Corrigendum to 35th AGM notice. Addition of Item No:04 Appointment of DPV & Associates Statutory Auditor ( Ordinary Resolution )
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Jumbo Bag Limited has issued a corrigendum to its 35th AGM notice adding a new item (Item No. 04) for shareholder approval to appoint M/s DPV & Associates (FRN: 011688S), Chartered Accountants, as Statutory Auditors of the Company up to the 40th AGM. This follows the mid-term resignation of the previous auditors M/s Venkatesh & Co. effective December 21, 2024, which was triggered by an NFRA order issued against two of their partners who had been appointed as auditors at the August 2023 AGM. DPV & Associates was appointed by the Board on December 24, 2024 to fill the resulting casual vacancy, and shareholder approval was obtained at an EGM on January 22, 2025, until the end of the 35th AGM. The corrigendum now seeks to extend DPV & Associates' tenure from the end of the 35th AGM to the 40th AGM. The 35th AGM is scheduled for September 4, 2025 via video conferencing.
The filing secures continuity of audit after the previous auditor was forced out due to NFRA action against its partners, which is a notable governance concern for shareholders. Extending DPV & Associates through the 40th AGM avoids repeated re-appointments but locks in a relatively new auditor relationship prompted by a regulatory issue.