We hereby inform that the Board of Directors of the Company has approved the appointment of M/s. GHR & Co., Chartered Accountants, as the Statutory Auditor of the company to fill the casual vacancy.
Awaiting price reaction for this filing.
On February 11, 2026, the board of BCL Enterprises Ltd approved several key decisions. The statutory auditor M/s. Sandeep Kumar Singh & Co. resigned midterm, citing pre-occupation, just about 5 months into their 5-year term (appointed September 2025, scheduled till 2030). The auditor explicitly stated no disputes or concerns. To fill the casual vacancy, M/s. G H R & Co. has been appointed as the new statutory auditor, subject to shareholder approval, to hold office till the next AGM in FY 2026-27. The internal auditor M/s Ghanshyam Gupta & Co. also resigned (citing workload and time constraints) and was replaced by M/s U. Shanker & Associates. Additionally, Ms. Sonika Aggarwal was appointed as an Additional Non-Executive Independent Director, an EGM was convened for March 9, 2026, and a proposal to raise funds through a loan convertible into equity shares was approved, pending shareholder approval.
The midterm change of statutory and internal auditors within a few months of appointment may raise governance questions for shareholders, though the outgoing auditor cited no concerns. The approved convertible loan proposal, if shareholders approve it at the upcoming EGM, could lead to future equity dilution depending on conversion terms.