Praj Industries Limited has informed the Exchange regarding Change in Auditors of the company.
PRAJIND · price
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Praj Industries shareholders approved the appointment of M/s MSKA & Associates as the new Statutory Auditor for a five-year term (from the 39th AGM to the 44th AGM in 2030), replacing the previous auditor P G Bhagwat LLP, whose tenure has ended. M/s MSN Associates was also appointed as Secretarial Auditor for five years (FY2025-26 to FY2029-30) as a policy decision. MSKA & Associates is a well-established firm founded in 1978 with offices across 12 Indian cities and a valid peer review certificate. The change was approved by shareholders at the AGM held on August 11, 2025, and is a routine governance action triggered by the end of the previous auditor's term rather than any concerns or disputes.
This is a routine auditor rotation that typically has no material impact on the stock price. Shareholders may note that MSKA & Associates is a larger, nationally recognized audit firm, which may strengthen audit quality, but the change is procedural and expected.