Appointment of M/s. Shah & Shah, Chartered Accountants, as Statutory Auditor of Company upon completion of term of existing Statutory Auditors- The appointment is based on recommendation ....
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Parmeshwar Metal Ltd's Board of Directors, at a meeting held on 20th August 2025, approved the appointment of M/s. Shah & Shah, Chartered Accountants (FRN: 131527W), as the new Statutory Auditor of the Company. This appointment follows the completion of the term of the existing statutory auditor, M/s. Gattani & Associates. The new auditor has been appointed for a term of 5 consecutive years, from the conclusion of the upcoming 9th Annual General Meeting (AGM) to the conclusion of the 14th AGM, subject to shareholder approval. M/s. Shah & Shah is an Ahmedabad-based firm founded in 2010 with expertise in audit, taxation, and corporate compliance. The appointment is based on the recommendation of the Audit Committee.
This is a routine auditor transition upon the natural expiry of the previous auditor's term, with no governance red flags. Shareholders will have the opportunity to approve the appointment at the upcoming 9th AGM, and the change should not materially affect the stock.