Intimation for appointment of auditors
Awaiting price reaction for this filing.
Ashapura Intimates Fashion Ltd has appointed M/s. N.K. Sarraf & Associates, Chartered Accountants (FRN 021945N) as its Statutory Auditors. The appointment is for two consecutive terms of five years each, covering financial years 2018-19 to 2023-24 and 2023-24 to 2027-28, ending with the conclusion of the Annual General Meeting in 2028. The appointment follows a recommendation from the Audit Committee and Board of Directors, and is subject to shareholder approval at the upcoming AGM. N.K. Sarraf & Associates is a chartered accountancy firm established in 2008 offering audit, tax, and advisory services.
This is a routine regulatory disclosure confirming the appointment of statutory auditors and is unlikely to have any material impact on the stock price. Shareholders will get to vote on this appointment at the next AGM.