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In an Extra-Ordinary General Meeting held on 18th December 2025, shareholders of Zodiac-JRD-MKJ Ltd approved the appointment of Mr. Girish L. Shethia, Chartered Accountant, as the new Statutory Auditor for Financial Year 2025-26. Mr. Shethia, who has over 35 years of experience in audit, taxation, and financial advisory, was originally appointed by the Board on 20th November 2025 on the recommendation of the Audit Committee. His appointment fills the casual vacancy created by the resignation of the previous Statutory Auditor, M/s. H. G. Sarvaiya & Co. The new auditor specializes in statutory audits of IND AS-compliant and listed entities, internal audits, GST advisory, and RERA compliance.
The mid-year change of auditor may raise minor governance concerns among investors, as it indicates the previous auditor stepped down during an ongoing financial year. However, the new appointee's strong credentials and experience with listed-entity audits suggest continuity in audit quality. Shareholders should monitor for any further disclosures regarding the reasons behind the previous auditor's resignation.