Outcome of Board Meeting
Awaiting price reaction for this filing.
Burnpur Cement's board, at a meeting held on 10th June 2025, appointed M/s. Bhagi Bhardwaj Gaur & Co., Chartered Accountants (FRN: 007895N), New Delhi as the new Statutory Auditor. This appointment fills the casual vacancy caused by the resignation of the previous auditor, M/s Agarwal HP & Associates, Chartered Accountants, Ranchi. The new auditor will hold office until the conclusion of the forthcoming Annual General Meeting in 2025 and will also conduct the audit for FY 2024-25. The newly appointed firm is Delhi-based with over 36 years of experience in audits, taxation, due diligence, and financial reporting. Shareholder approval will be sought at the next general meeting to formalize this appointment.
The change in auditor is a routine governance matter caused by the prior auditor's resignation. The incoming auditor is an experienced firm, and the appointment is only until the next AGM, so the immediate impact on shareholders or stock price is expected to be neutral.