Shivalik Bimetal Controls Limited has made a regulatory disclosure regarding the appointment of statutory auditors for two of its subsidiary companies.
Subsidiary Company Actions
- Shivalik Engineered Products Private Limited (Material Subsidiary) and Shivalik Bimetal Engineers Private Limited (Subsidiary) held their respective board meetings on August 7, 2026
- Both boards approved and recommended the appointment of M/s Walker Chandiok & Co LLP, Chartered Accountants (Firm Registration No. 001076N/N500013) as their Statutory Auditors
Appointment Details
The appointment is made to fill the casual vacancy caused by the resignation of the previous auditor, M/s Arora Gupta & Co., Chartered Accountants.
Interim Appointment:
- Effective from: August 7, 2026
- Term: Until the conclusion of the ensuing Annual General Meeting
- Subject to shareholder approval
Proposed Long-term Appointment:
- The board has proposed to appoint Walker Chandiok & Co LLP for a term of five consecutive years
- Effective from the date of the upcoming Annual General Meeting to be held in FY 2026-27
- For the financial year 2026-26 onward
- Subject to shareholder approval
Auditor Profile
M/s Walker Chandiok & Co LLP
- Firm Registration Number: 001076N/N500013
- Office Address: 21st Floor, DLF Square, Jacaranda Marg, DLF Phase II, Gurugram 122-002
- Established: 1935
- Registration: Registered with ICAI, Public Company Accounting Oversight Board (PCAOB), and empaneled with Comptroller and Auditor General of India (CAG)
- Offices: 20 offices across major cities in India (including registered office in New Delhi)
- Partners: 98 partners
- Services: Provides audit and assurance services to several large companies including some of the top one hundred listed entities in India
- Status: Holds valid peer review certificate
Disclosure Authorization
Financial Impact
No specific financial impact quantified in the disclosure.