Appointment of Statutory Auditors
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Modipon Limited's Board meeting on May 29, 2026 approved two items: (1) Appointment of M/s Vasu Bansal & Co. as the new Statutory Auditors for a 5-year term, replacing M/s B.M. Chatrath & Co. LLP after they completed two consecutive terms as mandated by the Companies Act, 2013. This change is subject to shareholder approval at the 59th AGM. (2) Mr. Vineet Kumar Thareja's designation was changed from 'Compliance Officer, CFO and Company Secretary' to 'Chief Compliance Officer, CFO & Company Secretary'. There is no change in his remuneration, duties, or terms of appointment.
The auditor change is a routine regulatory compliance exercise required after completion of maximum permissible tenure, not a concern for investors. The designation change for the KMP is administrative and has no material impact on shareholders.