BSESankhya Infotech LtdMinimalNeutral
Announced Fri, 31 Oct · 19:57 IST

Pursuant to Regulation 30 read with Part A Para A of Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the SEBI ....

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

On 31st October 2025, the Board of Directors of Sankhya Infotech Limited approved the appointment of M/s. N G Rao & Associates, Chartered Accountants (FRN: 009399S), as the company's Statutory Auditors for a five-year term covering FY 2022-23 to FY 2026-27. The appointment is being made under the powers granted to the Resolution Applicant through the Resolution Plan approved by the NCLT Hyderabad bench, meaning no further shareholder approval is needed. N G Rao & Associates is a Hyderabad-based firm established in 2001 with over 20 years of experience, peer-reviewed by ICAI, and empanelled with the Comptroller & Auditor General of India and the Reserve Bank of India. The board meeting lasted only 15 minutes (from 19:30 to 19:45 hrs IST).

Likely market impact

This is a routine governance disclosure with no immediate impact on shareholders. The reference to an NCLT-approved Resolution Plan indicates the company is emerging from a corporate insolvency resolution process, so this auditor change reflects the restructuring framework rather than a typical voluntary appointment. Investors should note the company's restructured status but no price-moving information is included.