Appointment of Auditor
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Sacheta Metals Ltd's board, at a meeting on June 9, 2025, approved the appointment of M/s. Murali and Venkat (Chartered Accountants, FRN: 002162S) as the new Statutory Auditor for FY 2025-26. This appointment fills a casual vacancy created by the departure of the previous auditor, Kiran & Pradip Associates. The new auditor is subject to shareholder approval at the next general meeting within three months. Murali and Venkat is an established CA firm founded in 1989 with 21 partners and offices across major Indian cities.
A mid-term change in auditor is a routine compliance event but may draw investor attention, especially if the reasons for the previous auditor's exit are not disclosed. Shareholders should watch for the company's explanation regarding the previous auditor's departure at the upcoming general meeting.