RESIGNATION OF STATUTORY AUDITORS
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 on 5th July 2025. The Board accepted the resignation at its meeting on 14th July 2025 and placed on record appreciation for the auditor's services. To fill the casual vacancy, the Board has appointed M/s SDPM & Co. (FRN: 126741W) as the new statutory auditor with effect from 14th July 2025, subject to shareholder approval at the upcoming AGM. The new auditor holds a valid Peer Review Certificate from ICAI until 29th February 2028.
This is a mid-term auditor change rather than a routine rotation. Investors should watch for the detailed resignation letter from J U Shah and Co. to understand if there were any concerns or disagreements. The quick appointment of a replacement with a valid peer-reviewed firm suggests continuity of audit functions, but shareholder approval is still required at the AGM.