Outcome of Board Meeting held today i.e 11-02-2026 for Appointment of Statutory Auditor and other matter
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The board of KCD Industries India Ltd, held on February 11, 2026, approved the appointment of M/s S Parekh & Associates, Chartered Accountants (FRN: 141579W) as the new Statutory Auditor for FY 2025-26, subject to shareholder approval. The board also noted the resignations of the previous Statutory Auditor M/s J. Singh & Associates (FRN: 110266W) and the Secretarial Auditor M/s Deepak Patil & Co., both effective January 23, 2026. Additionally, Executive Director Mr. Akash Tarunkumar Shah resigned effective December 26, 2025, citing the company's non-compliance with SEBI LODR regulations regarding shareholder meetings for the regularisation of directors. The outgoing director confirmed there were no other material reasons for his resignation beyond those stated.
The director's resignation explicitly flags a governance issue (failure to hold shareholder meetings for director regularisation under LODR), which could raise concerns about compliance standards and potentially attract SEBI scrutiny. The back-to-back resignations of both auditors and a director within a short period may dent investor confidence and warrant a closer look at the company's internal controls.