Elgi Rubber Company Limited has informed the Exchange regarding Change in Auditors of the company.
ELGIRUBCO · price
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Elgi Rubber Company informed the exchange that its existing statutory auditor, M/s. Arun & Co., Chartered Accountants, has changed its legal structure from a sole proprietorship to a partnership firm (by admitting CA A Adityan as a new partner effective 1st June 2025). This structural change created a casual vacancy, which the board filled by re-appointing the same firm in its new partnership form, subject to shareholder approval at the 19th AGM on 11th August 2025. The board also recommended re-appointing M/s. Arun & Co. as statutory auditors for a fresh 5-year term, from the conclusion of the 19th AGM to the 24th AGM in 2030. The ICAI Firm Registration Number (014464S) and peer review certificate remain unchanged, and the firm has 2 partners with 12+ years of experience in audit, tax and advisory services.
This is a procedural change driven by the auditor firm's internal restructuring, not a governance red flag. The same audit firm continues in a new legal form, so audit continuity is maintained. Shareholders will need to approve the appointment at the upcoming AGM, but there is no material impact expected on the stock or operations.