
Auditor19 Jun 2026, 06:52 pm
Satani Bearings Appoints New Auditors, Accepts Resignation
AI Summary
Satani Bearings Ltd announced that its Board of Directors has accepted the resignation of M/s P A M S & Associates as Statutory Auditors, effective June 19, 2026. Concurrently, the Board appointed M/S. Bhatt Shah Mekhia & Co. as the new Statutory Auditors. The appointment is provisional until the company's next General Meeting. The Board also approved the reconstitution of the Audit Committee and Nomination & Remuneration Committee following the resignation of an Independent Director.
Key Highlights
- M/s P A M S & Associates resigned as Statutory Auditors.
- M/S. Bhatt Shah Mekhia & Co. appointed as new Statutory Auditors.
- Audit Committee and Nomination & Remuneration Committee reconstituted.
- Board meeting noted auditor resignation and new appointment.
Price Impact
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