This is to inform you that the meeting of board of director held today i.e. 02th February, 2026 inter alia transacted the following business: 1. The Board of Directors of the Company, ....
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The board of directors of Riddhi Corporate Services Limited, at its meeting on 2 February 2026, appointed M/s. Nitin K Shah & Co (Ahmedabad, FRN-107140W) as the new Statutory Auditor of the company for FY 2025-2026. This appointment is to fill a casual vacancy created by the resignation of the previous statutory auditor. The new auditor is an established Ahmedabad-based firm founded in 1973, specialising in auditing, taxation, and financial advisory services. The board meeting lasted from 5:00 pm to 5:30 pm.
Auditor changes mid-term can be a minor governance red flag for investors, as they may indicate disagreements or issues with the previous auditor. However, the quick appointment of an experienced replacement firm suggests continuity in audit oversight for the current financial year.