Based on audir committee''s recommendation appointment of statutory auditors of the company subject to approval of shareholders in the general meeting.
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The Board of Vrundavan Plantation Ltd has informed the stock exchange about the resignation of its existing statutory auditor, M/s. Doshi Doshi & Co, Chartered Accountants (FRN: 153683W), effective December 16, 2025. The audit committee noted that the outgoing auditor did not raise any concerns and no specific reason other than what was stated in their resignation letter was given. To fill the resulting casual vacancy, the Board has approved the appointment of M/s. Panchal S K & Associates, Chartered Accountants (FRN: 145989W), subject to shareholder approval within three months. The new auditor will serve until the conclusion of the next Annual General Meeting for FY ending March 31, 2026.
Auditor changes during a term are routine but can sometimes raise governance questions; however, the company has stated no concerns were flagged by the outgoing auditor, which is a neutral to mildly positive signal for shareholders.