Manpasand Beverages Limited has informed the Exchange regarding Change in Auditors of the company.
Awaiting price reaction for this filing.
Manpasand Beverages Limited has informed the stock exchanges that M/s BAGARIA & CO LLP, Chartered Accountants, has resigned as the company's Statutory Auditor. The company states that no concerns were raised by the outgoing auditor and no material reason was given for the resignation. To fill the casual vacancy, the Board has appointed M/s Jayesh Sanghrajka & Co. LLP as the new Statutory Auditor for FY 2020-21, subject to shareholder approval. Additionally, Ms. Bijal Hitesh Mehta has been appointed as Internal Auditor and M/s D N Vora & Associates as Secretarial Auditor, both for FY 2020-21. All changes were approved at the Board meeting held on 24th April 2025.
While the company claims no concerns were raised by the outgoing auditor, an abrupt auditor change without a stated reason can raise governance red flags for investors. Notably, the appointments reference FY 2020-21 in April 2025, suggesting significant delays in audit-related matters, which shareholders should monitor closely.