Appointment of Statutory Auditor of Material Subsidiary
NIMBSPROJ · price
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Nimbus Projects Ltd has informed the stock exchange that its material subsidiary, N.N. Financial Services Private Limited, has appointed M/s. Chetan Gupta & Co., Chartered Accountants (FRN: 028587N) as its new Statutory Auditor. The appointment was made on June 23, 2025, to fill a casual vacancy caused by the resignation of the previous auditor, M/s Goyal Tarun & Associates (FRN: 026112N). The new auditor, a Delhi-based firm with over 10 years of experience in audit, tax, and advisory services, will hold office until the conclusion of the forthcoming Annual General Meeting, subject to shareholder approval. The change pertains only to the subsidiary and not to the parent company Nimbus Projects Ltd itself.
Auditor changes at subsidiaries are routine but worth noting, especially when triggered by a sudden resignation of the previous auditor. Shareholders should watch for any further disclosures explaining the reasons behind the prior auditor's exit, as unexplained mid-term auditor changes can sometimes raise governance concerns.