Rajnandini Metal Limited has informed the Exchange regarding Change in Auditors of the company.
RAJMET · price
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Rajnandini Metal Limited has appointed M/s. Krishna & Associates, Chartered Accountants (FRN: 013169C), as the new Statutory Auditor to fill a casual vacancy left by the previous auditor. The Board, on the recommendation of the Audit Committee, has proposed this appointment subject to shareholder approval at the upcoming 15th Annual General Meeting. The same firm is also recommended for a fresh 5-year term from the conclusion of the 15th AGM (current) until the 20th AGM in 2030. The company clarified that the outgoing auditors did not raise any concerns or issues. Krishna & Associates is a 20+ year old Chartered Accountancy firm providing auditing, tax, and advisory services.
This is a mid-term auditor change (casual vacancy), which shareholders should monitor. However, the company has explicitly stated the outgoing auditors had no disputes or concerns, suggesting a routine or procedural transition rather than a governance red flag. Investors may want to track shareholder approval at the upcoming AGM and any further disclosures from the new auditor.