Ghcl Textiles Limited has informed the Exchange regarding Appointment of chnage of managment as Other of the company w.e.f. April 01, 2026.
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GHCL Textiles' board, at its meeting on April 30, 2026, recommended appointing Deloitte Haskins & Sells Chartered Accountants LLP as the new Statutory Auditor for a five-year term covering FY 2026-27 to FY 2030-31, subject to shareholder approval at the 6th AGM. The board also re-appointed SPMB & Co. LLP as Internal Auditor for FY 2026-27, and R J Goel & Co. as Cost Auditor for FY 2026-27. The Deloitte firm, constituted in 1997 and based in Ahmedabad, is a well-known large audit network. The other two firms were re-appointed to comply with the Companies Act, 2013. The NSE headline about a 'change in management' appears to be a mislabeling; the filing itself is entirely about auditor appointments.
No material impact on shareholders — these are routine audit-related appointments required under company law. Switching to a Big Four-affiliated statutory auditor (Deloitte) may strengthen audit credibility, but the change is not a cause for concern. Shareholders will vote on the Deloitte appointment at the upcoming AGM.