Intimation for appointment of Statutory Auditors of the company
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Promax Power Ltd's Board, at its meeting on December 25, 2025, approved the appointment of Manish Jain & Associates, Chartered Accountants (FRN: 015608N) as the new Statutory Auditor. The appointment is to fill a casual vacancy created by the resignation of the previous auditor, M/s Raj Gupta & Co., Chartered Accountants (FRN: 000203N). The new auditor will hold office until the conclusion of the next Annual General Meeting, and the appointment is subject to shareholder approval within three months. The new firm is a partnership practice offering auditing, finance, taxation, and regulatory services, and there is no disclosed relationship with the company's directors.
Shareholders should note a mid-term change in statutory auditor, which is generally a routine governance event but worth monitoring for any underlying reasons behind the prior auditor's resignation. Pending shareholder approval is required to formalize the new appointment at the next general meeting.