Notice of Postal ballot for appointment of Statutory Auditors
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Awaiting price reaction for this filing.
Siddheswari Garments Limited is seeking shareholder approval via postal ballot to appoint M/s N Dokania & Associates (FRN: 014403C) as the new Statutory Auditor of the company. This appointment is to fill a casual vacancy caused by the demise of Mr. Ramesh Kumar Bajaj, the sole proprietor of the previous auditor M/s R K Bajaj & Co. (FRN: 0314140E), who passed away on 26th October 2025. The Board, on the recommendation of the Audit Committee, approved the new appointment on 4th December 2025. The new auditor will hold office from the date of resolution approval until the conclusion of the next AGM in 2026 and will conduct the statutory audit for FY 2025-26. Remote e-voting is open from 1st February 2026 to 2nd March 2026, with results to be announced by 3rd March 2026.
This is a routine governance action with no material impact on shareholders or stock price. The change is necessitated by the unfortunate death of the previous auditor rather than any performance, governance, or financial concerns, and ensures continuity of statutory audit for FY 2025-26.