Lexus Granito (India) Limited has informed the Exchange regarding Outcome of Board Meeting held on March 24, 2026.
LEXUS · price
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The board of Lexus Granito (India) Limited, at its meeting on March 24, 2026, approved the appointment of M/s. Jitendra Parmar & Associates, Ahmedabad as the new Secretarial Auditor for FY 2025-26. This follows the resignation of the previous Secretarial Auditor, M/s. M. R. Bhatia & Co., effective the same day. The outgoing firm cited pre-occupation with other assignments as the reason for stepping down. Importantly, the company confirmed that the resigning auditor raised no concerns regarding the management or the resignation itself. The newly appointed firm is a peer-reviewed ICSI firm with over 9 years of experience in corporate law, financial management, and related areas.
This is a routine change in the secretarial auditor (not the statutory auditor) with no governance red flags. The clean exit note from the outgoing auditor and the standard 'pre-occupation' reason suggest a normal transition, with no expected material impact on the stock or shareholders.