Gujarat Industries Power Company Limited has informed the Exchange regarding Change in Auditors of the company.
GIPCL · price
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Gujarat Industries Power Company (GIPCL) has appointed M/s. K C Mehta & Company LLP, a Vadodara-based Chartered Accountancy firm, as its new Statutory Auditors. The appointment is for a five-year term covering FY 2025-26 to FY 2029-30, effective from the conclusion of the upcoming 40th Annual General Meeting until the conclusion of the 45th AGM. The decision was approved by the Board on August 12, 2025, on the recommendation of the Audit Committee. K C Mehta & Co is a well-established firm with over 400 members across four offices in India and more than 20 partners, offering services ranging from statutory audit to forensic audit and tax advisory. The filing notes no relationship between the auditor firm and the company's directors.
This is a routine statutory auditor rotation, not an unexpected resignation, so it should not materially affect shareholder confidence or the stock price. It reflects compliance with standard audit rotation norms under the Companies Act.