Appointment of Statutory Auditors subject to approval of members at the 42nd Annual General Meeting of the Company
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Parle Industries Ltd's Board, at its meeting on August 20, 2025, approved multiple auditor appointments. M/s. Motilal & Associates LLP was appointed as Internal Auditor for FY 2025-26. M/s. Sharatkumar Shetty & Associates was appointed as Secretarial Auditor for a five-year term covering FY 2025-26 to 2029-30, subject to shareholder approval. M/s. ARCK & Co was appointed as Statutory Auditor to fill the casual vacancy caused by the resignation of the previous auditor M/s. Ajmera & Ajmera, effective August 20, 2025 until the 42nd AGM. ARCK & Co was also recommended for a full five-year term as Statutory Auditor from the 42nd AGM to the 47th AGM in 2030, pending shareholder approval. The Board also approved the Board's Report for FY 2024-25 and the Notice of the 42nd AGM.
The mid-term change in statutory auditors (replacement of Ajmera & Ajmera with ARCK & Co) is the most noteworthy item for shareholders and may raise governance questions, though it is a routine regulatory requirement being disclosed. Approval by members at the upcoming AGM will be needed to formalize the five-year statutory auditor appointment.