Key Decision
Board of Directors at its meeting held on August 11, 2026 approved the appointment of M/s Kirtane & Pandit LLP, Chartered Accountants (Firm Registration No. 105215W/W100057) as Statutory Auditor of the Company.
Appointment Details
- Term: 5 consecutive years
- Commencement: From conclusion of 61st Annual General Meeting
- Conclusion: Till conclusion of 66th Annual General Meeting
- Basis: Recommendation of the Audit Committee
Condition of Appointment
The appointment is subject to approval by members of the Company at the ensuing 61st Annual General Meeting.
Reason for Change
The previous internal auditor, Kirtane & Pandit LLP, did not continue its tenure after the end of FY2025-26 due to "arise in conflict of interest as a internal auditor."
Auditor Profile
Kirtane & Pandit LLP is a 70+ year-old accounting, auditing, and consulting firm with strong national presence. The firm delivers comprehensive assurance, accounting, and advisory services to reputed and listed companies across diverse industries worldwide.
Financial Impact
Financial impact not quantified in the disclosure.
Effective Date
The appointment will become effective upon shareholder approval at the 61st AGM.
#Tags: #DivgiTorqTransfer #StatutoryAuditorAppointment #Regulation30 #SEBIDisclosure #GovernanceUpdate #Neutral