Outcome of Board Meeting held on 29th August 2025
Price
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Awaiting price reaction for this filing.
The Board of Directors of Lake Shore Realty Ltd (formerly Mahaan Foods Limited) met on 29th August 2025 and approved two key appointments. First, M/s PGS & Associates, Chartered Accountants (FRN: 122384W) has been recommended as the new Statutory Auditor for a 5-year term, from the conclusion of the 38th Annual General Meeting until the 43rd AGM, replacing the outgoing auditors M/S R C SHARMA & ASSOCIATES (FRN: 021847N). This appointment is subject to shareholder approval at the upcoming AGM. Second, CS Dipti Dharmesh Zaveri, Practicing Company Secretary (COP: 12575), has been appointed as the Secretarial Auditor for FY 2025-26. PGS & Associates is a firm founded in 1979, currently led by 4 partners with over 95 years of combined experience, including Big 4 background. The Secretarial Auditor is a Mumbai-based firm with over 15 years of experience in secretarial and corporate law matters.
This is a routine corporate governance update with no direct impact on stock price or shareholder value. The auditor change is standard upon expiry of the previous auditor's term, and both new appointees appear well-qualified. Shareholders will need to approve the new Statutory Auditor at the upcoming AGM.