Hitech Corporation Limited has informed the Exchange regarding Appointment of M/s. Nilesh Shah & Associates as Secretarial Auditor of the company for a period of 5 years from FY 2025-26 to FY 2029-30
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Hitech Corporation Limited has appointed M/s. Nilesh Shah & Associates as its Secretarial Auditor for a five-year period covering FY 2025-26 through FY 2029-30. This is a routine compliance requirement under the Companies Act, 2013, which mandates that companies appoint a Secretarial Auditor to conduct periodic audits. The firm is taking on a fresh, full-term engagement rather than replacing an outgoing auditor mid-cycle. No details about the outgoing auditor or any governance concerns have been disclosed.
This is a neutral, standard corporate governance action and is unlikely to have any material impact on the stock price or shareholder value. Investors should view it as routine compliance housekeeping.