Mazagon Dock Shipbuilders Limited has informed the Exchange regarding Change in Auditors of the company.
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Mazagon Dock Shipbuilders has appointed M/s SVJS Associates, Company Secretaries, as its new Secretarial Auditor for a 5-year term covering FY 2025-26 to FY 2029-30. The appointment was approved by shareholders at the company's 92nd Annual General Meeting held on 26 September 2025. SVJS Associates is a peer-reviewed firm established in 2008, operating from four cities (Bangalore, Kochi, Chennai, and Mumbai) with 5 senior partners and over 100 years of combined experience. The firm was awarded 'Best Firm of Practicing Company Secretaries' by ICSI in 2021. The company clarified that there is no relationship between the auditor and its directors.
This is a routine governance disclosure for a Government of India undertaking. The appointment of a well-regarded secretarial auditor for a full 5-year term signals stable compliance oversight and is unlikely to have any material impact on the stock price.