Appointment of Statutory Auditor of the Company- Motilal & Associates LLP.
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Wagend Infra Venture has appointed Motilal & Associates LLP (Chartered Accountants, FRN: 106584W/W100751) as its new Statutory Auditor for a 5-year term, starting from the conclusion of the 43rd Annual General Meeting (AGM) up to the 48th AGM in calendar year 2030. The change follows the natural end of tenure of the existing auditor, Singhvi & Sancheti, whose term expires at the 43rd AGM scheduled for September 30, 2025. Motilal & Associates LLP is a 39-year-old firm classified as a Category A firm by the Co-operative Banks Panel for 2025-26. The Board also approved the 43rd AGM notice and appointed Gajab Maheshwari and Associates as Secretarial Auditor for FY 2024-25.
This is a routine, procedural auditor rotation triggered by the completion of the previous auditor's tenure, not a mid-term resignation or governance concern. Shareholders should not expect any material impact on the stock; the appointment is subject to shareholder approval at the upcoming AGM.