Pashupati Cotspin Limited has informed regarding Disclosure of material issue
PASHUPATI · price
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Pashupati Cotspin Limited has informed the stock exchange that M/s. Khandelwal Devesh and Associates, the company's Secretarial Auditor, has resigned effective April 03, 2025. The resignation is due to the proprietor, Mr. Devesh Khandelwal, surrendering his Certificate of Practice as a member of the Institute of Company Secretaries of India. The firm was serving as the secretarial auditor for FY 2024-25. The Audit Committee and Board will consider appointing a new secretarial auditor in due course. The disclosure has also been made available on the company's website.
This is a non-statutory (secretarial) auditor change driven by the auditor's own professional decision to surrender his practice certificate, not by any disagreement with the company. Shareholders should not read this as a governance red flag, though the company will need to appoint a replacement quickly to complete any pending secretarial compliance work.