Appointment of M/s Sagar & Associates as Statutory Auditors and M/s Ajay Yadav & Associates as Secretarial Auditors for 5 years.
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Vega Jewellers Limited (formerly PH Trading Limited) has informed the stock exchange that its board, at a meeting held on 14 August 2025, approved the appointment of M/s Sagar & Associates (Chartered Accountants) as Statutory Auditors and M/s Ajay Yadav & Associates (Practicing Company Secretaries) as Secretarial Auditors. Both have been appointed for a 5-year term, subject to shareholder approval. Sagar & Associates has experience in audit, assurance, taxation, and forensic audits for corporates, banks, and government bodies. Ajay Yadav & Associates specializes in secretarial services, stock exchange compliance, and SEBI-related matters. The appointments are made under SEBI Listing Regulations and are pending shareholder ratification.
This is a routine compliance-driven appointment and is unlikely to move the stock. The 5-year tenure signals long-term audit continuity, with no signs of auditor resignations, governance concerns, or management exits.