Outcome of the Board Meeting held on Monday, August 11, 2025
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The Board of Directors of Radhe Developers (India) Limited met on August 11, 2025 and noted the resignation of the company's statutory auditor, M/s. Parin Patwari & Co., Chartered Accountants (FRN: 154571W), which had already been communicated to the stock exchange on August 8, 2025. To fill the resulting casual vacancy, the Board, on the recommendation of the Audit Committee, proposed appointing M/s. S Parth & Co., Chartered Accountants (FRN: 154463W) as the new statutory auditor, subject to shareholder approval at the upcoming 31st Annual General Meeting. The new auditor, established in 2020 and based in Ahmedabad, will hold office until the conclusion of that AGM. The Board also approved a modification to the 31st AGM notice.
This is a routine auditor change where the outgoing firm stepped down and a replacement was promptly appointed, requiring shareholder ratification at the AGM. Mid-term auditor resignations can sometimes raise governance questions, but here a replacement is already lined up, so the immediate operational impact on the company should be minimal.