Sandu Pharmaceuticals Limited has disclosed a change in its statutory auditors pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Quantitative Figures and Dates

  • The 41st Annual General Meeting was held and concluded on September 11, 2026.
  • Members approved the appointment of M/s. Dave & Dave, Chartered Accountants (Firm Registration No. 102163W) as statutory auditors.
  • The new auditors will hold office for a first term of five consecutive years, commencing from the conclusion of the 41st AGM (September 11, 2026) until the conclusion of the 46th AGM to be held in 2031.
  • Their tenure covers the financial years from 2026-27 to 2030-31.

Parties Involved

  • Outgoing Auditors: M/s. Dileep and Prithvi, Chartered Accountants (Firm Registration No. 122290W, Peer Review Certificate No. 015925)
  • Incoming Auditors: M/s. Dave & Dave, Chartered Accountants (Firm Registration No. 102163W, Peer Review Certificate No. 020259 valid from March 25, 2025, to March 31, 2028)
  • Company Secretary & Compliance Officer: Pratik Mhambray (ACS Membership No. A36512)

Reason for Change

The tenure of the outgoing auditors, M/s. Dileep and Prithvi, expired upon completion of their second term of five consecutive years each (total ten years) at the conclusion of the 41st AGM. Under Section 139(2) of the Companies Act, 2013, they were not eligible for re-appointment after completing two terms.

New Auditor Profile

M/s. Dave & Dave is a partnership firm established in 1989 based in Mumbai. The firm has:

  • 2 partners with 25-35 years of professional experience each
  • 2 associates
  • 10 other staff members
  • Expertise in statutory, internal, management, stock and tax audits, corporate law, secretarial compliances, taxation, project financing, accounting, and valuation
  • Experience serving listed companies, private companies, public sector undertakings, and banking institutions

Relationships and Concerns

The outgoing auditors did not raise any concerns or issues regarding their cessation. The new auditors, M/s. Dave & Dave, are not related to any directors, key managerial personnel, promoters, or promoter group of the company.

Financial Impact

No financial impact quantified in the disclosure. The change is administrative due to term completion requirements.