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Awaiting price reaction for this filing.
The Board of Directors of Mach Conferences & Events Limited (MCEL) has recommended the re-appointment of M/s. Gulati Sandeep & Co., Chartered Accountants (Firm Registration No. 008694N) as the Statutory Auditor of the Company. This will be their second term, covering five consecutive years from the conclusion of the 21st Annual General Meeting (AGM) until the conclusion of the 26th AGM to be held in 2030. The recommendation follows the Audit Committee's suggestion and is subject to shareholder approval at the ensuing AGM. The current firm is completing its first five-year term as statutory auditor.
This is a routine governance event — continuation of the existing auditor with no change in audit firm. No material impact expected on the stock price or shareholders; the re-appointment still requires shareholder approval at the upcoming AGM.