Appointment of Secretarial Auditors for a period of 5 years subject to approval of members at the 42nd Annual General Meeting of the Company
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At a board meeting on August 20, 2025, Parle Industries approved multiple auditor appointments. Motilal & Associates LLP was named Internal Auditor for FY 2025-26. Sharatkumar Shetty & Associates was appointed as Secretarial Auditor for a five-year term covering FY 2025-26 to FY 2029-30, pending shareholder approval at the 42nd AGM. 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 until the 42nd AGM, and then for a fresh five-year term from the 42nd AGM to the 47th AGM in 2030, subject to shareholder approval. The board also approved the Board of Directors' Report for FY 2024-25 and the notice for the 42nd AGM.
Investors should note the change in statutory auditors mid-term, which is often watched closely as it can sometimes signal underlying issues, though here the company has quickly filled the vacancy with a new firm. The new auditor appointments will need shareholder ratification at the upcoming 42nd AGM.