Announced Fri, 29 May · 17:36 IST

APPOINTMNET OF STATUTORY AUDITOR BY THE BOARD OF DIRECTORS, SUBJECT TO THE APPROVAL OF THE SHAREHOLDERS IN THE ENSUING ANNUAL GENERAL MEETING.

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+0.2%1-day move
₹86.35
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AI summary

The Board of Directors of Hi-Klass Trading and Investment Ltd approved the appointment of M/s S. Jaykishan (FRN 309005E), represented by Mr. Ritesh Agarwal, as the Statutory Auditor for a term of five years, from the conclusion of the 33rd Annual General Meeting until the conclusion of the 38th Annual General Meeting. This appointment is subject to shareholder approval at the ensuing AGM. The company's current statutory auditor is M/s Biswas Dasgupta Datta and Roy, who audited the FY2026 financial results and issued an unmodified opinion. Additionally, the board appointed M/s Anjali Jain & Associates as Internal Auditors effective May 29, 2026 for FY 2026-27. The audited financial results for Q4 and FY ended March 31, 2026 were also approved in the same meeting, reporting total income of Rs 463.62 Lakhs.

Likely market impact

This is a routine auditor transition following completion of the current auditor's term. Shareholders will vote on the new appointment at the ensuing AGM. No immediate material impact on stock price expected from this governance update.