Appointment of Statutory Auditor
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Vaxfab Enterprises held its 2nd Extra Ordinary General Meeting on 27th December 2025 where members approved the appointment of M/s Chandabhoy & Jassoobhoy, Chartered Accountants as the new Statutory Auditor. The appointment fills a casual vacancy caused by the resignation of the previous auditor. The new auditor's term runs until the conclusion of the next AGM in 2026. Chandabhoy & Jassoobhoy is a well-established firm originally set up in 1908, offering audit, taxation, advisory, and corporate law services. The resolution was passed via ordinary resolution using both remote e-voting and ballot paper.
An auditor change mid-term can raise governance concerns for shareholders, though the incoming auditor is a long-standing, reputable firm which lends some reassurance. Investors should watch for the voting results disclosure and any further communication about why the previous auditor resigned.