PNB GILTS LTD. has informed the Exchange regarding Appointment of Ms S MANN & CO as Other of the company w.e.f. April 07, 2025.
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PNB Gilts Limited, a subsidiary of Punjab National Bank, has informed the stock exchanges that M/s S Mann & Co (Firm Registration No. DEI161) has been appointed as Joint Statutory Auditor of the company for the financial year 2024-25. They will serve alongside the existing auditor, M/s Batra Deepak & Associates. The appointment was made by the Comptroller and Auditor General (C&AG) of India via letter dated April 7, 2025, which the company received on April 16, 2025. S Mann & Co is a Delhi-based chartered accountancy firm established in 1978 with over 45 years of experience in statutory audits, taxation, due diligence, and corporate law matters. As a government-owned entity, the auditor appointment follows the standard C&AG-mandated process.
This is a routine regulatory appointment mandated by the C&AG for government companies and is unlikely to have any material impact on the stock price or shareholders. It reflects standard governance compliance rather than any change in business outlook.