Garuda Construction and Engineering Limited has informed the stock exchange about Appointment and Resignation of Secretarial Auditor.
GARUDA · price
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Garuda Construction and Engineering Limited's board meeting on May 30, 2026 approved the resignation of Ms. Aakruti Somani as Secretarial Auditor and appointed M/s Ketan Vyas & Company in her place for Financial Year 2025-26. Ms. Somani cited professional commitments and differences in approach regarding the scope and complexity of the audit as reasons for her mid-term resignation. The new auditor, Ketan Vyas & Company, is a peer-reviewed firm of Company Secretaries based in Indore with over 8 years of experience in corporate compliance, SEBI regulations, and corporate governance advisory. Both changes took effect on May 30, 2026.
This is a routine corporate governance event involving a change in external compliance service provider. The company has promptly replaced the departed auditor with a qualified peer-reviewed firm, which should ensure continuity of secretarial audit functions. There is no material impact on operations or shareholder value.