The Board of Directors of the Company has considered and approved the appointment of Mrs. Amita Karia Practicing Company Secretary as the Secretarial Auditor for a term of 5 consecutive ....
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Polson Ltd has appointed Mrs. Amita Karia, a Practicing Company Secretary, as the new Secretarial Auditor of the company. The appointment is for a term of 5 consecutive years covering FY 2025-26 to FY 2029-30. The change is happening because the previous secretarial auditor, M/s Mihen Hatami & Associates, also provides advisory services to the company, creating a conflict of interest that disqualifies them from holding the auditor position. The appointment has been approved by the Board and the Audit Committee, and is subject to shareholder approval at the upcoming Annual General Meeting.
This is a routine governance-related change with no material impact on shareholders or the stock price. Replacing the auditor due to a conflict of interest actually reflects positively on the company's compliance standards.