Auditor change and independent director exit at Sanmit Infra
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Sanmit Infra board on July 10, 2026: Independent Director Ajay Chandwani resigned effective June 13 citing age and health. Statutory Auditor PAMS and Associates resigned mid-term effective June 12 due to geographical constraints after their Mumbai branch closed in 2024. S S S S and Associates appointed new Statutory Auditor for 5 years (FY27 to FY31), pending AGM approval. Board also decided to distribute proceeds from sale of fractional shares (after equity consolidation) to eligible shareholders.
Auditor change mid-term could raise governance questions, but PAMS confirmed no concerns. Distribution of fractional share proceeds is a small positive for shareholders.