SONAM LIMITED has informed the Exchange regarding Outcome of Board Meeting held on Jun 05, 2025.
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SONAM LIMITED's board, at a meeting on June 5, 2025, 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 has also recommended to shareholders the appointment of M/s. D. V. Bakrania & Associates for a full five-year term, from the conclusion of the next AGM until the AGM in 2030. The newly appointed auditor, led by proprietor CA Dipak Bakrania, has over 18 years of experience in auditing, taxation, and company law. M/s SVK & Associates will continue to handle the audit report for the first quarter ending June 30, 2025.
For shareholders, this is a routine auditor change, but the fact that the previous auditor resigned mid-term (causing a casual vacancy) is worth noting. The appointment of a new auditor for a full 5-year term suggests management is moving quickly to restore stability in audit oversight. No immediate material impact on stock price is expected, though investors may want clarity on why the prior auditor stepped down.