StockWatch
·
Iron & Steel Products
Auditor14 Aug 2026, 02:27 pm

Ahmedabad Steelcraft Appoints New Secretarial Auditor

AI Summary

Ahmedabad Steelcraft Ltd. announced the appointment of M/s Nisarg Sharma & Associates as its new Secretarial Auditor. This appointment fills the casual vacancy created by the resignation of M/s SJV & Associates, effective August 13, 2026. The new auditor will serve until the company's 54th Annual General Meeting and has been appointed for a term of five consecutive financial years, from April 1, 2026, to March 31, 2031, subject to shareholder approval. The Board also approved unaudited financial results for the quarter ended June 30, 2025, and noted two omnibus material related party transactions with ABI Energy Solutions Limited (up to ₹100 Cr) and ABI Infratech Private Limited (up to ₹25 Cr) for FY2026-27.

Key Highlights

  • New secretarial auditor appointed: Nisarg Sharma & Associates.
  • Appointment is for five years, subject to shareholder approval.
  • Unaudited financial results for Q1 FY25 approved.
  • Approved related party transactions up to ₹125 Cr for FY26-27.
  • Resignation of previous secretarial auditor noted.