Madhav Copper Limited has informed the Exchange regarding Outcome of Board Meeting held on July 29, 2025.
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Madhav Copper Limited's board, at its meeting on July 29, 2025, approved the appointment of M/s P G Hemani & Co, Chartered Accountants (Bhavnagar), as the new Statutory Auditor of the company. This appointment is to fill the casual vacancy caused by the resignation of the previous auditor, M/s Nirav Patel & Co. The new auditor will serve for a five-year term covering FY2025-30, subject to shareholder approval at the upcoming 13th Annual General Meeting. M/s P G Hemani & Co has over 35 years of experience in financial services audits and holds a valid peer review certificate.
This is a routine mid-term auditor change. The appointment of a new auditor with relevant experience is neutral for shareholders, though the resignation of the previous auditor may warrant a quick check on whether any audit-related concerns prompted the change. No immediate impact on stock price is expected.