Disclosure for Appointment of Statutory Auditors.
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Yash Chemex Ltd has announced the resignation of its Statutory Auditors, M/s S. L. Patel & Co, effective 19th May 2026. The resignation was due to the auditor's old age, medical reasons, and an expired peer review certificate which could not be renewed. S. L. Patel & Co had been appointed in September 2024 for a 5-year term until the 23rd AGM. To fill this casual vacancy, the Board appointed M/s TRS & Associates as the new Statutory Auditors effective the same date. This appointment is subject to shareholder approval and is for conducting the audit for Financial Year ended 31st March 2026. The resignation was announced as an outcome of the Board meeting held on 19th May 2026.
The mid-term resignation of the statutory auditor and immediate replacement may raise minor governance concerns, though the reason appears to be legitimate (health and expired certification). Shareholders will need to approve the new auditor at the next general meeting.