
Auditor19 Jun 2026, 06:40 pm
Satani Bearings Appoints Bhatt Shah Mekhia & Co. as Statutory Auditors
AI Summary
Satani Bearings Ltd announced the appointment of M/s Bhatt Shah Mekhia & Co., Chartered Accountants, as its new Statutory Auditors during a Board of Directors meeting held on June 19, 2026. This appointment fills the vacancy created by the resignation of M/s P A M S & Associates. The Board also noted the reconstitution of the Audit Committee and Nomination & Remuneration Committee following the resignation of Ms. Aakansha Vaid from the Board. The appointment of the new auditors is subject to shareholder approval at the upcoming General Meeting.
Key Highlights
- Bhatt Shah Mekhia & Co. appointed as new Statutory Auditors.
- Appointment fills vacancy from resignation of P A M S & Associates.
- Audit Committee and Nomination & Remuneration Committee reconstituted.
- Reconstitution follows resignation of an Independent Director.
- Appointment subject to shareholder approval at the ensuing AGM.
Price Impact
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