Appointment/Re-appointment of Internal Auditor, Statutory Auditor and Secretarial Auditor of Company
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Gujarat Poly Electronics Limited announced three auditor-related decisions at its board meeting on 5th May 2025. M/s Chokshi & Chokshi LLP has been re-appointed as Internal Auditor for FY 2025-26. M/s G.M. Kapadia & Co, a Chartered Accountants firm established in 1938, has been appointed as Statutory Auditor for a 5-year term from the 36th AGM (2025) to the 41st AGM (2030), subject to shareholder approval. Additionally, Mr. Tushar Shridharani, a Company Secretary with over three decades of experience, has been appointed as Secretarial Auditor for a 5-year term from FY 2025-26 to FY 2029-30, also subject to shareholder approval. All appointments are subject to shareholder nod at the upcoming AGM.
These are routine governance-related appointments with no negative implications for shareholders. The new statutory auditor G.M. Kapadia & Co is a well-established firm, which should be viewed positively from a governance standpoint.