co. The new auditor will hold office until the conclusion of the next Annual General Meeting. Vyas and Vyas is an ICAI peer-reviewed firm with experience in statutory, tax, and internal audits. The change was approved by the Board on the recommendation of the Audit Committee and is subject to shareholder approval.

Likely market impact

Auditor change at the company. Prior auditor resigned mid-term; a new ICAI peer-reviewed firm is appointed until the next AGM. Monitor for governance signals.