Futura Polyesters Appoints New Auditors, Extends Preference Share Redemption

Futura Polyesters Ltd announced the outcome of its Board meeting held on August 3, 2026. The Board approved the appointment of M/s. Dhwani M Shah & Associates as the new Statutory Auditors, replacing M/s. V.S. Somani & Co., whose term has expired. The new auditors will serve until the next Annual General Meeting, with a remuneration of ₹5,00,000 plus applicable taxes and expenses. Additionally, the Board approved the extension of the redemption period for 19,89,000 9% Non-Cumulative Redeemable Preference Shares by five years, from September 17, 2025, to September 17, 2030. An Extraordinary General Meeting (EGM) will be convened on August 26, 2026, to seek shareholder approval for these matters.