Announced Fri, 24 Jul · 09:50 IST
Statutory auditor declines second 5-year term; new auditor to be appointed
Management Changes View source PDF
RUSHIL · price
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Price reaction · full curve 14 horizons · vs prior close
+2.2%1-day move
₹17.07
prior close
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AI summary
Rushil Decor Limited's statutory auditor M/s Pankaj R Shah and Associates will not seek reappointment for a second 5-year term, citing increased professional workload and difficulty covering the company's Andhra Pradesh and Karnataka units. The current 5-year term ends at the upcoming AGM in calendar year 2026. The auditor confirmed there is no disagreement with management or the board on any audit, accounting, or disclosure matter. The Audit Committee and Board will appoint a new statutory auditor.
Likely market impact
Routine, end-of-term audit change. No governance red flags; new auditor appointment pending at the AGM.