Appointment of Sharp & Tannan, Chartered Accountants as statutory auditors of the Company for the FY 2025-26 to fill the casual vacancy.
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At a board meeting on 8th December 2025, Soma Papers and Industries Limited appointed Sharp & Tannan, Chartered Accountants as the new Statutory Auditors for FY 2025-26, to fill the casual vacancy created by the resignation of the previous auditors M/s GMJ & Co., Chartered Accountants. Sharp & Tannan is a well-known firm with pan-India presence, 22 partners, 500+ staff, and over seven decades of experience auditing listed companies. The appointment is subject to shareholder approval at the next general meeting. The filing was signed by the Whole-time Director & CFO, indicating routine compliance disclosure.
The mid-term switch of statutory auditors is something investors should monitor, as it sometimes signals disagreements on accounting or governance. Replacing a smaller firm (GMJ & Co.) with a larger, more established firm (Sharp & Tannan) may be viewed neutrally or positively, but shareholders should watch for any forthcoming disclosures on why GMJ & Co. resigned.