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Bhakti Gems and Jewellery Limited (Scrip Code: 540545) has informed the stock exchanges that its Board of Directors, at a meeting held on 13 October 2025, appointed M/s. Shah Karia & Associates (ICAI Firm Registration No. 131546W) as the new Statutory Auditor of the company, subject to shareholder approval. The change was made on the recommendation of the Audit Committee because the tenure of the previous auditor, M/s. AKGVG & Associates, had expired. Shah Karia & Associates, established in 2010, is an Ahmedabad-based chartered accountancy firm offering audit, tax, advisory, risk management, and transaction advisory services. The appointment will take effect once approved by the company's shareholders.
This is a routine auditor rotation after the previous auditor's term expired, which is normal corporate governance practice. It is unlikely to have a material impact on the stock price, but shareholders should note the proposed change and may vote on it at the upcoming general meeting.