Kindly acknowledge that the board meeting was held today at the registered office of the company at 11:00 AM and concluded at 12:00 PM. The following is the outcome of the said meeting: 1. ....
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Ontic Finserve's board met on 14th August 2025 and accepted the resignation of M/s K M Chauhan & Associates as Statutory Auditor, who had been appointed in September 2024 for a 5-year term ending at the FY 2028-29 AGM. The outgoing auditor cited busy schedules and unavoidable circumstances, completed the FY 2024-25 audit, and confirmed no concerns or management-imposed limitations. The board appointed M/s Nirav S Shah & Co. as the new Statutory Auditor, subject to shareholder approval at the next EGM or AGM.
An auditor change within the first year of a multi-year appointment can raise governance questions for retail investors, though no adverse findings or disagreements were reported here; shareholders should watch the new auditor's observations in upcoming financial statements.