SONAM LIMITED has informed the Exchange regarding Board meeting held on Jun 05, 2025.
SONAMLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sonam Limited's board met on June 5, 2025 and approved the appointment of M/s. D.V. Bakrania & Associates, Chartered Accountants (FRN: 127116W) as the new Statutory Auditor. This appointment fills the casual vacancy caused by the resignation of the previous auditor, M/s. SVK & Associates (FRN: 118564W). The board will also recommend to shareholders that D.V. Bakrania & Associates be appointed as Statutory Auditors for a full five-year term, running from the upcoming AGM until the AGM to be held in 2030. The new auditor's proprietor, CA Dipak Bakrania, has over 18 years of experience in auditing, taxation, and corporate law. M/s. SVK & Associates will still sign off on the Q1FY26 audit report ending June 30, 2025.
This is a routine auditor transition rather than a governance red flag — the outgoing auditor resigned and was replaced without disruption to the audit cycle. Shareholders will need to vote on ratifying the new five-year auditor appointment at the next AGM, which is a standard procedural step.