Intimation of appointment of the Statutory Auditors of the Company at the Extra-Ordinary Meeting of the Shareholders held on January 21, 2026.
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At an Extraordinary General Meeting held on January 21, 2026, shareholders approved the appointment of M/s. Sharp & Tannan, Chartered Accountants (Firm Reg. No. 003792S) as the new Statutory Auditors of the company. This appointment fills a casual vacancy caused by the resignation of the previous auditors, M/s. GMJ & Co. The new auditors will hold office until the next Annual General Meeting and will conduct the statutory audit for the financial year ending March 31, 2026. Sharp & Tannan is a well-established firm with pan-India presence across 10 cities, over 500 staff, and 22 partners, with seven decades of experience auditing listed entities. The Board first recommended this change at its meeting on December 8, 2025, before seeking shareholder approval.
The mid-term change of statutory auditors — where the previous auditor (GMJ & Co.) resigned before completing its term — is a governance red flag that investors should monitor closely. While the appointment of a reputed firm like Sharp & Tannan is reassuring, retail shareholders should watch for any forthcoming disclosures explaining why the prior auditor stepped down.