The board of Directors in its meeting held on 28.05.2025 appointed M/s Rishab Aggarwal & Associates as statutory Auditors of the Company to fill the casual vacancy arises due to the resignation ....
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Encode Packaging India Ltd has appointed M/s Rishab Aggarwal & Associates (FRN 028548N) as its new statutory auditor effective 27 May 2025. This appointment fills the casual vacancy created by the resignation of the previous auditor, M/s Sarna & Aggarwal (FRN 0011796C). The new firm, with 14 years of experience in finance, accounting, auditing, and taxation, will conduct the audit for the financial year ending 31 March 2025. The appointment is subject to shareholder approval at the forthcoming general meeting within three months. The board approved this in a meeting held on 28 May 2025. The change is not related to any director, and there is no disclosed relationship between directors and the new auditor.
A mid-term auditor change can raise governance questions for shareholders, especially as the previous auditor resigned before completing the FY25 audit. Investors should watch for the new auditor's report and any disclosures around why the prior auditor stepped down. For now, the impact on operations is limited since a replacement is already in place and shareholder ratification is routine.