Announced Mon, 11 Aug · 17:05 IST

The Board approved that the tenure completion of M/S Praksh Tekwani & Associates, Chartered Accountants, as the statutory auditor of the company

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AI summary

The Board of Last Mile Enterprises Ltd has noted the completion of the tenure of M/s Praksh Tekwani & Associates, Chartered Accountants as the statutory auditor of the company. This indicates the end of the auditor's scheduled term in line with regulatory rotation norms under the Companies Act. The company will likely appoint a new statutory auditor to fill the vacancy. No details on the new appointment or the reason for the end of the term were disclosed in this filing.

Likely market impact

This is a routine corporate event typically linked to the mandatory auditor rotation. It is generally neutral for shareholders unless it coincides with concerns about financial reporting. Investors should watch for the appointment of the new auditor to confirm continuity of oversight.