BSEGrameva LtdMediumNeutral
Announced Tue, 9 Jun · 14:04 IST

Grameva Limited informed the exchange regarding the appointment of M/s. SDP & Associates as Statutory Auditor of the Company from 09.06.2026 till the conclusion of the 59th Annual General ....

Auditor Resigned MidtermManagement Changes View source PDF

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AI summary

Grameva Limited's board, at a meeting on 9th June 2026, appointed M/s. SDP & Associates, Chartered Accountants (Kolkata, FRN 322176E), as the new Statutory Auditor to fill the casual vacancy caused by the resignation of the previous auditor M/s. Amit Ray & Co. The appointment runs from 9th June 2026 until the 59th AGM on 5th August 2026. The board also recommended reappointing SDP & Associates for a full 5-year term, from the 59th AGM (2026) through the 64th AGM (2031), subject to shareholder approval. SDP & Associates, established in 1993, is a well-known Kolkata-based firm with over 200 clients across multiple sectors and partnerships with major banks and institutions. The company also fixed 29th July 2026 as the e-voting cut-off date, with voting open from 2nd to 4th August 2026 for the 59th AGM to be held via video conferencing.

Likely market impact

The previous auditor M/s. Amit Ray & Co. resigned mid-term, which investors may monitor for any underlying concerns, though no reason was disclosed. Replacing them with a larger, well-established firm like SDP & Associates for a long 5-year term signals a move toward greater audit continuity and stability.