Intimation of Appointment of Statutory auditor M/s Rafik & Associates
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Family Care Hospitals Ltd has appointed M/s Rafik & Associates (FRN: 146573W), Chartered Accountants, as its new Statutory Auditor with effect from 1 September 2025. This appointment fills a casual vacancy created by the resignation of the previous auditor, S. M. Gupta & Co. The new auditor will hold office until the next Annual General Meeting and, subject to shareholder approval, for a further five-year term. The Board approved the change on the recommendation of the Audit Committee during a meeting held from 3:00 PM to 4:50 PM on the same day.
Auditor changes mid-term can sometimes raise governance concerns, but filling a casual vacancy promptly with a new firm is a routine regulatory requirement. Shareholders should monitor the reason behind the previous auditor's resignation, though no details have been disclosed in this filing.