Appointment of Internal Auditors of the Company for the Financial Year 2025-26
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On August 20, 2025, the Board of Parle Industries approved several key items. M/s. Motilal & Associates LLP was appointed as Internal Auditor for FY 2025-26, and M/s. Sharatkumar Shetty & Associates was appointed as Secretarial Auditor for a 5-year term (FY 2025-26 to 2029-30), pending shareholder approval. M/s. ARCK & Co was appointed as Statutory Auditor to fill the casual vacancy left by the resignation of the previous statutory auditors, Ajmera & Ajmera, effective August 20, 2025. ARCK & Co has also been nominated for a full 5-year term as Statutory Auditor from the 42nd AGM to the 47th AGM (around 2030), subject to shareholder approval. The Board also approved the FY 2024-25 Directors' Report and the notice for the 42nd AGM.
The appointment of new auditors is routine, but the mid-term resignation of the previous statutory auditors (Ajmera & Ajmera) and quick replacement may draw investor attention to underlying reasons. Shareholders should watch for any further disclosures explaining the casual vacancy, as auditor changes mid-cycle can sometimes signal governance or financial reporting concerns.