Kolte - Patil Developers Limited has informed the Exchange regarding Change in Auditors of the company.
KOLTEPATIL · price
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Kolte-Patil Developers has appointed M/s. Mehta & Mehta, a peer-reviewed firm of Company Secretaries, as the new Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval at the next AGM. The decision was approved by the Audit Committee and Board on 29 August 2025. Consequently, the existing Secretarial Auditor, M/s. SVD & Associates, has ceased to hold the position. Mehta & Mehta is a 25-year-old firm promoted by Atul Mehta and Dipti Mehta, offering legal and secretarial consultancy services.
This is a routine governance change in line with regulatory requirements and is unlikely to have any material impact on shareholders or the stock price. The new auditor brings over 25 years of experience in corporate secretarial work, which should support the company's compliance functions.