Nature of the Event

The company is appointing a new statutory auditor to fill a casual vacancy caused by the resignation of the previous auditor.

Key Decisions and Dates

  • The Board of Directors, upon the recommendation of the Audit Committee, approved the appointment of M/s. MGSA & Company (FRN: 022481C) as Statutory Auditors at its meeting held on July 16, 2026.
  • The appointment is effective from July 16, 2026, but is subject to approval by the members at the ensuing Annual General Meeting (AGM).
  • The Board has also proposed the appointment of MGSA & Company for a first term of five consecutive years, subject to member approval at the AGM.

Reason for Change

The change is due to the resignation of the previous statutory auditor, M/s. Mahesh Udhwani & Associates, Chartered Accountant (FRN: 129738W).

Details of the New Auditor: MGSA & Company

  • Firm Registration Number (FRN): 022481C
  • Peer Review Certificate No.: 022043
  • RBI Category: IV
  • Date of Establishment: November 29, 2016
  • Registered Address: Shop No. 6, Gayatrisharnam Complex, Basement Floor, Rani Bazar Ind. Area, Bikaner-334001, Rajasthan
  • Branch Offices:
  • Lifestyle Param A404 6, AA Rd, Avvai Nagar, Vyasarpadi, Perambur, Chennai, Tamil Nadu-600039
  • Flat No 3448, Block No D, Fourteenth Floor, My Haveli, Ajmer Road, Jaipur-302006
  • PAN No.: ABXFA1743N
  • Nature of Services: The firm provides a wide range of services including Direct & Indirect Taxation Consultancy, Income Tax Planning, GST Registration and Compliance, TDS Compliance, Statutory Audits, Tax Audits, Internal Audits, Stock Audits, Concurrent Audits, Accounting, Bookkeeping, Financial Statement Preparation, Business Registration, Financial Advisory, Startup Advisory, ROC Compliance, and Project Reports.
  • Organizational Setup: The firm has a team of 10 professionals, including 4 qualified professionals, 2 audit staff, and 4 administrative/support staff.
  • Empanelment: The firm is empaneled with the RBI (Unique Code: 1018742) and Raj Co-operative (CAF/2024/JAIPUR-447).

Key Personnel at MGSA & Company

Partners:

1. CA Mukesh Sharma: Partner, FCA, B.Com, ICAI Membership No. 310542. Post-qualification courses include a Certificate Course in Concurrent Audit.

2. CA Gaurav Agrawal: Partner, CA, M.Com, ICAI Membership No. 434271. Post-qualification courses include a Certificate Course in Concurrent Audit, Diploma in Information System Audit (DISA), and Forensic Accounting and Fraud Detection (FAFD).

Professional Staff:

1. Shweta Gupta: ACA, B.Com, ICAI M. No. 429934

2. Priya Behra: ACA, B.Com, ICAI M. No. 487733

3. Rajmati Bothra: Semi-Qualified CS, LLB, M.Com

4. Bhavesh Sethia: B.Com

5. Prince Agrawal: B.Com

6. Shahnawaz: B.Com

7. Yunus Ali: B.Com

Financial Impact

No financial impact is quantified in the disclosure.

Availability of Information

The full details are available on the company's websites: https://wardwizardhealthcare.com and https://www.ayokimerchantile.com/.