Outcome of Board Meeting for appointment of M/S BMGS & Associates, Chartered Accountant as Statutory Auditor of the Company.
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The Board of Directors of SRU Steels Limited, at its meeting held on 19th February 2026, approved the appointment of M/S BMGS & Associates, Chartered Accountants (Firm Registration No. 026886N) as the new Statutory Auditor of the Company. The appointment is made to fill a casual vacancy in the office of statutory auditor and will be effective from 19th February 2026 until the conclusion of the upcoming Annual General Meeting, subject to shareholder approval. The new auditor offers services including Income Tax, GST, Project Finance & Subsidy, Company-related, and Bank Audit services. The board meeting commenced at 3:30 PM and concluded at 4:30 PM, with the filing signed by Akhil Arora, Managing Director & CFO.
A casual vacancy means the previous statutory auditor exited before completing their full term, which may raise minor governance concerns for shareholders. However, the new auditor's appointment is only until the next AGM, after which a fresh appointment or ratification will be required.