BSEViram Suvarn LtdMediumNeutral
Announced Mon, 8 Sept · 21:13 IST

The Board of directors has approved the appointment of Statutory Auditor as attached

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AI summary

The Board of Directors of Veeram Securities Limited has approved the appointment of M/s Shah Karia & Associates, Chartered Accountants (FRN: 131546W), as the company's new Statutory Auditor. The appointment covers one term of five consecutive financial years, from FY 2025-26 to FY 2029-30, and is subject to shareholder approval at the upcoming 14th Annual General Meeting. The appointment was recommended by the Audit Committee and is in line with the Companies Act, 2013. The newly appointed firm was established in 2010 and provides services spanning audit, tax, risk advisory, transaction advisory, and business process outsourcing.

Likely market impact

This is a routine regulatory disclosure with no material impact on shareholders or the stock price. A fresh full-term auditor appointment ensures continuity in financial oversight for the next five years.