Supreme Engineering Limited has informed the Exchange regarding Outcome of Board Meeting held on Jun 17, 2025.
SUPREMEENG · price
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Supreme Engineering Limited's Board of Directors met on June 17, 2025, and approved the appointment of M/s. Rushabh Davda & Associates (FRN: 156559W) as the new Statutory Auditor. This appointment is to fill the casual vacancy caused by the resignation of the previous auditor, M/s Rachna Patel & Co (FRN: 141585W). The new auditor will serve for the financial year 2024-25, subject to shareholder approval at an upcoming meeting. The Board also approved the notice for an Extra-Ordinary General Meeting (EGM) where shareholders will vote on this appointment. No details were shared about the reasons for the previous auditor's resignation.
Mid-term auditor change during the financial year may raise governance questions among investors, as it could indicate underlying issues. However, the appointment of a new auditor to complete the FY25 audit is a routine step, and shareholders will get to approve the change at the EGM.