Ajel Limited Appoints Maddukuru & Associates as Statutory Auditor

Key Event Details

• Event: Appointment of Statutory Auditors to fill a casual vacancy.
• Date of Board Meeting: October 13, 2026
• Meeting Duration: 11:00 AM to 11:15 AM
• Reference Regulations: Regulation 30 of SEBI LODR Regulations, 2015, read with Schedule III and SEBI Circular CIR/CFD/CMD/4/2015 dated September 09, 2015.

Auditor Change Details

• Outgoing Auditor: M/s G M K & CO. LLP, Chartered Accountants (Firm Registration Number: S200357). Reason for vacancy: Resignation. The disclosure states the outgoing auditors "have not raised any concern or issue."
• Incoming Auditor: M/s Maddukuru & Associates, Chartered Accountants (Firm Registration Number: 017530S).
• Effective Date of Appointment: October 13, 2026.
• Term of Appointment: The new auditors shall hold office until the conclusion of the ensuing Annual General Meeting of the company.
• Approval Process: The appointment was approved by the company's Audit Committee and Board of Directors at their meeting held on October 13, 2026. The appointment is subject to approval by shareholders at an Extra Ordinary General Meeting (EGM) of the company.

Profile of New Auditor

M/s Maddukuru & Associates is described as a firm of Chartered Accountants headquartered in Ongole, Andhra Pradesh, India. Their brief profile states they have expertise in providing Auditing, Finance, Legal, Taxation, Assurance, and Regulatory services. The firm's service portfolio includes Statutory Audit, Internal Audit, Risk Assessment, Income Tax and GST compliance, Business Advisory, and Financial Restructuring.

Financial Impact

Financial impact is not quantified in the disclosure.