Re Appointment of M M Reddy & Co as a Statutory Auditor of the company for a period of 5 years
Awaiting price reaction for this filing.
The Board of Directors of Sangam Health Care Products Ltd, based on the recommendation of the Audit Committee, has approved the re-appointment of M M Reddy & Co, Chartered Accountants (Hyderabad), as the Statutory Auditor of the company for a second consecutive term of five years. The new term will run from the conclusion of the 31st Annual General Meeting (AGM) to the conclusion of the 36th AGM, expected in calendar year 2030. The re-appointment is subject to shareholder approval at the upcoming AGM. M M Reddy & Co is an established firm since 2003 with 9 partners and around 30 professionals offering audit, advisory, IT audit, and forensic audit services.
This is a routine governance disclosure — auditor continuity with the same firm for another 5-year term means no change in audit oversight for shareholders. No material impact on stock price is expected; the re-appointment requires shareholder approval at the ensuing AGM.