The board of directors in their meeting held today has appointed M/s. Balaji and Thulasiraman as statutory auditors of the company for a period of 5 years from the conclusion of 14th Annual ....
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Garment Mantra Lifestyle Limited's board, at its meeting on 6 September 2025, approved the appointment of M/s. Balaji and Thulasiraman (FRN: 007262S) as the new statutory auditors of the company for a period of 5 years, from the conclusion of the 14th Annual General Meeting until the conclusion of the 19th AGM. They will replace the retiring auditors M/s. N B T & Co (FRN: 140489W), whose term is expiring at the 14th AGM. The new audit firm was established in 1996 and has over 32 years of experience in statutory audit, bank audit, internal audit, and taxation, and holds a valid peer review certificate from ICAI. The appointment is subject to shareholder approval at the ensuing AGM.
This is a routine auditor rotation at the end of the existing auditor's term, not a mid-term resignation, so it is unlikely to have any material impact on the stock. Shareholders will get to approve the new auditors at the upcoming AGM.