Nureca Limited has informed the Exchange regarding Appointment of Ms SINGH AND CO as Statutory Auditors of the company w.e.f. Jun 17, 2025 for a period of 5 years .
NURECA · price
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At its May 5, 2025 meeting, Nureca Limited's board approved audited standalone and consolidated financial results for FY25 with an unmodified opinion from outgoing auditor B S R & Co. LLP. The company appointed M/s Singhi & Co (an 80-year-old firm with 26+ partners, member of Moore Global) as the new Statutory Auditor for a 5-year term, replacing B S R & Co. whose tenure is ending at the 9th AGM. The board gave in-principle approval to merge wholly owned subsidiary Nureca Technologies Private Limited (FY25 revenue Rs 228.14 million, net worth Rs 53.94 million) into Nureca Limited, with no share issuance or change in shareholding pattern. Three Independent Directors (Ms Charu Singh, Ms Ruchita Agarwal, Mr Vijay Kumar Sharma) and Whole Time Director Mr Rajinder Sharma were re-appointed for second 5-year terms. MGSG and Associates was named Internal Auditor for FY26, and A. Arora & Company as Secretarial Auditor for 5 years. The 9th AGM is set for June 16, 2025.
This is largely a housekeeping board meeting with positive continuity signals. The auditor change is a routine 5-year rotation, not a governance red flag. The subsidiary merger will simplify the group structure and reduce compliance costs without diluting shareholders. Re-appointments of all directors indicate stable board leadership, generally viewed favorably by investors.