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Ratnabhumi Developers Ltd has appointed M A AK & Associates, a Ahmedabad-based chartered accountancy firm, as its new Statutory Auditor. The appointment was approved at the Board meeting held on 30th May, 2025, and covers a five-year period from FY 2025-26 to FY 2029-30. The appointment still needs to be confirmed by shareholders at the next General Meeting. M A AK & Associates is not related to any Director on the company's Board. The firm has six partners and a larger support team, with experience in statutory audits, tax advisory, and consulting for listed companies.
This is a routine auditor appointment for a full five-year term, suggesting business continuity rather than any governance concern. Shareholders will get to vote on the appointment at the upcoming General Meeting.