Appointment of Statutory Auditors subject to approval of members at the 42nd Annual General Meeting of the Company
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At its August 20, 2025 board meeting, Parle Industries approved several auditor appointments. M/s. ARCK & Co has been appointed as Statutory Auditor to fill the casual vacancy caused by the resignation of previous auditors M/s. Ajmera & Ajmera, with the appointment running until the 42nd AGM and, subject to shareholder approval, for a five-year term through the 47th AGM in 2030. M/s. Motilal & Associates LLP was appointed as Internal Auditor for FY 2025-26, and M/s. Sharatkumar Shetty & Associates was named Secretarial Auditor for a five-year period covering FY 2025-26 to FY 2029-30. The board also approved the Directors' Report for FY 2024-25 and the notice of the 42nd AGM.
The change of statutory auditor from Ajmera & Ajmera to ARCK & Co, triggered by the prior auditor's resignation, is a governance event shareholders should note. Routine auditor rotations are normal, but a mid-term resignation may warrant attention to any prior audit qualifications or concerns. The new long-term appointments, once approved by shareholders, provide continuity through FY 2030.