Announced Sat, 30 May · 18:08 IST

Garuda Construction and Engineering Limited has informed the stock exchange about Appointment and Resignation of Secretarial Auditor.

Management Changes View source PDF

GARUDA · price

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Price reaction · full curve 14 horizons · vs prior close
+0.7%1-day move
₹172.15
prior close
₹171.05
base price
After-mkt
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5m10m15m30m1D2D3D4D5D7D15D1M2M3M
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AI summary

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.

Likely market impact

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.