Vardhman Polytex Limited has informed the Exchange regarding Change in Auditors of the company.
VARDMNPOLY · price
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At the 45th Annual General Meeting held on 28 August 2025, shareholders of Vardhman Polytex approved three key appointments. M/s Navneet Sehgal & Co., Chartered Accountants (Ludhiana-based firm with 38+ years of experience) has been appointed as the new Statutory Auditor for a 5-year term until the 50th AGM in 2030. M/s Harshit Arora and Associates has been appointed as Secretarial Auditor for the same 5-year period. Additionally, Mr. Adish Oswal, the existing Managing Director and a member of the promoter Oswal family, has been re-appointed as MD for another 3 years effective 24 November 2025.
These are routine corporate governance updates. The new statutory auditor signals a change in audit oversight, while the re-appointment of the promoter-family MD ensures management continuity. The overall impact on shareholders is likely neutral, as the changes appear to follow standard AGM procedures.