Announcement under regulation 30 regarding to appointment of Statutory Auditor
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Promax Power Ltd has appointed M/s. Manish Jain & Associates, Chartered Accountants (FRN: 015608N) as its new Statutory Auditor, effective May 9, 2026. The appointment was approved by shareholders via Postal Ballot on May 9, 2026. The firm has a Peer Review Certificate (No. 020482) and specialises in Auditing, Finance, Legal, Taxation, Assurance and Regulatory services. The appointment is to fill a casual vacancy and will hold office till the conclusion of the upcoming Annual General Meeting in 2026. No relationships between the auditor and any directors of the company were disclosed.
This represents a change in the company's statutory auditor. The appointment to fill a 'casual vacancy' suggests the previous auditor left mid-term, which warrants attention from investors regarding any underlying reasons. The short tenure (till AGM 2026) may indicate this is an interim arrangement pending a more permanent appointment.