The Board has approved the Removal and Appointment of Secretarial Auditor of the Company in case of casual vacancy at its Board Meeting held today.
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Vallabh Steels Limited's board, at a meeting held on August 29, 2025, approved the removal of M/s Jatin Singal & Associates as the company's Secretarial Auditor for the financial year 2024-25. The stated reason for the removal is 'internal restructuring of the Organisation.' To fill the resulting casual vacancy, the board appointed M/s Kajal Rai and Associates, a Practicing Company Secretaries firm based in Ludhiana, as the new Secretarial Auditor for FY 2024-25. The newly appointed firm holds Certificate of Practice No. 10481 and Peer Review Certificate No. 4357/2023, and will serve until the conclusion of the next Annual General Meeting. The new auditor is not related to any of the company's directors.
This is a mid-term change in the secretarial auditor (not the statutory auditor) with a replacement already appointed, so the operational impact on the company and shareholders is expected to be limited. Investors may, however, want to watch for the FY 2024-25 secretarial audit report from the new firm for any observations.