BSELake Shore Realty LtdMediumNeutral
Announced Fri, 29 Aug · 16:41 IST

Appointment of CS Dipti Zaveri, Practising Company Secreatary as the Secretarial Auditor of the Company

Management Changes View source PDF

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AI summary

The board of Lake Shore Realty Ltd (formerly Mahaan Foods Ltd), at its meeting on August 29, 2025, approved two auditor appointments. M/s PGS & Associates, Chartered Accountants (FRN 122384W) has been recommended as the new Statutory Auditor for a 5-year term, from the 38th AGM to the 43rd AGM, replacing R C Sharma & Associates whose term is expiring. The board also approved the appointment of CS Dipti Zaveri, Practicing Company Secretary, as the Secretarial Auditor for FY 2025-26. Both appointments were recommended by the Audit Committee and the Statutory Auditor appointment requires shareholder approval at the upcoming AGM.

Likely market impact

This is a routine governance update with no material impact on shareholders. The statutory auditor change is a standard rotation upon expiry of the existing auditor's term rather than a midterm resignation, and the secretarial auditor appointment is an annual regulatory requirement, indicating stable corporate governance.