Auditor30 May 2026, 05:33 pm
Newtrac Foods Appoints Sarang Shivajirao Chavan as Auditor
AI Summary
Newtrac Foods & Beverages Ltd announced the appointment of Sarang Shivajirao Chavan and Associates as the statutory auditor of the company, effective June 1, 2026, for the financial year 2026-2027. This follows the resignation of the previous auditor, NKSC & Co, who were appointed on June 26, 2025, and whose term was scheduled to expire at the conclusion of the 42nd Annual General Meeting in 2029. The resignation of NKSC & Co did not involve any concerns raised to the Audit Committee/Board of Directors.
Key Highlights
- Sarang Shivajirao Chavan & Associates appointed as statutory auditor from June 1, 2026.
- NKSC & Co resigned as statutory auditor; appointed on June 26, 2025.
- NKSC & Co's resignation did not involve any specific concerns.
- Board meeting on May 30, 2026, approved auditor changes and financial results.
- Audited financial results for the quarter and year ended March 31, 2026, were approved.
Price Impact
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