Appointment of Statutory Auditors of the Company to fill casual vacancy
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Mahaan Foods Limited has appointed M/s Rakesh Rajesh & Co., Chartered Accountants (FRNo. 012174C), as its new Statutory Auditor with effect from 17th April 2025. The appointment fills the casual vacancy left by the resignation of the previous auditor, M/s R C Sharma & Associates (FRNo. 021847N). The new auditor will hold office only until the conclusion of the company's upcoming 38th Annual General Meeting, meaning shareholders will need to formally ratify or appoint a new auditor at the AGM. Rakesh Rajesh & Co. is described as a practicing chartered accountancy firm handling accounts, taxation, and corporate audits.
The previous auditor resigned before the term ended, which can sometimes raise governance questions, though it is fairly common for small-cap companies. Investors should watch for any further disclosures explaining the prior auditor's resignation and monitor the AGM agenda for the permanent auditor appointment.