Geekay Wires shareholders approve L B Reddy as new auditor to replace M.M. Palod
GEEKAYWIRE · price
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Geekay Wires Limited shareholders approved the appointment of M/s. L B Reddy and Co, Chartered Accountants as the new statutory auditors through a postal ballot, with 99.90 percent votes in favour. L B Reddy and Co will fill the casual vacancy caused by the resignation of the previous auditor M/s. M.M. Palod and Co. Out of 32,498 shareholders, 105 members voted, with 7.80 crore shares (74.69 percent of total) polled. Promoter group voted fully in favour, and public non-institutions voted 99.46 percent in favour.
Mid-term auditor switch with near-unanimous shareholder backing. Generally seen as routine but investors may watch for any governance concerns behind the prior auditor exit.