Sagardeep Alloys Limited has informed the Exchange regarding Outcome of Board Meeting held on May 22, 2026.
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Sagardeep Alloys Limited held its Board Meeting on May 22, 2026, where the Board approved the Standalone and Consolidated Audited Financial Results for Q4 and the financial year ended March 31, 2026. The meeting also addressed a change in the Secretarial Auditor - M/s SJV & Associates resigned citing preoccupation as the reason, and M/s Siddhi Shah & Associates was appointed as the new Secretarial Auditor for FY 2025-26. The new auditor is a peer-reviewed firm based in Ahmedabad specializing in corporate secretarial compliances and governance matters. The meeting lasted 2 hours, commencing at 5:30 PM and concluding at 7:30 PM.
The approval of FY2026 annual results indicates the company has completed its statutory audit process. The mid-year change in Secretarial Auditor, though made at fiscal year-end, may warrant attention from investors regarding corporate governance practices. The resignation citing preoccupation as the reason, without further details, leaves the cause unclear.