Change in statutory auditors of the Company
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sibar Auto Parts' board, at its August 13, 2025 meeting, accepted the resignation of statutory auditor M/s. P. Lakshmana Rao & Co (Firm Reg. No. 0018265), who cited personal obligations as the reason. The outgoing auditor was originally appointed on August 14, 2023, with a term scheduled to run until September 30, 2028, making this a mid-term exit. No concerns, disagreements, or management-imposed limitations were flagged. In their place, the board appointed M/s. Chunduru & Co, Chartered Accountants (Firm Reg. No. 0193245), a peer-reviewed firm with over two decades of audit experience. The board also approved Q1 FY26 unaudited results, reappointed Mr. Pemmasani Madhu Pratap as Whole-Time Director for 3 years, and fixed the 42nd AGM for September 27, 2025.
A routine mid-term auditor change with no governance red flags — the resignation was voluntary and personal, with the last limited review report signed off cleanly. Shareholders are unlikely to see material impact, though the swap from one Hyderabad/Vijayawada-based firm to another is worth monitoring for any future audit observations.