Embassy Developments Limited has informed the Exchange regarding Change in Auditors of the company.
EMBDL · price
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Awaiting price reaction for this filing.
Embassy Developments Limited's board, at its August 26, 2025 meeting, recommended several re-appointments and appointments for shareholder approval at the upcoming 19th AGM. CEO and Executive Director Mr. Sachin Shah has been recommended for re-appointment upon retiring by rotation. Three Independent Directors — Mr. Javed Tapia, Mr. Shyamm Mariwala, and Ms. Tarana Lalwani — have been recommended for a second 3-year term beginning February/March 2026. Statutory Auditors M/s Agarwal Prakash & Co. have been recommended for a second 5-year term covering FY2026–FY2030, while M/s GDR & Partners LLP has been proposed as the new Secretarial Auditor for 5 years. Additionally, M/s Gurvinder Chopra & Co. has been appointed as Cost Auditor for FY2025-26.
These are routine corporate governance re-appointments and a new secretarial auditor appointment — no red flags. The continuation of the existing CEO, independent directors, and statutory auditor suggests board stability, with no expected material impact on the stock price.