Outcome and Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Awaiting price reaction for this filing.
The Board of Quasar India, at its meeting on 12th February 2026, withdrew its earlier recommendation (made on 6th February 2026) to appoint M/s. Shweta Jain & Co. LLP (Thane, FRN: 127673W) as Statutory Auditor, after that firm cited unavoidable circumstances. Based on the Audit Committee's recommendation, the Board has now recommended M/s. M A A K & Associates (Ahmedabad, FRN: 135024W) as the new Statutory Auditor for FY 2025-26. The firm has prior experience at Deloitte's Enterprise Risk Services division and handles statutory and bank audits. The appointment is subject to shareholder approval at a General Meeting to be convened within three months. The change is described as filling a casual vacancy caused by the resignation of the earlier auditor.
Procedural housekeeping with no direct financial impact, but the quick back-and-forth on the auditor pick (recommend on 6 Feb, withdraw by 12 Feb) is worth noting. Shareholders will get a chance to approve or reject the new auditor at an upcoming General Meeting.