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 approve the appointment of M/s. Sunit M. Chhatbar ....
Awaiting price reaction for this filing.
Mahesh Developers' board, at a meeting on 17th April 2026, accepted the resignation of M/s. Bhairavi & Associates (CA Bhairavi M Shah) as Statutory Auditor, just 7 days after she was reappointed on 10th April 2026 for a 5-year term until 2030. The auditor cited increased audit scope, new financial reporting and disclosure requirements, and disagreements over audit fees as the reason for stepping down. She confirmed there are no disputes or concerns with the management. The board appointed M/s. Sunit M. Chhatbar & Co. as the new Statutory Auditor to fill the casual vacancy until the next AGM, subject to shareholder approval. The board also appointed Mr. Khushal Bherulal Bajaj as Secretarial Auditor for FY 2025-26.
An auditor quitting within a week of reappointment — and well ahead of her scheduled 2030 term — is a midterm change that retail investors should watch closely, even though the company claims no governance issues. The quick appointment of a replacement reduces disruption, but the underlying fee and scope dispute may signal tighter audit budgets at a small-cap company.