RESIGNATION AND APPOINTMENT OF STATUTORY AUDITOR
Awaiting price reaction for this filing.
Madhur Industries Ltd has informed the stock exchange that its statutory auditor, J U Shah and Co. (FRN: 129209W), resigned from the position effective 5th July 2025, with the Board accepting the resignation on 14th July 2025. The reasons for resignation were provided in the auditor's resignation letter dated 5th July 2025, as per SEBI's disclosure requirements. To fill the resulting casual vacancy, the Board has appointed M/s S D P M & Co. (FRN: 126741W) as the new statutory auditor, effective 14th July 2025, subject to shareholder approval at the upcoming Annual General Meeting. The new audit firm is registered with ICAI and holds a valid peer review certificate until February 2028.
This is a mid-term auditor change, which investors should monitor. While the new auditor is ICAI-registered with a valid peer review, a casual vacancy arising from an auditor's resignation can sometimes raise governance questions. Shareholders will need to approve the new appointment at the next AGM, and the reason cited in the resignation letter may warrant a closer look.