StockWatch
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Residential- Commercial Projects
Auditor17 Apr 2026, 07:41 pm

Mahesh Developers: Statutory Auditor Resigns, New Auditor Appointed

AI Summary

Mahesh Developers Ltd's Board of Directors, at a meeting on April 17, 2026, noted the resignation of M/s. Bhairavi & Associates as Statutory Auditor. The resignation was attributed to increased scope and reporting requirements, with the Audit Committee confirming no concerns. The Board subsequently approved the appointment of M/s. Sunit M. Chhatbar & Co. as the new Statutory Auditor to fill the casual vacancy, pending shareholder approval. Additionally, Mr. Khushal Bherulal Bajaj was appointed as the Secretarial Auditor for the Financial Year 2025-2026.

Key Highlights

  • Statutory Auditor M/s. Bhairavi & Associates resigned due to increased scope.
  • M/s. Sunit M. Chhatbar & Co. appointed as new Statutory Auditor.
  • New Statutory Auditor's appointment is subject to shareholder approval.
  • Mr. Khushal Bherulal Bajaj appointed as Secretarial Auditor for FY2025-26.