Announced Mon, 8 Dec · 15:27 IST

Appointment of Sharp & Tannan, Chartered Accountants as statutory auditors of the Company for the FY 2025-26 to fill the casual vacancy caused due to resignation.

Auditor Resigned MidtermManagement Changes View source PDF

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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Awaiting price reaction for this filing.

AI summary

Soma Papers and Industries Limited (listed as KS Smart Technologies Ltd on BSE) has appointed Sharp & Tannan, Chartered Accountants (Firm Reg. No. 003792S) as its new statutory auditor for FY 2025-26. The appointment is to fill a casual vacancy caused by the resignation of the previous auditor, M/s GMJ & Co. (ICAI Firm Reg. No. 103429W). The appointment is subject to shareholder approval at the next general meeting. Sharp & Tannan is a well-established firm with a pan-India presence across 10 cities, over 500 staff, and 22 partners, with seven decades of listed-entity audit experience.

Likely market impact

For shareholders, this is a routine mid-year auditor change. A reputable national-level firm replacing the previous auditor may be viewed positively on governance, but the abrupt resignation of GMJ & Co. warrants scrutiny — investors should watch for any further disclosures about why the prior auditor stepped down.