This is to inform you that the Board meeting was held today i.e. 17th April, 2026 at the registered office of the Company inter alia to consider and approve the following matters: 1. Took ....
Awaiting price reaction for this filing.
Mahesh Developers Limited's Board met on 17th April 2026 and approved three key items. First, the Board noted the resignation of M/s. Bhairavi & Associates as Statutory Auditor, who cited increased audit procedures due to new financial reporting requirements and proposed higher fees as reasons. The Audit Committee reviewed the resignation and confirmed no concerns were raised by the outgoing auditor. Second, M/s. Sunit M. Chhatbar & Co. was appointed as the new Statutory Auditor to fill the casual vacancy, pending shareholder approval at the ensuing AGM. Third, Mr. Khushal Bherulal Bajaj was appointed as Secretarial Auditor for FY 2025-2026. The outgoing auditor will still complete the audit for FY ended 31st March 2026.
The resignation appears routine and fee-related rather than due to disputes or audit concerns, which is positive. The quick appointment of a replacement auditor ensures continuity. Shareholder approval will be needed for the new statutory auditor at the AGM.