The term of M/s. GMJ & Co, Chartered Accountants (Firm Registration No. 103429W), as the Statutory Auditors of the Company, will conclude at the conclusion of the ensuing 41st Annual General Meeting of the Company.
The Board of Directors, based on the recommendation of the Audit Committee, has recommended the appointment of M/s. SDBA & Co., Chartered Accountants (Firm Registration No. 142004W), as the new Statutory Auditors of the Company. The proposed appointment is for a term of 5 consecutive years, from the conclusion of the ensuing AGM until the conclusion of the AGM to be held in the year 2031.
This appointment is subject to the approval of the Members at the ensuing Annual General Meeting. The disclosure was signed by Divya Saboo, Company Secretary & Compliance Officer (Membership No.: ACS 72994), and submitted to both BSE Limited and National Stock Exchange of India Limited.
No financial impact has been quantified in this disclosure regarding the auditor change. The annexure provided confirms that the reason for change is tenure completion of the existing auditors, with no relationships between directors requiring disclosure.