Auditor17 Apr 2026, 07:41 pm
Mahesh Developers: Statutory Auditor Resigns, New Auditor Appointed
AI Summary
Mahesh Developers Ltd's Board of Directors met on April 17, 2026, and noted the resignation of M/s. Bhairavi & Associates, Chartered Accountants, as Statutory Auditor. The auditor cited increased scope, reporting requirements, and a proposed fee structure as reasons for their inability to continue. The Audit Committee confirmed no concerns were raised. Subsequently, the Board approved the appointment of M/s. Sunit M. Chhatbar & Co., Chartered Accountants, as the new Statutory Auditor to fill the casual vacancy, subject to shareholder approval. The Board also appointed Mr. Khushal Bherulal Bajaj as the Secretarial Auditor for the Financial Year 2025-2026.
Key Highlights
- Statutory Auditor M/s. Bhairavi & Associates resigned from Mahesh Developers.
- Resignation cited increased scope, reporting requirements, and proposed fee structure.
- Audit Committee confirmed no concerns were raised by the resigning auditor.
- M/s. Sunit M. Chhatbar & Co. appointed as new Statutory Auditor, subject to shareholder approval.
- Mr. Khushal Bherulal Bajaj appointed as Secretarial Auditor for FY2025-26.
Price Impact
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