ShreeOswal Seeds And Chemicals Limited has informed the Exchange regarding Notice of Postal Ballot
OSWALSEEDS · price
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Awaiting price reaction for this filing.
ShreeOswal Seeds And Chemicals has issued a postal ballot notice seeking shareholder approval to appoint M/s H. Sahu & Company, Chartered Accountants (Neemuch) as the new Statutory Auditor of the company. This appointment is to fill the casual vacancy created by the resignation of M/s J.C. Baheti & Associates, Chartered Accountants, who stepped down effective August 12, 2025, citing inadequate remuneration for the time, effort, and travel involved in the audit. J.C. Baheti had completed the limited review for Q1 FY26 (quarter ended June 30, 2025) before exiting. The new auditor's fee is fixed at ₹2,00,000 plus out-of-pocket expenses for FY 2025-26, which is the same as what was paid to the previous auditor. The remote e-voting window runs from November 7, 2025 (9:00 AM) to December 6, 2025 (5:00 PM), with results to be announced on or before December 8, 2025.
This is a routine corporate governance exercise with no material financial impact on shareholders. The auditor change was triggered by a fee disagreement, and the replacement fee remains unchanged, so there is no direct cost implication. Investors should note that the incoming audit firm (H. Sahu & Company) was only established in July 2024 and is relatively new, which is worth monitoring for audit quality.