Pashupati Cotspin Limited has informed the Exchange regarding 'Appointed M/s. SJV & Associates, Practicing Company Secretaries, as the Secretarial Auditor of the Companyfor the financial year 2024 25, in place of the resigning Secretarial Auditor, M/s. Khandelwal Devesh andAssociates.'.
PASHUPATI · price
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Pashupati Cotspin Limited, in a board meeting held on 20th May 2025, approved the appointment of three auditors for the company. M/s. Ashish Bhavsar & Associates was appointed as the Cost Auditor for FY 2025-26. M/s. SJV & Associates was appointed as the new Secretarial Auditor for FY 2024-25, replacing the previous auditor M/s. Khandelwal Devesh and Associates, who resigned. Additionally, M/s. Sandip Desai & Co. was appointed as the Internal Auditor for FY 2025-26. The previous secretarial auditor had resigned, and a replacement has been onboarded. No reasons for the resignation were disclosed in the filing.
This is a routine governance update. The change in the secretarial auditor due to resignation is worth noting but not a major red flag, as a qualified replacement has been appointed. No direct material impact on shareholders or stock price is expected from this announcement.