The board of director in their meeting held on have approved the appointment of M/s Gangadaran & Co Charted Accountants as the Statuary Auditor of the company for a period of five years ....
Awaiting price reaction for this filing.
Gangotri Textiles Ltd has informed BSE that its Board of Directors, at a meeting held on 23 May 2025, approved the appointment of M/s. M. Gangadaran & Co, Chartered Accountants (Coimbatore) as the new Statutory Auditor of the company. The appointment is for a five-year period covering financial years 2025-26 to 2029-30. The appointment was recommended by the Audit Committee and is subject to shareholder approval at the upcoming 36th Annual General Meeting scheduled for 25 July 2025. The auditor has provided its consent and confirmed eligibility under Sections 139 and 141 of the Companies Act, 2013.
This is a routine corporate governance requirement under the Companies Act — appointing a statutory auditor for a fresh five-year term. No immediate impact on shareholders or stock price is expected, though the change of audit firm (from the previous auditor) may be of interest to investors watching for any continuity considerations.