Pursuant to the recommendation of the Audit Committee, the Board of Directors recommended the appointment of statutory auditors M/s KSJ & Co, Chartered Accountants for a consecutive period ....
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The Board of Directors of F Mec International Financial Services Ltd appointed M/s KSJ & Co., Chartered Accountants (FRN: 016024N) as the new Statutory Auditors of the company. They replace the retiring auditors M/s Sanjay K Singhal & Co. The appointment is for five consecutive years, covering the period from the conclusion of the 32nd Annual General Meeting to the conclusion of the 37th AGM. The new auditor firm has given its written consent and confirmed it is eligible and not disqualified to be appointed under the Companies Act, 2013. This was the only matter discussed at the board meeting.
This is a routine auditor rotation at the AGM stage, not a mid-term change, so it is unlikely to materially affect shareholders or the stock price. Shareholders will get to approve the appointment at the upcoming AGM.