Announced Sat, 13 Dec · 12:25 IST

as per the pdf attached

Auditor Resigned MidtermManagement Changes View source PDF

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Awaiting price reaction for this filing.

AI summary

Mega Nirman & Industries Ltd's Board of Directors, at its meeting held on 12 December 2025 (revised from an earlier incorrectly dated intimation), approved the appointment of M/s Krishan Rakesh & Co., Chartered Accountants (FRN: 009088N), as the new Statutory Auditor for FY 2025–26. This appointment fills the casual vacancy caused by the resignation of the previous auditor, M/s ANSK & Associates, Chartered Accountants, effective 12 December 2025. The appointment is subject to shareholder approval at the next general meeting. The new auditor firm was established in 1989 and holds a valid ICAI peer review certificate.

Likely market impact

For shareholders, this is a routine mid-term change in auditor triggered by the prior auditor's resignation. Auditor changes warrant a watch for any governance red flags, though no concerns are flagged here. The new appointment will need shareholder ratification, which is standard procedure.