Sagar Cements Limited has informed the Exchange regarding Change in Auditors of the company.
SAGCEM · price
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Sagar Cements' Board, on the recommendation of the Audit Committee, has approved the appointment of M/s B S S & Associates, Company Secretaries, as the new Secretarial Auditors of the company. The appointment is for a five-year term, starting from the conclusion of the 44th Annual General Meeting (AGM) until the conclusion of the 49th AGM in 2030. The appointment is being made to comply with SEBI's Regulation 24A of the Listing Obligations and Disclosure Requirements (LODR). Shareholders' approval will be sought at the upcoming AGM. The firm is a Hyderabad-based peer-reviewed company secretary practice led by CS S. Srikanth, with 17 years of experience in corporate law, SEBI, FEMA, RBI, and insolvency matters.
This is a routine, regulation-driven appointment with no material impact on shareholders or the stock price. Secretarial auditors handle corporate compliance reviews, not financial audits, and the long 5-year tenure signals governance continuity.