Span Divergent Limited- Re-Appointment of Statutory Auditor
Awaiting price reaction for this filing.
Span Divergent Ltd has re-appointed M/s. Y. B. Desai & Associates (FRN: 102368W), Chartered Accountants based in Surat, as its Statutory Auditor. The Board of Directors approved the re-appointment on May 16, 2025, on the recommendation of the Audit Committee, for a period of 5 financial years covering FY 2025-26 to 2029-30. The re-appointment is done to comply with Section 139 of the Companies Act, 2013 and is subject to shareholder approval at the upcoming Annual General Meeting. The audit firm, established in 1987, is independent of the company's directors and provides auditing, tax, GST, and advisory services.
This is a routine regulatory compliance disclosure with no material impact on shareholders. The re-appointment of an existing auditor for a full 5-year term suggests continuity in financial oversight, though shareholders will need to approve the appointment at the AGM.