Elgi Equipments Limited has informed the Exchange regarding Change in Auditors of the company.
ELGIEQUIP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.0 pts less than Nifty Smallcap 250 and 1.7 pts less than its Compressors Pumps & Diesel Engines peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Elgi Equipments Limited's Board has recommended appointing M/s. MDS & Associates LLP, a Coimbatore-based firm of practicing Company Secretaries, as its new Secretarial Auditor. The appointment is for a first term of five consecutive years, covering FY 2025-26 to FY 2029-30, and is subject to shareholder approval at the upcoming 65th Annual General Meeting. This appointment is being made to comply with amended Regulation 24A of the SEBI Listing Regulations. MDS & Associates LLP has over 35 years of collective experience and 3 partners, serving clients across India in corporate governance and secretarial audit work. The Board meeting took place on June 24, 2025.
This is a routine regulatory compliance update and a standard appointment of a secretarial auditor, not a financial auditor. It is unlikely to have any material impact on the stock price or shareholder value.