Solex Energy Limited has informed the Exchange regarding Change in Auditors of the company.
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Solex Energy's Board accepted the resignation of M/s HRK & Co., Chartered Accountants as Statutory Auditors, effective August 23, 2025, citing increased professional workload and internal realignment of resources as the reason. To fill the casual vacancy, the Board appointed M/s Maheshwari & Co., Chartered Accountants, who will hold office until the conclusion of the upcoming AGM, and has also proposed their appointment for a full 5-year term (covering FY 2025-26 to FY 2029-30). Maheshwari & Co. is a long-standing firm established in 1969, peer-reviewed by ICAI, and empanelled with CAG, RBI, and SFIO. The Board also scheduled the 11th AGM for September 29, 2025, approved the appointment of a scrutinizer for e-voting, and revised the Code of Fair Disclosure of UPSI.
This is a routine auditor transition with a stated reason of workload rather than any governance red flag. The incoming auditor appears to be a larger and more credentialed firm, which is generally viewed positively. Shareholders will vote to confirm the appointment at the AGM on September 29, 2025.