Zee Learn Limited has informed the Exchange about General Updates
ZEELEARN · price
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Zee Learn's wholly owned material subsidiary, Digital Ventures Private Limited (DVPL), is set to get a new statutory auditor. The DVPL board has recommended appointing Ford Rhodes Parks & Co LLP, Chartered Accountants, to fill the casual vacancy caused by the resignation of the previous auditor, M/s B. S. Sharma & Co. The appointment is subject to approval from members at the upcoming General Meeting. If approved, Ford Rhodes Parks & Co LLP, a well-established firm founded in India in 1919 with over 105 years of experience and offices in Mumbai, Bengaluru, Chennai, Hyderabad, and Kolkata, will serve until DVPL's next Annual General Meeting. The change is at the subsidiary level, not at the listed Zee Learn entity itself.
This is a routine auditor change at the subsidiary level and is unlikely to have a direct material impact on Zee Learn shareholders. The replacement firm is a reputed, long-standing CA firm, which is neutral to slightly positive from a governance standpoint. Investors may want to watch for reasons behind the prior auditor's resignation, as this is not disclosed.