Intimation of Change in Auditors.
Awaiting price reaction for this filing.
Burnpur Cement shareholders approved the appointment of M/s. Bhagi Bhardwaj Gaur & Co., Chartered Accountants (FRN: 007895N), as the new Statutory Auditor, filling the casual vacancy caused by the resignation of the previous auditor M/s Agarwal HP & Associates, who resigned on 10th June 2025. The new statutory auditor has been appointed for a five-year term, from the conclusion of the 39th AGM until the conclusion of the 44th AGM. Additionally, M/s M & A Associates, Practicing Company Secretaries, was appointed as Secretarial Auditor for five consecutive financial years from FY2025-26 to FY2029-30. The new statutory auditor is a Delhi-based firm with over 36 years of experience in audit, taxation, and corporate law matters.
The mid-term exit of the previous auditor (Agarwal HP & Associates) and the appointment of a new firm may raise governance questions, though it is not uncommon. Shareholders should watch for any further disclosures about the reasons behind the previous auditor's resignation, as the company has not elaborated on this in the filing.