Appointment of Statutory Auditor.
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Parshwanath Corporation Limited has appointed M/s. M B D & Co. LLP, Chartered Accountants (FRN: 135129W/W100152), as the new Statutory Auditor of the company, effective June 9, 2025. This appointment was made during a board meeting to fill a casual vacancy caused by the resignation of the previous statutory auditor, M/s. S G D G & Associates, LLP. M B D & Co. LLP will serve until the next general meeting of the company. The new auditor is described as having experience in GST, income tax, bank audits, indirect taxes, and legal advisory, and is not related to any director on the board.
The mid-term resignation of the previous auditor without any stated reason may raise governance questions for investors, though the quick appointment of a replacement ensures continuity of statutory audit functions until the next AGM.